BROKING - 2 reference results
A broker is a party that mediates between a buyer and a seller. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent: one who acts on behalf of a principal. A brokerage or a brokerage firm is a business that acts as a broker. A sales person working for a securities or commodity brokerage firm is popularly (but incorrectly) called a "broker." A broker in that context is, strictly speaking, an exchange member who actually executes the purchase or sale order in the pit, on the exchange, as a service to the client of the firm for which that salesman works.
Types of brokers
- Commodity broker
- Construction equipment broker
- Contract Hire Broker (see Business Contract Hire)
- Forex Broker
- Insurance broker
- Investment broker
- Mortgage broker
- Prime broker
- Real estate broker
- Rigs brokers
- Ship broker
- Stock broker
- Yacht charter brokers
- Capacity broker
- Off Business broker
- Marriage broker
- Peace broker
- Computer broker
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Last updated on Thursday October 02, 2008 at 12:24:42 PDT (GMT -0700)
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This article is licensed under the GNU Free Documentation License.
Last updated on Thursday October 02, 2008 at 12:24:42 PDT (GMT -0700)
View this article at Wikipedia.org - Edit this article at Wikipedia.org - Donate to the Wikimedia Foundation
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