Dictionary of International Trade
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A broker is an individual person who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal.
Neither role should be confused with that of an agent —one who acts on behalf of a principal party in a deal. A broker is an independent party, whose services are used extensively in some industries. A broker's prime responsibility is to bring sellers and buyers together and thus a broker is the third-person facilitator between a buyer and a seller.
An example would be a real estate broker who facilitates the sale of a property. Brokers also can furnish market information regarding prices, products, and market conditions. Brokers may represent either the seller or the buyer but not both at the same time.
An example would be a stockbrokerwho makes the sale or purchase of securities on behalf of his client. Brokers play a huge role in the sale of stocks, bonds, and other financial services. There are advantages to using a broker. First, they know their market and trade broker meaning already established relations with prospective accounts.
Brokers have the tools and resources to reach the largest possible base of buyers. They then screen these potential buyers for revenue that would support trade broker meaning potential acquisition. An individual producer, on the other hand, especially one new in the market, trade broker meaning will not have the same access to customers as a broker. Another trade broker meaning of using a broker is cost—they might be cheaper in smaller markets, with smaller accounts, or with a limited line of products.
Before hiring a broker, it may be considered prudent to research the requirements relating to someone using the title. Some titles, such as real estate brokers, often trade broker meaning strict state requirements for using the term, while others, such as aircraft brokers, typically have no formal licensing or training requirements. The word "broker" derives from Old Trade broker meaning broceur "small trader", of uncertain origin, but possibly from Old French brocheor meaning "wine retailer", which comes from the verb brochieror "to broach a keg ".
Media related to Brokers at Wikimedia Commons. From Wikipedia, the free encyclopedia. For other uses, trade broker meaning Broker disambiguation. For the not-for-profit organization "the Brokerage", see The Brokerage Citylink. Stanton, and Gregory A. Management of a Sales Force. Retrieved from " https: All articles with unsourced statements Articles with unsourced statements from January Pages using div col with deprecated parameters Commons category without a link on Trade broker meaning Wikipedia articles with GND identifiers.