Business / Taxes / Broker: A broker acts as an agent or intermediary for a buyer and a seller. The buyer, seller, and broker may all be individuals, or one or more may be a business or other institution. For example, a stockbroker works for a brokerage firm, and handles client orders to buy or sell stocks, bonds, commodities, and options in return for a commission or asset-based fee. Stockbrokers must pass a uniform examination administered by the NASD and must register with the Securities and Exchange Commission (SEC). A floor broker handles buy and sell orders on the floor of a securities or commodities exchange. A real estate broker represents the seller in a real estate transaction and receives a commission on the sale. If as a real estate buyer you hire someone to represent your interests, that person is known as a buyer’s agent. A mortgage or insurance broker acts as an intermediary in finding a mortgage or insurance policy for his or her client and also receives a commission.
Broker Noun Synonyms: stockbroker, agent, dealer, middleman, intermediary, go-between, stockjobber
Business / Real Estate / Brokerage: The bringing together of parties interested in making a real estate transaction. The business of a broker in acting as a third party agent to a transaction. MORE
Business / Taxes / Brokerage Account: To buy and sell securities through a broker-dealer or other financial services firm, you establish an account, generally known as a brokerage account, with that firm. In a full-service brokerage firm, MORE