a person who transacts business for the next a real estate agent
- act as a broker
- a businessman whom purchases or sells for another in return for a payment
- one that transacts company for another; a realtor.
- a real estate agent utilized to effect deals and contracts, as a middleman or negotiator, between other individuals, for a compensation frequently known as brokerage. He takes no possession, as broker, of the subject material of the settlement. He generally contracts within the brands of those which employ him, and never inside the very own.
- a dealership in cash, records, bills of exchange, etc.
- A dealer in secondhand items.
- A pimp or procurer.
n. generally, someone who arranges agreements between a buyer and vendor for a commission (a portion associated with sales cost). These include real estate agents (that have duty over an agency as well as its sales agents in addition to unique conduct), insurance agents (managing several organization as opposed to being a representative for just just one company), and stockbrokers, that are the upper-level of stock salespersons and/or the operators of brokerage houses. Brokers in the more technical areas (as above) are controlled and accredited by each condition and now have a "fiduciary" responsibility to behave when you look at the best interests associated with customer. Consumers should explore whether the agent is representing the client's best interest or perhaps would like to make a sale. A "pawnbroker" is a lender for products left for security ("hocked") at high prices.
an insurance coverage intermediary who/that presents the insured as opposed to the insurer. Because they are not the appropriate representatives of insurers, brokers, unlike separate agents, usually do not have the right to work on the behalf of insurers, such as for example to bind coverage. While some brokers do have agency agreements with a few insurers, they usually remain obligated to express the passions of insureds in place of insurers. Including, some condition insurance codes enforce a fiduciary responsibility to do something on the part of their customers or offer complete disclosure of their compensation from all resources. See also broker.
letter representative used to create bargains and contracts between various other people, in things of trade, commerce, or navigation, for a compensation generally called "brokerage." Story, Ag.
late 14c., from Anglo-French brocour "tiny trader," from abrokur "retailer of wine, tapster;" maybe from Portuguese alborcar "barter," but much more likely from Old French brocheor, from brochier "to broach, tap, pierce (a keg)," from broche "pointed tool" (see broach (n.)), providing initial feeling of "wine supplier," hence "retailer, middleman, broker." In Middle English, made use of contemptuously of peddlers and pimps.
- 1630s (suggested in brokering), from agent (letter.). Relevant: Brokered.
one who serves as a dependable broker or intermediary in commercial negotiations or deals. Agents are licensed specialists in areas where specialized knowledge is necessary, eg finance, insurance, and real estate. Their particular rate of compensation (called brokerage or percentage) is decided relating to custom for the specific trade or by law, and it is calculated frequently either as a fixed portion of worth of the transaction or on a sliding scale (greater the worthiness, reduced the portion).
(v. t.) One who transacts business for the next; a realtor.
- (v. t.) An agent employed to effect bargains and agreements, as a middleman or negotiator, between other persons, for a compensation generally known as brokerage. He takes no control, as broker, for the subject material of this negotiation. He generally contracts when you look at the names of those just who employ him, and never inside the own.
- (v. t.) A dealer in cash, notes, bills of exchange, etc.
- (v. t.) A dealer in secondhand goods.
- (v. t.) A pimp or procurer.
This experience entitled me to be regarded as a sort of real-estate broker by my friends.