What does brokered market mean?

brokered market meaning in Law Dictionary

The buying and selling of something in which a broker presents one or both counterparties. The agent is believed to be able to extract ideal price on the part of those who he or she signifies. Many securities and real-estate transactions occur in brokered markets.

brokered market meaning in Business Dictionary

Any marketplace in which buying and selling functions tend to be brought collectively through tasks of an agent. In securities, brokers keep a novel of trade instructions from where they quote a bid and inquire scatter to dealers. In property, agents maintain an inventory of properties is bought or sold.