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Broker
 
 
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A broker is a party that mediates between a buyer
Buyer

When someone gets characterised by their role as buyer of certain assets, the term "buyer" gets new meaning:A "merchandiser" or buyer is a person who purchases finished goods, typically for resale, for a firm, government, or organization....
 and a seller. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent
Agent (law)

An Agent in Commercial Law is a person who is authorised to act on behalf of another to create a legal relationship with a Third Party. Section 182 of the [Indian] Contract Act, 1872 defines Agent as ?a person employed to do any act for another or to represent another in dealings with third persons?....
: one who acts on behalf of a principal. A "brokerage" or a "brokerage firm" is a business that acts as a broker. A brokerage firm is a business that specializes in trading stocks. 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 is actually executing the purchase or sales order in the 'pit', on the exchange, as a service to the client of the firm for which that salesman works.








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A broker is a party that mediates between a buyer
Buyer

When someone gets characterised by their role as buyer of certain assets, the term "buyer" gets new meaning:A "merchandiser" or buyer is a person who purchases finished goods, typically for resale, for a firm, government, or organization....
 and a seller. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent
Agent (law)

An Agent in Commercial Law is a person who is authorised to act on behalf of another to create a legal relationship with a Third Party. Section 182 of the [Indian] Contract Act, 1872 defines Agent as ?a person employed to do any act for another or to represent another in dealings with third persons?....
: one who acts on behalf of a principal. A "brokerage" or a "brokerage firm" is a business that acts as a broker. A brokerage firm is a business that specializes in trading stocks. 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 is actually executing the purchase or sales order in the 'pit', on the exchange, as a service to the client of the firm for which that salesman works.

Types of brokers

  • Broker-dealer
    Broker-dealer

    A broker-dealer is a company or other organization that trades security for its own account or on behalf of its customers.When executing trade orders on behalf of a customer, the institution is said to be acting as a Stock broker....
  • Capacity broker
  • W.O.W broker
  • Commodity broker
    Commodity broker

    A commodity broker is a firm or individual who executes orders to buy or sell commodity contracts on behalf of clients and charges them a commission....
  • Computer broker
  • Construction equipment broker
  • Contract Hire Broker (see Business Contract Hire
    Business Contract Hire

    Contract hire is a term used in the UK to describe a longer term RENTAL of a vehicle. There is a considerable industry - the contract hire and leasing sector - in the UK, with the largest current player being LEX - a wholly owned subsidiary of the Halifax Bank of Scotland, that runs in excess of 275,000 vehicles....
    )
  • Forex Broker
    Foreign exchange market

    The foreign exchange market market is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies....
  • Insurance broker
    Insurance broker

    An insurance broker sources contracts of insurance on behalf of their customers....
  • Investment broker
    Investment broker

    Investment brokers are individuals who bring together buyers and sellers of investments. They need a license to operate. They acton behalf of buyers and sellers of stock....
  • IT broker
    IT broker

    DefinitionAn IT broker is an intermediary between a buyer and a seller in the form of either an individual or a company.This intermediary is a specialist in the procurement and sales of new or second hand IT equipment such as servers, workstations, PC?s, IT storage and IT spare parts....
  • Marriage broker
  • Mortgage broker
    Mortgage broker

    A mortgage broker acts as an intermediary who sells mortgage loans on behalf of individuals or businesses.Traditionally, banks and other lending institutions have sold their own products....
  • Off Business broker
  • Oil broker(www.unitedbrokersinternational.com)
  • Peace broker
  • Prime broker
  • Real estate broker
    Real estate broker

    A real estate broker is a term in the United States and Canada which describes a party who acts as an intermediary between sellers and buyers of real estate and attempts to find sellers who wish to sell and buyers who wish to buy....
  • Rigs brokers
  • Ship broker
  • Stock broker
    Stock broker

    A stock broker or stockbroker is a regulated professional who buys and sells share s and other security through market makers or Agency Only Firms on behalf of investors....
  • Yacht charter brokers