Broker
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(Redirected from Brokers)
For other uses, see Broker (disambiguation).
"Brokerage" redirects here. For the not-for-profit organisation "the Brokerage", see The Brokerage Citylink.
A broker is a party that mediates between a buyer and a seller. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent: 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.[1] 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.
[edit] Types of brokers
- Aircraft broker
- Broker-dealer
- Business broker
- Commodity broker
- Contract Hire Broker (see Business Contract Hire)
- Customs broker
- Deep discount broker
- Forex Broker
- Insurance broker
- Investment broker
- IT broker
- Joint venture broker
- List broker
- Low cost broker
- Marriage broker
- Mortgage broker
- Options broker
- Power broker (term)
- Prime broker
- Product broker
- Real estate broker
- Retail broker
- Ship broker
- Sponsorship broker
- Stock broker
- Yacht charter brokers
[edit] References
- ^ O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Needham, Mass.: Pearson Prentice Hall. pp. 287. ISBN 0-13-063085-3. OCLC 50237774.
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