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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 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 actually executes the purchase or sale order in the pit, on the exchange, as a service to the client of the firm for which that salesman works.

Types of brokers

• Capacity broker
• W.O.W broker
• Commodity broker
• Computer broker
• Construction equipment broker
• Contract Hire Broker (see Business Contract Hire)
• Forex Broker
• Insurance broker
• Investment broker
• Marriage broker
• Mortgage broker
• Off Business broker
• Oil broker
• Peace broker
• Prime broker
• Real estate broker
• Rigs brokers
• Ship broker
• Stock broker
• Yacht charter brokers

Wikipedia content modification information:

• This page was last modified on 27 November 2008, at 03:49.

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