- Securities: Person acting as an agent or intermediary between buyer and seller, usually charging a fee, or commission, for performing that service. Banks acting as brokers on behalf of their customers must register with the Securities and Exchange Commission and with the actual exchange where trading takes place. The gramm-leach-bliley act of 1999 exempts certain bank activities from SEC registration such as acting as a fiduciary or trustee or dealing in municipal securities.See also dealer
- Mortgages: State-licensed person who, for a fee or commission, represents property owners in real-estate transactions. Some brokers act on behalf of borrowers in arranging mortgage financing nd negotiating terms of sale.
any person who, in the ordinary course of business, stands ready to effect the sales made by others.
Insurance: person who finds the best insurance deal for a client and then sells the policy to the client.
Real estate: person who represents the seller and gets a commission when the property is sold.
Securities: person who acts as an intermediary between a buyer and seller, usually charging a commission. A broker who specializes in stocks, bonds, commodities, or options acts as agent and must be registered with the exchange where the securities are traded. Hence the term registered representative. See also account executive; dealer; discount broker.
insurance salesperson who searches the marketplace in the interest of clients, not insurance companies.
agent authorized to buy or sell for another organization or individual.
a state-licensed agent who, for a fee, acts for property owners in real estate transactions, within the scope of state law.
Example: A person wishing to sell or lease property often engages a broker to arrange the sale or locate tenants. A broker may also be engaged by a prospective buyer or tenant to locate acceptable property.
