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Sunday, April 29, 2007

What is a broker?

Source: Wikipedia

In commerce, 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 is a firm that acts as a broker.

Types of financial brokers

* Business broker
* Commodity broker
* Forex Broker
* Insurance broker
* Investment broker
* Mortgage broker
* Real estate broker
* Stock broker

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