Financial Glossary: Broker


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Broker

Broker

An Agent who handles the public's orders to buy and sell securities, commodities, or other property.

Broker can be an individual or firm that charges a fee or Commission for executing buy and sell orders submitted by an investor. A Broker firm acts as an Agent for a customer and charges the customer a Commission for its services.

A licensed Real Estate professional who typically represents the seller of a property is also called a Broker. Determining market values, advertising properties for sale, showing properties to prospective buyers, and advising clients with regard to offers and related matters comes under a Broker's duties.

Traditionally, only the wealthy could afford a Broker and access the stock market. The internet triggered an explosion of Discount brokers, which allow investors to trade at a lower cost, but don't provide personalized advice. Because of Discount brokers, almost anybody can afford to invest in the market.

Posted by Privatebanking.com

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