broker n : a businessman who buys or sells for another in exchange for a commission [syn: agent, factor] v : act as a broker

English

Pronunciation

• Rhymes: -əʊkə(r)

Noun

1. A mediator between a buyer and seller.
2. An agent involved in the exchange of messages or transactions.

Translations

• Czech: zprostředkovatel , makléř
• Finnish: välittäjä
• Serbian: mešetar , mešetarka

Derived terms

• power broker
• brokerage

Verb

1. To act as a broker; to mediate in a sale or transaction.

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 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

• Business broker
• Commodity broker
• Construction equipment broker
• Contract Hire Broker (see Business Contract Hire)
• Forex Broker
• Insurance broker
• Investment broker
• Mortgage broker
• Real estate broker
• Rigs brokers
• Ship broker
• Stock broker
• Yacht charter brokers
• Capacity broker
• Off Business broker
• Marriage broker

Realtor, Wall Streeter, agent, arbitrator, bill broker, bond crowd, cambist, connection, contact, cotton broker, curb broker, dealer, diamond broker, discount broker, distributor, estate agent, floor broker, floor trader, floorman, furniture broker, go-between, grain broker, hotel broker, insurance broker, interagent, interceder, intercessor, intermediary, intermediate, intermediator, intermedium, internuncio, interpleader, jobber, land broker, liaison, link, mediary, mediator, medium, middleman, money broker, money changer, mortgage broker, negotiant, negotiator, note broker, odd-lot dealer, pawnbroker, pit man, real estate agent, real estate broker, registered representative, sharebroker, ship broker, specialist, stock dealer, stock-exchange broker, stockbroker, stockjobber, tie, two-dollar broker, wholesaler