Broker
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(Redirected from Brokerage)
For other uses, see Broker (disambiguation).
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.
[edit] 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
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