Broker facts for kids
A broker is a middleman who brings others together to bargain, or bargains for them.
A broker is someone who helps arranges transactions between two parties.
The broker is sometimes a mediator between a buyer and a seller. The broker sometimes gets a commission when the deal is completed.
A broker who also acts as a seller or as a buyer becomes a principal party to the deal.
A broker is different than an agent: one who acts on behalf of a principal.
Types of brokers
- Aircraft broker
- Auto broker
- Broker-dealer
- Brokerage firm
- Business broker
- Commodity broker
- Customs broker
- Information broker
- Insurance broker
- Investment broker
- Joint venture broker
- Leasing broker
- List broker
- Marriage broker
- Mortgage broker
- Options broker
- Power broker (term)
- Prime broker
- Real estate broker
- Retail broker
- Ship broker
- Sponsorship broker
- Stockbroker
- Office broker
- Serviced office broker
See also
In Spanish: Bróker para niños
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Broker Facts for Kids. Kiddle Encyclopedia.