Topical Terminology  

       

Topical Terminology > Broker



27 Definitions

Broker

For Broker we have terms and definitions in 27 topics. The topics are Auto Insurance, Automotive, Car Insurance, Commercial Real Estate, Customs, Domain Names, Drugs, Employee Benefits, Energy, Finance, Financial, Foreclosure, Franchise, Frauds and Scams, Health Insurance, Home Equity, Insurance, Logistics, Mortgage, Natural Gas, Oil, Purchasing A Home, Real Estate, Real Estate Appraisal, Refinance, Securities and William Shakespeare.



Broker (Auto Insurance)

An agent who brings together two parties, i.e. the customer and the insurer, and enables them to enter into a contract to which he is not a principal.


Broker (Automotive)

A person who represents the insured to solicit or negotiate for contracts. A broker may deal with many agents or companies on behalf of his or her client.


Broker (Car Insurance)

An agent who brings together two parties, i.e. the customer and the insurer, and enables them to enter into a contract to which he is not a principal.


Broker (Commercial Real Estate)

One who acts as an intermediary between landlord and prospective tenant. Broker could be acting on behalf of the tenant (Tenant Representative), or the landlord (Building Representative). The Broker is generally paid by the landlord, unless other financial arrangements have been made, or the Broker’s registration of the prospective tenant has been rejected by the landlord.


Broker (Customs)

An intermediary between a buyer and a seller in a highly organized market, as in the case of a stockbroker.
See also: Capital Market, Market, Security,


See more Customs Terms ...

Broker (Domain Names)

A company in the business of buying and selling domain names. Domain name brokers usually act as facilitators between buyers and sellers, but very rarely buy for their own account. Note that many companies call themselves "brokers" because it basically sounds good, though all they really do is list domain names for sale on their site, with contact information... only a small minority of companies calling themselves brokers provide full brokerage service, such as escrow.


Broker (Drugs)

Go between in a drug deal; heavy drug user


See more Drugs Terms ...

Broker (Employee Benefits)

A licensed insurance solicitor who places business with a variety of insurance companies and who represents buyers of insurance rather than the companies, even though he or she is paid a commission by the companies.


Broker (Energy)

A retail agent who buys and sells power. The agent may also aggregate customers and arrange for transmission, firming and other ancillary services as needed.


See more Energy Terms ...

Broker (Finance)

An individual who is paid a commission for executing customer orders. Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders. Also, person who acts as an intermediary between a buyer and seller, usually charging a commission. A "broker" who specializes in stocks, bonds, commodities, or options acts as an agent and must be registered with the exchange where the securities are traded. Antithesis of dealer.


See more Finance Terms ...

Broker (Financial)

Is the party who acts as an agent for his customer. The broker receives a commission as compensation. This person is also known as an AE, AP, IE, RR, or registered customer support person. Brokers are required to be licensed according to product lines and states when required. Is the party who acts as an agent for his customer. The broker receives a commission as compensation. This person is also known as an AE, AP, IE, RR, or registered customer support person. Brokers are required to be licensed according to product lines and states when required.


Broker (Foreclosure)

A agent authorized by the state to deal in real estate.


Broker (Franchise)

An intermediary who manages a sale and purchase. Brokers can represent either sellers or buyers. Different brokers can represent both a seller and a buyer.


Broker (Frauds and Scams)

A person who handles investors' orders to buy and sell securities. For this service a commission is usually charged. Brokers specializing in stocks, bonds, options, or commodities act as an agent.


Broker (Health Insurance)

A salesperson who has obtained a state license to sell and service contracts of multiple health plans or insurers, and who is ordinarily considered to be an agent of the buyer, not the health plan or insurer.


Broker (Home Equity)

An individual in the business of assisting in arranging funding or negotiating contracts for a client but who does not loan the money himself.


Broker (Insurance)

(1) An individual who for compensation solicits, negotiates or procures insurance or the renewal or continuance thereof on behalf of insureds or prospective insureds. (2) One who solicits, negotiates, or procures the making of contracts of insurance on behalf of the insured, other than himself or another broker, and who may render services incidental to these functions, except as an employee of an insured. (To this definition, the Commission on Insurance Terminology adds this comment: "By law, may be made agent of the insurer (insurance company) for certain purposes such as delivery of policy or collection of premium.")


Broker (Logistics)

A person who arranges for transportation of loads for a percentage of the revenue from the load.


Broker (Mortgage)

An individual in the business of assisting in arranging funding or negotiating contracts for a client buy who does not loan the money himself. Brokers usually charge a fee or receive a commission for their services.


See more Mortgage Terms ...

Broker (Natural Gas)

In CAPACITY ASSIGNMENT/BROKERING, a broker is one who sells or assigns firm transportation (or storage) capacity rights on an interstate pipeline to another entity. Also, an individual or company that buys or sells stocks, commodities, or services for others for a fee. A broker provides the function of bringing a buyer and seller together. A lease broker leases oil and gas leases for others or for the broker's own account for later sale.


Broker (Oil)

An individual or independent corporation engaged in bringing together sellers and buyers of natural gas, assisting in negotiations, arranging transportation and delivery terms. Brokers usually do not buy or sell for their own account but act as an agent for the buyer and/or seller.


See more Oil Terms ...

Broker (Purchasing A Home)

1) an individual in the business of helping to arrange funding or negotiating contracts for a client, but who does not loan the money himself. This is a mortgage broker; mortgage brokers usually charge a fee or receive a commission for their services.
2) Someone who helps you find a house and charges a fee for their services as well. This is a real estate broker; the term is usually synonymous with real estate agent, although there are, technically, differences.


Broker (Real Estate)

A person that represents another for a fee in real estate transactions. Real Estate brokers help consumers locate suitable real estate and are paid a fee for their services.


Broker (Real Estate Appraisal)

Also known as a "Real Estate Broker". A middleman or agent who buys and sells real estate for a company, firm, or individual on a commission basis. The broker does not have title to the property, but generally represents the owner.


Broker (Refinance)

An individual in the business of assisting in arranging funding or negotiating contracts for a client but who does not loan the money himself.


Broker (Securities)

See Agent.


Broker (William Shakespeare)

An agent.




Similar

Browse words that start with:




Browse All Terms by First Letter

Term Search



Powered by Odin Assemble 2.5a