https://indianpedia.org/index.php?action=history&feed=atom&title=BrokerBroker - Revision history2026-07-30T22:32:26ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Broker&diff=421231&oldid=prevAjay Kumar at 05:17, 29 August 20232023-08-29T05:17:35Z<p></p>
<p><b>New page</b></p><div>{{Short description|Person who arranges transactions between a buyer and a seller for a commission}}<br />
{{Other uses}}<br />
[[File:Stockexchange.jpg|thumb|250px|Brokers on the floor of the [[New York Stock Exchange]], 1908]]<br />
A '''broker''' is a person or firm who arranges transactions between a [[Purchasing|buyer]] and a [[sales|seller]]. This may be done for a [[commission (remuneration)|commission]] when the deal is executed. A broker who also acts as a seller or as a buyer becomes a [[:wikt:principal|principal]] party to the deal. Neither role should be confused with that of an [[Agent (law)|agent]]—one who acts on behalf of a principal party in a deal.<ref name=Spiro/><br />
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==Definition==<br />
A broker is an independent party whose services are used extensively in some industries. A broker's prime responsibility is to bring sellers and buyers together and thus a broker is the third-person facilitator between a buyer and a seller. An example would be a real estate or stock broker who facilitates the sale of a property.<ref name=Spiro/><br />
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Brokers can furnish [[market research]] and [[market data]]. Brokers may represent either the seller or the buyer but generally not both at the same time. Brokers are expected to have the tools and resources to reach the largest possible base of buyers and sellers. They then screen these potential buyers or sellers for the perfect match. An individual producer, on the other hand, especially one new in the market, probably will not have the same access to customers as a broker. Another benefit of using a broker is cost—they might be cheaper in smaller markets, with smaller accounts, or with a limited line of products.<ref name=Spiro>{{cite book | url=https://books.google.com/books?id=kamlQgAACAAJ | last1=Spiro | first1=Rosann L. | first2=William J. | last2=Stanton | first3=Gregory A. | last3=Rich | title=Management of a Sales Force''. 12th ed. | publisher=McGraw-Hill/Irwin | year=2003| isbn=9780256020465 }}</ref><br />
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Some brokers, known as discount brokers, charge smaller [[commission (remuneration)|commission]], sometimes in exchange for offering less advice or services than full service brokerage firms.<ref>{{cite web | url=https://www.investopedia.com/terms/d/discountbroker.asp | title=What is a Discount Broker? | publisher=[[Investopedia]] | date=March 5, 2019}}</ref><br />
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A [[broker-dealer]] is a broker that transacts for its own account, in addition to facilitating transactions for clients.<ref>{{cite web | url=https://www.investopedia.com/investing/broker-dealer-firms/ | title=Top 15 Broker-Dealer Firms in 2018 | first=KEVIN B. | last=JOHNSTON | publisher=[[Investopedia]] | date=February 23, 2019}}</ref><br />
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Brokerage firms are generally subject to regulations based on the type of brokerage and jurisdictions in which they operate. Examples of brokerage firm regulatory agencies include the [[U.S. Securities and Exchange Commission]] and the [[Financial Industry Regulatory Authority]] (FINRA), which regulate [[stockbroker]]s in the United States.<br />
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==Etymology==<br />
The word "broker" derives from [[Old French]] ''broceur'' "small trader", of uncertain origin, but possibly from Old French ''brocheor'' meaning "wine retailer", which comes from the verb ''brochier'', or "to broach (a keg)".<ref>{{OEtymD|broker|access-date=2010-04-10}}</ref><br />
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==Types of brokers==<!-- New links in alphabetical order please --><br />
{{Div col|colwidth=22em}}<br />
* [[Automobile broker]]<br />
* [[Broker-dealer]]<br />
* [[Business broker]]<br />
* [[Shipping agency]]<br />
* [[Auto transport broker]]<br />
* [[Commodity broker]]<br />
* [[Corredor Público]]<br />
* [[Customs broker]]<br />
* [[Freight broker]]<br />
* [[Information broker]] (data broker)<br />
* [[Insurance broker]]<br />
* [[Intellectual property broker]]<br />
* [[Joint venture broker]]<br />
* [[List broker]]<br />
* [[Matchmaking]]<br />
* [[Message broker]]<br />
* [[Mortgage broker]]<br />
* [[Pawnbroker]]<br />
* [[Power broker (term)]]<br />
* [[Prime brokerage]]<br />
* [[Real estate broker]]<br />
* [[Shipbroking]]<br />
* [[Sponsorship broker]]<br />
* [[Stockbroker]]<br />
* [[Office broker]]<br />
* [[Yacht broker]]<br />
{{div col end}}<br />
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==References==<br />
{{Reflist}}<br />
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==Further reading==<br />
* Ronald S. Burt. 2004. "Structural Holes and Good Ideas". ''American Journal of Sociology'', Vol. 110, No. 2, pp. 349–399<br />
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==External links==<br />
* <br />
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{{Online brokerages}}<br />
{{Authority control}}<br />
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[[Category:Financial services occupations]]</div>Ajay Kumar