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Finance Dictionary and Glossary of Investment Terms
Broker
Definition 1.
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.
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Definition 2.
1. An individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor.2. The role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.3. A licensed real estate professional who typically represents the seller of a property. A broker's duties may include: determining market values, advertising properties for sale, showing properties to prospective buyers, and advising clients with regard to offers and related matters.
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Definition 3.
An individual or firm which acts as an intermediary between a buyer and seller, usually charging a commission. For securities and most other products, a license is required.
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Definition 4.
An individual or firm who acts as an intermediary between a buyer and seller, usually charging a commission. (See dealer)
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