- broker
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bro·ker /'brō-kər/ n: an agent who negotiates contracts of sale (as of real estate or securities) or other agreements (as insurance contracts or mortgages) between the parties for a fee or commission compare dealer, finder◇ An insurance broker differs from an insurance agent in that a broker is usu. considered an agent of the insured, even though he or she may receive a commission from an insurance company. A broker may sell the products of a number of insurers, and an insurer has no liability for a broker's wrongful actions (as misrepresentation or fraud). A securities broker often acts also as a dealer and so is often referred to as a broker-dealer.
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- broker
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I
noun
agent, bargaining agent, commission agent, commission merchant, customers' man, dealer, deputy, factor, go-between, intermediary, intermedium, internuncio, interpres, link, matchmaker, mediator, medium, middleman, monger, negotiant, negotiator, realtor, regrater, representative, trader
associated concepts: brokerage, broker's commission, exchange broker, insurance broker, merchandise broker, note-broker, pawnbroker, real estate broker, stockbroker
II
index
dealer, deputy, factor (commission merchant), interagent, medium, plenipotentiary, proctor, procurator, proxy, representative (proxy), spokesman
Burton's Legal Thesaurus. William C. Burton. 2006
- broker
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n.A person who brings parties together to negotiate transactions between them in return for a commission or other compensation; a middleman.v.To negotiate a deal between parties.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- broker
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A person or entity that arranges contracts (for real estate, insurance, stocks, and the like) between a buyer and seller for a commission. Brokers in many fields are regulated and licensed by each state and have a fiduciary duty to act in the best interests of their customers or clients.Category: Business, LLCs & CorporationsCategory: Personal Finance & RetirementCategory: Real Estate & Rental PropertyCategory: Wills, Trusts & Estates
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- broker
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In the context of insurance, a marketing specialist who represents buyers of property and liability insurance who deals with either agents or companies in arranging for the coverage required by the customer.+ brokerUSAAny person engaged in the business of effecting transactions in securities for the account of others in exchange for a fee or commission (Section 3(a)(4)(A), Exchange Act). A broker acts as an agent only for someone else, buying and selling securities on a securities exchange for a commission.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
- broker
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n. A person or entity who, for a commission or a fee, brings together buyers and sellers of property or services and, while acting as the agent of one or both of the parties, helps them negotiate contracts.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
- broker
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An individual or firm employed by others to plan and organize sales or negotiate contracts for a commission.
Dictionary from West's Encyclopedia of American Law. 2005.
- broker
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An individual or firm employed by others to plan and organize sales or negotiate contracts for a commission.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
- broker
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n.in general, a person who arranges contracts between a buyer and seller for a commission (a percentage of the sales price). These include real estate brokers (who have responsibility over an agency and its sales agents as well as their own conduct), insurance brokers (handling more than one company rather than being an agent for just a single carrier), and stockbrokers, who are the upper-level of stock salespersons and/or the operators of brokerage houses. Brokers in the more technical fields (as above) are regulated and licensed by each state and have a "fiduciary" duty to act in the best interests of the customer. Consumers should investigate whether the broker is representing the customer's best interest or just wants to make a sale. A "pawnbroker" is a lender for items left for security ("hocked") at high rates.
Law dictionary. EdwART. 2013.
