Broker
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. Investopedia Says:
Traditionally, only the wealthy could afford a broker and access the stock market. The internet triggered an explosion of discount brokers, which allow investors to trade at a lower cost, but don't provide personalized advice. Because of discount brokers, almost anybody can afford to invest in the market. Related Terms:
Broker-Dealer
Broker-Reseller
Churning
Cold Calling
Contra Broker
Dealer
Dialing and Smiling
Discount Broker
Front Running
Full Service Broker
Market Maker
Payment For Order Flow
Principal
Registered Investment Advisor (RIA) |