Broker

Broker

A broker is a third party facilitator who brings buyers and sellers together. Brokers can either sell or buy assests for individuals or businesses.

More often than not, brokers sell rather than buy. A broker receives payment or commission when the asset has been sold or purchased. The main goal of a broker is to be the third party implementer who brings sellers and buyers together.  Some advantages of using brokers include their better understanding of the market, the connections they bring, and their ability to reach a larger span of buyers. There are over thirty different types of brokers, so when hiring a broker it is best to do research on their individual qualifications.

Have something to add? Let us know.

Leave a Comment

Your email address will not be published. Required fields are marked *

*