Broker facts for kids

Kids Encyclopedia Facts

A broker is a middleman who brings others together to bargain, or bargains for them.

A broker is someone who helps arranges transactions between two parties.

The broker is sometimes a mediator between a buyer and a seller. The broker sometimes gets a commission when the deal is completed.

A broker who also acts as a seller or as a buyer becomes a principal party to the deal.

A broker is different than an agent: one who acts on behalf of a principal.

Types of brokers

  • Aircraft broker
  • Auto broker
  • Broker-dealer
  • Brokerage firm
  • Business broker
  • Commodity broker
  • Customs broker
  • Information broker
  • Insurance broker
  • Investment broker
  • Joint venture broker
  • Leasing broker
  • List broker
  • Marriage broker
  • Mortgage broker
  • Options broker
  • Power broker (term)
  • Prime broker
  • Real estate broker
  • Retail broker
  • Ship broker
  • Sponsorship broker
  • Stockbroker
  • Office broker
  • Serviced office broker

Broker Facts for Kids. Kiddle Encyclopedia.