Broker, Real Estate


 

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Broker, Real Estate

One who is licensed by the state to carry on the business of dealing in real estate. A broker may receive a commission for his or her part in bringing together a buyer and seller, landlord and tenant, or parties to an exchange.



Broker, Real Estate

Similar Matches

Broker loan rate

Broker loan rate

Related: Call money rate.


Real estate broker

Real estate broker

An intermediary who receives a commission for arranging and facilitating the sale of a property for a buyer or a seller.


Broker dealer

Broker dealer

Any person, other than a bank, engaged in the business of buying or selling securities on its own behalf or for others. See: Dealer.


Brokered CD

Brokered CD

A certificate of deposit issued by a bank or thrift institution bought by a brokerage firm in bulk for the purpose of reselling to brokerage customers. A broker CD features a higher interest rate, usually 1% higher, and is FDIC insured and do not usually have commissions.


Share broker

Share broker

A discount broker who charges per share traded, and reduces the per unit charge as the number of shares traded increases, as opposed to a dealer who charges a percentage of the dollar amount of the trade.


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