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broker
broker
A Dictionary of Business and Management
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2006
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© A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information)
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broker An agent who brings two parties together, enabling them to enter into a contract to which the broker is not a principal. The broker's remuneration consists of a
brokerage, usually calculated as a percentage of the sum involved in the contract but sometimes fixed by a tariff. Brokers are used because they have specialized knowledge of certain markets or to conceal the identity of a principal, in addition to introducing buyers to sellers. See
aviation broker;
bill broker;
commodity broker;
insurance broker;
shipbroker;
stockbroker.
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Brokers Should Disclose Contingency-Fee Deals
Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management; 6/1/1998; 700+ words
; ...largest global brokers. When a mega-broker acts purely as...are with their broker's relationship...speaking, individual brokers and clients will...payment to the broker. Other arrangements...when insurers pay brokers for placing a certain...
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Brokers to go broke?(diamond brokers and Israel's Central Selling Organization)
Magazine article from: Israel Business Today; 5/19/1996; 700+ words
; ...always existed. Brokers get no protection from the CSO as, if a broker switch is effected...appreciated by the brokers themselves. "The CSO broker fulfills a function...CSO," said one broker. Today, there are six brokers worldwide -- W...
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Brokers see change, but also more of same. (insurance brokers)(Spotlight Report: 25th Annual Agent/Broker Profiles Issue)(Industry Overview)
Magazine article from: Business Insurance; 7/22/1996; ; 700+ words
; ...topped all other U.S. brokers. A broker with that much in revenue...revenues for one of those two brokers, Alexander & Alexander...slid only because the broker sold some operations. Among all 240 brokers listed in this year's...
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Brokers Should Disclose Contingency-Fee Deals.
Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management; 6/1/1998; 700+ words
; ...largest global brokers. When a mega-broker acts purely as...are with their broker's relationship...speaking, individual brokers and clients will...payment to the broker. Other arrangements...when insurers pay brokers for placing a certain...
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Prime Brokers Warm to Multiplicity
Newspaper article from: Daily News; 8/2/2007; ; 700+ words
; ...look to add prime brokers as they grow...or third prime broker, it's difficult...their first prime broker's technology...dozen prime brokers. In the past, some prime brokers have offered...the main prime broker's platform...
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Brokers pile into the middle market: for brokers, there are hundreds of millions of dollars at stake in the middle market, and even more money to be made by poaching from one another.(RISK & INSURANCE: INDUSTRY RISK REPORT: MIDDLE MARKET)(Company overview)
Magazine article from: Risk & Insurance; 8/1/2007; ; 700+ words
; ...firm. No individual broker holds more than 5 percent...market. Indeed, smaller brokers and agents own more than...of service from their brokers. Greenwich interviewed...they receive from the broker as "excellent." "Today the biggest brokers are in a far better position...
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Brokers Take Seat National Association of Mortgage Brokers annual convention in Seattle presented tle by Storm: The 2007 attendees with informative sessions, new product introductions and some key announcements about the future of the industry. The following is a roundup of coverage provided by SourceMedia Mortgage Group reporters.
Magazine article from: Broker Magazine; 8/1/2007; ; 700+ words
; ...Association of Mortgage Broker said at the group...like the majority of brokers, I run an honest...dramatically expand brokers' market share...is an approved FHA broker or just thinking...differences are between a broker and correspondent relationship and why brokers should check ...
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Brokers warm to back-office outsourcing.
Newspaper article from: Financial News; 10/12/2003; 700+ words
; ...for institutional broker-dealers to outsource...sharing services, the brokers benefit from variable...more sophisticated brokers, which are typically...sized regional broker-dealers. Bank...possibility is that a large broker-dealer will offer...reasonable doubts whether brokers will ...
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National Brokers Represent the Greatest Threat to Commercial Brokers in the Second Half of 2007.
M2 Presswire; 10/23/2007; 700+ words
; ...Organic growth remains a key strategy for brokers, although broker acquisitions remain popular Brokers are...insurers Over a third of brokers are part of a broker network Many brokers joined a broker network to gain access to a larger panel...
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Brokers Take Seattle by Storm: The 2007 National Association of Mortgage Brokers annual convention in Seattle presented attendees with informative sessions, new product introductions and some key announcements about the future of the industry. The following is a roundup of coverage provided by SourceMedia Mortgage Group reporters.
News Wire article from: Mortgage Line; 8/17/2007; ; 700+ words
; ...Association of Mortgage Broker said at the group...like the majority of brokers, I run an honest...dramatically expand brokers' market share...is an approved FHA broker or just thinking...differences are between a broker and correspondent relationship and why brokers should check ...
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Broker
Encyclopedia entry from: West's Encyclopedia of American Law
...transactions involving brokers. The client is considered...principal and the broker acts as the client...those of ordinary brokers. Regulation and...or occupation of a broker may be regulated...ordinarily considered a broker. It has been held...statute requiring brokers to obtain a ...
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Information Brokers
Encyclopedia entry from: Encyclopedia of Small Business
...to, and how long the broker has been in business...themselves information brokers or specialists, but...Relatively new information broker businesses may be perfectly...services of a private broker who can take advantage...Stephanie C. "Information Brokers and Cyberstalking...
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broker
Book article from: The Columbia Encyclopedia, Sixth Edition
...conclusion of the deal. The broker neither possesses the...the goods procured; brokers take no market risks...to anything else. A broker earns a commission...satisfactorily executed. The broker is paid by the party...other salespeople act as brokers at times. Brokers are...
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Business Brokers
Encyclopedia entry from: Encyclopedia of Small Business
...buyers. Qualified brokers have access to people...business owners. The broker may also be able...also benefits. A broker may be able to find...Moreover, good business brokers will not accept overpriced...sellers, business brokers can provide help...addition, it is the broker's duty ...
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SIC 6163 Loan Brokers
Encyclopedia entry from: Encyclopedia of American Industries
...However, some brokers facilitate the buying...secondary market. A broker, by definition...types of mortgage brokers are retail and wholesale. A retail broker, or third party...pay a fee to the broker for rejected applications...Wholesale mortgage brokers represent a smaller...
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