[broh-ker] 
| 1. | an agent who buys or sells for a principal on a commission basis without having title to the property. |
| 2. | a person who functions as an intermediary between two or more parties in negotiating agreements, bargains, or the like. |
| 3. | stockbroker. |
| 4. | to act as a broker for: to broker the sale of a house. |
| 5. | to act as a broker. |
[brohk] | 6. | Papermaking. paper unfit for sale; paper that is to be repulped. |
| 7. | brokes, wool of poor quality taken from the neck and belly of sheep. |
| 8. | go broke,
|
| 9. | go for broke, to exert oneself or employ one's resources to the utmost. |
[stok-broh-ker] | a broker, esp. one employed by a member firm of a stock exchange, who buys and sells stocks and other securities for customers. |
| bro·ker (brō'kər) n.
To arrange or manage as a broker: broker an agreement among opposing factions. [Middle English, from Anglo-Norman brocour, abrocour; akin to Spanish alboroque, ceremonial gift at conclusion of business deal, from Arabic al-barka, the blessing, colloquial variant of al-baraka : al-, the + baraka, blessing, divine favor (from bāraka, to bless; see brk in Semitic roots).] Word History: Giving gifts to one's broker might be justifiable from an etymological point of view because the word broker may be connected through its Anglo-Norman source, brocour, abrocour, with Spanish alboroque, meaning "ceremony or ceremonial gift after the conclusion of a business deal." If this connection does exist, "business deal" is the notion shared by the Spanish and Anglo-Norman words because brocour referred to the middleman in transactions. The English word broker is first found in Middle English in 1355, several centuries before we find instances of its familiar compounds pawnbroker, first recorded in 1687, and stockbroker, first recorded in 1706. |
A financial agent or intermediary; a middleman.
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 Commentary
Traditionally, only the wealthy could afford a broker and access the stock market. The Internet triggered an explosion of discount brokers brokers that let you trade at a smaller fee, but don't provide personalized advice. Because of discount brokers, almost anybody can afford to invest in the market.
Related Links
Brokers and Online Trading
Tips For Resolving Disputes With Your Financial Advisor
Shopping For A Financial Advisor
See also: Agent, Analyst, Broker-Dealer, Churning, Cold Calling, Contra Broker, Dealer, Dialing and Smiling, Discount Broker, Front Running, Full Service Broker, Market Maker, Principal, Registered Investment Advisor (RIA)
broker
An individual or a firm that brings together buyers and sellers but does not take a position in the asset to be exchanged. Some observers believe a broker provides an unbiased opinion on a security since there is little self-interest involved in the transaction. Compare dealer.
What should I look for in a broker? When interviewing prospective brokers, you should look for one with a clean NASD record, great referrals, and stability in his or her business. In addition, he or she should not be transaction oriented but should instead be concerned about your values and goals and be willing to realize that the best trade may be no trade. In summary, you should look for a financial advisor rather than just a broker. George Riles, First Vice President and Resident Manager, Merrill Lynch, Albany, GA |
broker
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