- The definition of a broker is a person who buys and sells things on behalf of others.
A person who you hire to buy stock for you on the stock exchange is an example of a broker.
- To broker is defined as to arrange or facilitate the arrangement of a deal.
If you act as a middleman between people selling a property and people buying a property, this is an example of when you broker the deal.
broker definition by Webster's New World
- a person who acts as an agent or intermediary in negotiating contracts, buying and selling, etc.
Origin: Middle English brokour ; from Anglo-Norman broceor ; from Old French brokier, brochier, to broach, tap; origin, originally sense “wine dealer”
- to act as a broker (for)
- to negotiate or bargain; specif., to influence the outcome of (a political convention) by negotiating, making secret agreements, etc.
broker definition by American Heritage Dictionary
- One that acts as an agent for others, as in negotiating contracts, purchases, or sales in return for a fee or commission.
- A stockbroker.
- A power broker.
Origin: 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.
broker - Business Definition
broker - Computer Definition
broker - Cultural Definition
A financial agent or intermediary; a middleman.
broker - Investment & Finance Definition
An individual or firm who acts as an intermediary between a buyer and seller. A broker usually charges a commission for services. A broker also may be a person who sells insurance products offered by different companies or someone who sells real estate.
- 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.
- See registered representative.
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 - Legal Definition