Broker Meaning: Definition, Examples, and Translations
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broker
[ˈbrəʊkər ]
Definitions
finance
A person or firm that acts as an intermediary between a buyer and seller, usually for a commission. Brokers can facilitate transactions in various markets such as real estate, stocks, and insurance.
Synonyms
agent, intermediary, middleman.
Examples of usage
- He worked as a broker in the stock market.
- The broker helped us find the perfect house.
- She contacted a broker to help her with her insurance needs.
finance
To arrange or negotiate transactions as a broker. It involves connecting buyers and sellers and overseeing the deal-making process.
Synonyms
facilitate, mediate, negotiate.
Examples of usage
- He brokered a deal between the two companies.
- They brokered the sale of the property successfully.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Economics
- Brokers play a crucial role in financial markets, acting as intermediaries between buyers and sellers to facilitate trades and negotiate deals.
- They often earn a commission or fee for their services, which can vary depending on the market and type of goods involved.
- In recent times, the rise of online trading platforms has allowed individuals to act as brokers themselves, reducing the need for traditional brokers.
Pop Culture
- Brokers are frequently depicted in movies and TV shows as high-stakes negotiators, portraying both the glamour and the risks of trading.
- Popular TV dramas often focus on stock market brokers, highlighting their fast-paced lifestyle and the pressure to succeed.
- The character of the stockbroker is often associated with greed, ambition, and sometimes moral dilemmas, as seen in films like 'Wall Street'.
Legal Framework
- Brokers are often required to be licensed in their respective fields (e.g., real estate, stock trading) to ensure compliance with industry regulations.
- Different countries have various laws that govern broker conduct and protect consumer interests, reflecting the importance of trust in broker relations.
- Disclosures about fees, potential conflicts of interest, and the risks involved in transactions are essential components of a broker's responsibilities.
Origin of 'broker'
Main points about word origin
- The word has roots in the Old French term 'brocour', which means 'one who breaks' or 'to break', referring to breaking deals or relationships.
- In its earliest usage, it was associated with a trader or dealer, especially in goods or commodities.
- The term evolved in England during the 16th century, where it referred to a person managing trades on behalf of others.
The word 'broker' originated from Middle English 'brocour', which came from Anglo-French 'brocour', meaning 'small trader'. The term has evolved over time to refer to a person or firm that acts as an intermediary in various transactions, particularly in the financial and real estate markets.
See also: brokers.