Brokered: meaning, definitions and examples
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brokered
[ˈbroʊkərd ]
Definition
business dealings
The term 'brokered' refers to the act of negotiating or arranging a transaction or agreement between two or more parties, often involving a mediator or broker who facilitates the deal. This process is common in various industries, including real estate, finance, and legal services. When a deal is brokered, it implies that the involved parties have reached a mutual agreement, often as a result of negotiations led by the broker. Typically, the broker earns a fee or commission for their services in successfully connecting buyers with sellers.
Synonyms
arranged, mediated, negotiated.
Examples of usage
- The agent brokered a deal between the two companies.
- She brokered an agreement to resolve the conflict.
- The deal was brokered after hours of negotiations.
Interesting Facts
Etymology
- The word comes from the Old English 'brocian', meaning to arrange or to deal.
- In the financial world, 'broker' has evolved to specifically refer to someone who buys and sells assets for clients.
Business
- Brokerage firms serve as intermediaries in various markets, including real estate, finance, and insurance.
- In negotiations, brokers can help resolve conflicts and find common ground, making deals smoother and faster.
Cultural Impact
- In movies and TV shows, brokers are often portrayed as charming characters who know how to work the system.
- The dramatic rise and fall of stock market brokers during the 2008 financial crisis led to a public re-evaluation of the role.
Legal Aspects
- Some industries require brokers to have licenses to ensure ethical practices and protect clients.
- Broker contracts can define the terms of service, including commissions and responsibilities, reflecting the trust placed in them.
Technology
- Financial technology has transformed the brokerage industry, integrating online platforms that allow for trading with minimal fees.
- Robo-advisors are automated platforms that broker investments without human intervention, making investing accessible to more people.
Translations
Translations of the word "brokered" in other languages:
🇵🇹 intermediado
🇮🇳 दलाल द्वारा किया गया
🇩🇪 vermittelt
🇮🇩 diperantara
🇺🇦 посередницький
🇵🇱 pośredniczony
🇯🇵 仲介された
🇫🇷 intermédié
🇪🇸 intermediado
🇹🇷 aracılık edilmiş
🇰🇷 중개된
🇸🇦 تم التوسط فيه
🇨🇿 zprostředkovaný
🇸🇰 zprostredkovaný
🇨🇳 通过中介达成的
🇸🇮 posredovan
🇮🇸 milligenginn
🇰🇿 делдал арқылы жасалған
🇬🇪 დამატებითი
🇦🇿 aracılıq edilmiş
🇲🇽 intermediado