Brokers: meaning, definitions and examples
๐ผ
brokers
[หbrษสkษrz ]
Definitions
financial services
Brokers are individuals or firms that are licensed to buy and sell stocks, bonds, or other securities on behalf of investors. They earn a commission for each transaction they execute. Brokers play a crucial role in facilitating trades in the financial markets.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| brokers |
Used in financial markets to refer to professionals who facilitate the buying and selling of assets like stocks, bonds, or real estate. They act as intermediaries between buyers and sellers.
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| agents |
Often used in a broader sense than 'brokers.' Agents can represent clients in a variety of transactions, not limited to financial markets. This term is commonly used in real estate, insurance, and entertainment industries.
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| dealers |
Generally used within the context of retail and wholesale trade, automobile sales, and sometimes financial markets. Dealers often take ownership of the goods they sell and may hold inventory.
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| traders |
Used mainly to refer to individuals who buy and sell financial instruments like stocks, bonds, commodities, and currencies for their own account or for their company's account. Can also be used more generally in the context of commerce.
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Examples of usage
- Many investors rely on brokers to help them make informed decisions about their investments.
- Brokerage firms often provide research and analysis to their clients to assist them in choosing the right investments.
real estate
In the real estate industry, brokers act as intermediaries between buyers and sellers of properties. They help negotiate deals and ensure that all legal requirements are met. Real estate brokers typically earn a commission based on the sale price of a property.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| brokers |
Used when talking about professionals who arrange transactions between buyers and sellers for a commission, often in financial markets such as stocks, commodities, or insurance.
|
| agents |
Refers to representatives who act on behalf of others in various dealings or negotiations, often in entertainment, sports, or real estate. The term 'agents' is broad and can apply to many different fields.
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| realtors |
Specifically refers to licensed professionals who assist clients in buying, selling, or renting properties. This term is most commonly used in the real estate industry.
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| mediators |
Describes individuals who act as neutral third parties to help resolve conflicts or disputes between two or more parties. Often used in legal, business, or interpersonal contexts.
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Examples of usage
- The broker showed us several houses that met our criteria and helped us navigate the purchasing process.
- Working with a reputable real estate broker can make buying or selling a property much smoother.
Interesting Facts
Etymology
- The term 'broker' comes from the Old French word 'broceur,' meaning 'a small trader or dealer.'
- It was first used in English during the 15th century to refer to a person who arranges transactions between buyers and sellers.
- Over time, its meaning expanded to encompass various industries, including finance, insurance, and real estate.
Financial Systems
- Brokers play a crucial role in financial markets, acting as intermediaries between buyers and sellers.
- They often earn a commission for their services, which can influence how they advise their clients.
- There are different types of brokers, including full-service brokers who provide a range of services, and discount brokers who focus on trading.
Pop Culture
- In movies and TV shows, brokers are often depicted in fast-paced environments, highlighting the intensity of financial trading.
- Famous films like 'The Wolf of Wall Street' and 'Margin Call' portray the high-stakes world of stock brokerage.
- The character of Gordon Gekko from 'Wall Street' is iconic for his infamous line, 'Greed is good,' emphasizing the ruthless nature of some brokers.
Psychology
- The profession often involves understanding human behavior, as brokers must be skilled in negotiation and persuasion.
- Brokers sometimes face high levels of stress due to market volatility and client expectations.
- Their relationship with clients is crucial, as trust and communication can significantly influence client satisfaction and retention.
Regulatory Aspects
- Brokers are regulated in many countries to ensure fair trading practices and protect investors.
- In the United States, brokers must obtain licenses and adhere to regulations set by organizations like the SEC (Securities and Exchange Commission).
- Compliance with these regulations helps maintain market integrity and build public confidence in financial systems.
Translations
Translations of the word "brokers" in other languages:
๐ต๐น corretores
๐ฎ๐ณ เคฆเคฒเคพเคฒเฅเค
๐ฉ๐ช Makler
๐ฎ๐ฉ broker
๐บ๐ฆ ะฑัะพะบะตัะธ
๐ต๐ฑ brokerzy
๐ฏ๐ต ใใญใผใซใผ
๐ซ๐ท courtiers
๐ช๐ธ corredores
๐น๐ท komisyoncular
๐ฐ๐ท ์ค๊ฐ์ธ๋ค
๐ธ๐ฆ ุงููุณุทุงุก
๐จ๐ฟ maklรฉลi
๐ธ๐ฐ maklรฉri
๐จ๐ณ ็ป็บชไบบ
๐ธ๐ฎ posredniki
๐ฎ๐ธ miรฐlarar
๐ฐ๐ฟ ะดะตะปะดะฐะปะดะฐั
๐ฌ๐ช แแ แแแแ แแแ
๐ฆ๐ฟ brokerlษr
๐ฒ๐ฝ corredores