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Jan 13 2020

Insurance broker houston ~ Video

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Insurance broker houston

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Definition of broker

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Examples of broker in a Sentence

Recent Examples on the Web

The Palestinians have rejected the U.S. as peace broker following Trump’s recognition of Jerusalem as Israel’s capital and his moving the embassy there. — Fox News, “Palestinian president lashes out at US over Gaza situation,” 15 Aug. 2018 According to broker Anderson Commercial Group’s website, the property, at W147 S6800 Durham Place, is listed for $995,000. — Steven Martinez, Milwaukee Journal Sentinel, “After nearly 100 years, students, staff say goodbye to Tess Corners Elementary in Muskego,” 4 June 2018 What standard should apply to brokers who advise their clients on what to buy? — Bloomberg.com, “In Whose Interest Is SEC ‘Best Interest’ Broker Rule?,” 27 Apr. 2018 Holmgren said the seats were sold by the Flyers to brokers, who apparently couldn’t sell the tickets. — Sam Carchidi, Philly.com, “Paul Holmgren: Flyers GM Ron Hextall will have ‘free rein’ in free agency,” 24 Apr. 2018 The firm has grown to 35 brokers with the additions of director Stephen Hazen and associates Mason Alsbrooks, Drew Aston, Justin Cole, Feysal Edris, Jeff Kuper and Brandon Wuntch. — Katherine Feser, Houston Chronicle, “Lee & Associates expands brokerage team,” 19 Feb. 2018 Back at home, the billion-dollar price tag has caused an uproar among Beverly Hills brokers. — Alex Bhattacharji, Town & Country, “An Empty Lot Above Beverly Hills Is the Most Expensive Real Estate in the World,” 17 Jan. 2019 The timing of this is also odd: The US is currently attempting to broker talks between the Afghan government, which the US backs, and the Taliban. — Jen Kirby, Vox, “Trump will reportedly remove 7,000 troops from Afghanistan,” 21 Dec. 2018 According to his congressional website, the former real-estate broker is the owner of Billy Long Auctions in Springfield. — Emily Stewart, Vox, “Alt-right protester interrupts Dorsey hearing. Auctioneer-turned-congressman drones her out.,” 5 Sep. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word ‘broker.’ Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of broker

14th century, in the meaning defined at sense 1

History and Etymology for broker

Middle English, negotiator, from Anglo-French brocour

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The first known use of broker was in the 14th century

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Financial Definition of broker

A broker is a person or a company that acts as an intermediary between buyers and sellers. Brokers exist not just in the financial markets, but in the real estate market, the commodities market, the art market — even the boat market.

Brokers are often paid a commission, which is a percentage of the customer’s purchase or sale price, though some receive a flat fee per transaction or a mix of the two.

There are many types of brokers in the financial world. For example, a commodities broker specializes in trading commodities, a floor broker handles orders on the floor of a stock or commodities exchange and a full-service broker offers brokerage services and sells other financial products such as insurance, tax planning or research conducted by other members of the brokerage firm. A discount broker essentially executes trades on behalf of customers and does little else. Brokers are not the same as research analysts, who analyze and make recommendations about certain stocks.

In the financial world, brokers must have Series 7 and Series 63 licenses; other licenses are often required for specific types of brokers. For example, some brokers must also obtain a Series 3 license if they want to trade certain financial products such as futures and commodities. To obtain a Series 7 license, the applicant must pass the Series 7 exam (also called the Qualification Examination for General Securities Representative), which primarily covers the seven critical functions performed by registered representatives: seek business for the broker/dealer, evaluate customer needs and objectives, advise clients, manage customer accounts and account records, explain the securities markets and the factors that affect them, execute orders for clients and monitor client portfolios. The National Association of Securities Dealers administers the test.

Brokers are some of the most important people in any market because they bring buyers and sellers together and thus create liquidity and efficiency in the market.

However, investors should remember that broker commissions eat into returns, so investors should shop for a broker that provides an appropriate level of service. For instance, the extra cost of a full-service broker may be worth it for people who don’t have the knowledge or inclination to stay on top of complicated investing or financial planning. Likewise, new investors or those with complex portfolios might find more comfort in full-service brokers. Investors who hold their investments for a long time are usually less bothered by higher trading commissions because they don’t trade that often.

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SOURCE: http://www.merriam-webster.com/dictionary/broker

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