Broker - sustany/dvg GitHub Wiki

A broker is defined as a�person�or�entity�that arranges�contracts�and acts as an intermediary between a buyer and�seller�for a�commission. A broker is an independent party to a transaction and should not be confused with an�agent�who acts on behalf of a principal party in a deal. There are many types of brokers, and they appear in several different industries. For example, broker-dealer for trading�securities, customs broker,�real estate broker, insurance broker,�mortgage broker�etc.

Additionally, brokers in many fields are regulated and licensed by each state and have a�fiduciary duty�to act in the best interests of their customers or clients. Brokerage firms are also generally subject to regulations based on the type of brokerage and�jurisdiction.