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An intermediary in transactions.

Business Glossary provided by
Brokers are professionals who act as intermediaries between buyers and sellers to facilitate transactions, typically in the financial markets or real estate. They do not own the asset being traded but work to bring parties together and execute transactions. For their services, brokers charge commissions or fees. In financial markets, stockbrokers may provide investment advice and manage portfolios. Real estate brokers help clients buy, sell, or rent properties. The term can also extend to other areas, such as insurance or commodities trading. Brokers must often be licensed to operate, depending on the regulations of the industry and jurisdiction in which they work.
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