Glossary
Terms & Glossaries of Shipping and Trading
Broker
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed.
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. It is a mediator between the buyer and the seller and who receives a payment in the form of a commission. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. The main function of a broker is to solve a client's problem for a fee.
