Type in a career question:
salary_header

What is a Broker?

1 Answer(s)
Top Answer
Talent.com talent.com
Answered March 01 2021
Career Expert at Talent.com
A Broker is responsible for the professional selling of goods or assets on behalf of another person or company. Many companies require Brokers to be a part of a transaction and are commonly present for real estate, mortgage, finance, insurance, and food transactions, to name a few. A Broker is a broad term that is often narrowed down depending on the industry.   
   
Brokers are present across many industries. Their role is to arrange transactions between two parties, and as a result, they earn a commission on the transaction. The commission is a percentage of the overall transaction that the broker will receive. During substantial brokerage deals, commission percentages can reach up to 3% or more.  
     
Roles and responsibilities of a Broker
Brokers' responsibilities also include having a strong knowledge of their industry. For example, a Real Estate Broker should be aware of the real estate market and local laws, whereas a Stockbroker would require knowledge regarding trends in the market.  
 
Brokers should possess the tools and resources necessary to reach a wider audience and to screen buyers to help provide the best options available in their chosen industry.  
  
Brokers are required to abide by laws and regulations depending on their industry due to their participation as third-party members of real estate transactions. Some Brokers need to be certified and meet specific education requirements as the term is so broad and varies across fields.
Related Jobs
Senior Associate, Center for Audit Solutions, Broker - Dealer (Regulatory) COE (Remote Opportunity)
Ashburn, VA
KPMG-UnitedStates
Commercial Insurance Broker Team Support Coordinator (hybrid or remote)
Reston, VA, US
NFP
Property & Casualty Claims Representative – Broker/Retail Agency – REMOTE
Washington, DC, US
Work At Home Vintage Experts
Suitability Analyst Broker/Dealer - REMOTE from any US based location in central or eastern time zones
Philadelphia, Pennsylvania
CNO Financial Group
Executive Risk and Cyber Broker
Remote - Ohio (Central Ohio Region)
Huntington National Bank
Regional Vice President, Broker Dealer Channel - External Wholesaler N. NJ/NY Metro.
Remote, NJ
Athene Holding Ltd
Senior IT Auditor - Broker Dealer or Corporate (Remote Available)
Jersey City,New Jersey,United States
Charles Schwab
Senior Associate, Center for Audit Solutions, Broker - Dealer (Regulatory) COE (Remote Opportunity)
Ashburn, VA
KPMG-UnitedStates
Commercial Insurance Broker Team Support Coordinator (hybrid or remote)
Reston, VA, US
NFP
Property & Casualty Claims Representative – Broker/Retail Agency – REMOTE
Washington, DC, US
Work At Home Vintage Experts
Compliance Officer – Brokers-Dealers (Remote)
United States of America
Interactive Brokers
Suitability Analyst Broker/Dealer - REMOTE from any US based location in central or eastern time zones
Philadelphia, Pennsylvania
CNO Financial Group
Executive Risk and Cyber Broker
Remote - Ohio (Central Ohio Region)
Huntington National Bank
Regional Vice President, Broker Dealer Channel - External Wholesaler N. NJ/NY Metro.
Remote, NJ
Athene Holding Ltd
Easteregg!