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.