Broker Meaning
Broker Definition & Usage
A person or firm that acts as an intermediary between buyers and sellers, typically charging a fee or commission for their services.
Examples
- "The broker facilitated the sale of the property for a 5% commission."
- "She contacted a stockbroker to help manage her investments."
- "Real estate brokers often work with both sellers and buyers to negotiate the best deal."
- "Many people turn to brokers for financial advice when they don’t have the expertise themselves."
- "Insurance brokers connect clients with the best policies to suit their needs."
To act as an intermediary, facilitating a transaction between two parties, especially in financial or real estate deals.
Examples
- "The company brokered a deal between the two technology firms."
- "She helped broker the agreement to merge the two companies."
- "He brokered the sale of a multi-million dollar property last year."
- "They used a third party to broker the negotiation of the business deal."
- "The firm brokered the investment by finding suitable buyers for the shares."
Cultural Context
The word 'broker' comes from the Old French word 'brocour,' meaning 'a middleman.' Brokers have been integral to commerce for centuries, facilitating trade and investment deals. In modern business contexts, brokers are typically associated with stock markets, real estate transactions, and insurance industries.
The Broker's Negotiation
Story
The Broker's Negotiation
Tom, a seasoned real estate broker, had just finished his morning coffee when the phone rang. On the other end was Janet, a client looking to sell her luxury home in the city. Janet had tried selling it herself but found the process overwhelming. Tom had brokered several deals in the area and was confident he could secure a high price for the property. After a few discussions and site visits, Tom brokered an agreement between Janet and a potential buyer. It wasn’t easy—he had to use his negotiation skills to make sure both parties felt they were getting a fair deal. By the end of the week, the deal was sealed. Janet was thrilled with the sale price, and the buyer was satisfied with the investment. As a broker, Tom had earned his commission, but more importantly, he had built trust with both sides. His ability to broker deals effectively had made him a go-to expert in the industry, and it was his reputation that kept his phone ringing.
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