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    4. Why is a person that handles your money called a 'Broker'?
    Why is a person that handles your money called a 'Broker'?

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    0  Views: 597 Answers: 2 Posted: 13 years ago
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      Because they act only as a representative of a buyer or a seller of something, they never take "Possession" of the "Equity" or "Product."


      They get paid a commission for finding someone for the other side of the transaction and completing the deal.


       


       


       


       


       

      13 years ago. Rating: 1
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        From Wikipedia, the free encyclopedia.


        The word "broker" derives from Anglo-Normandian brocour "small trader," of uncertain origin, but possibly from Old French brocheor "wine retailer," which comes from the verb brochier "to broach (a keg)."


        A broker is an individual or party (brokerage firm) that arranges transactions between a buyer and a seller.

        13 years ago. Rating: 0
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