What is the difference between a broker, a brokerage and a stockbroker?

Business Investments

Question:

Broker:

A Broker is a company or an individual that plays the role of an intermediator between buyers and sellers. Brokers are mainly found in markets where there is a lot of financial transactions and also found in the real estate market and commodities market. Brokers mostly get a commission from a portion of the customer's purchase although sometimes they are paid a flat fee of the transaction.

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What is the difference between a broker, a brokerage and a stockbroker? | Homework.Study.com (2024)