A brokerage is a firm that acts as an intermediary between a purchaser
and a seller. More
commonly, a brokerage is referred to as a brokerage firm. To broker a
deal is to
communicate with both the buyer and seller as to acceptable price on
anything sold or
purchased.
A broker, a single person, or the brokerage firm completes any
necessary legal paperwork,
obtains the appropriate signatures, and collects money from the
purchaser to give to the
seller. Since the buyer and seller are employing the brokerage to
complete the deal, the
brokerage may collect a portion of the money obtained. In some cases, a
brokerage receives
money from both parties. In others, the brokerage receives a
commission only from the
seller.
Brokerage firms are most commonly thought of in relationship to the
sale and purchase of
stock shares. Fees are variable, depending on the degree to which the
brokerage is involved
in decisions about purchase. Some stockowners give their brokers power
of attorney to make
decisions about when to buy or sell stock and depend upon their brokers
for researching
new stock for purchase. This type of brokerage firm usually assesses a
fairly large fee, and
regardless of whether the owner loses or earns money, the firm is paid.
Other brokerage firms are employed by people who like to do their own
research and make
all their own decisions about what and when to buy and sell. These firms
have a tendency to
charge per transaction and can be quite reasonable to employ. In the
past few years, several
brokerage firms have begun stock trading on the Internet, allowing their
clients access to
information that will help them carefully research their decisions. These
companies are not a
sound economical choice for clients who do not do adequate research or
cannot consistently
read up on their stocks. Extensive involvement by the stockowner is
necessary to hopefully
make the best deals.
In other areas of business, brokerage firms may be employed to acquire
and sell real estate.
Brokerages exist to acquire art or antiquities. Also, restaurants and other
service companies
may use brokerage firms to obtain meat and produce, restaurant
supplies, or furniture.
Sometimes, employing a broker in this last sense is not initially
expensive to the purchaser,
because the broker receives a fee from the companies used by their
clients. However, the
price of merchandise obtained through a broker generally has a mark-
up that makes up for
this lack of commission.
Brokerage firms can be helpful because they save their clients, whether
buying or selling,
time. Not everyone has time to look at 40 real estate properties before
purchasing. Not every
restaurant manager wants to interview a slew of potential food supply
companies before
selecting one.
For those who are cost conscious, however, employing a brokerage firm
may mean added
expense. Buyers and sellers who come to an arrangement between each
other “cut out the
middle man,” and are thus able to save money. On the other hand,
employing a reputable
brokerage firm generally means that the firm assumes liability for the
seller’s claims. Should
any portion of a sale be conducted illegally, the brokerage firm must
often compensate the
purchaser and take legal action against the seller.
-I copy and pasted this to save time and get everyone on the same page
as to what i'm
trying to explain.
The people who wanted to pool could still pool,with a few easy tweaks.
People could still use the board and gain a great deal of protective
services in this incredible
risky world.
And people who wanted to go it alone,could.
It would could be a more privately functioning entity,to contain
government miss
management.
It could expand into anything and everything,the sky the limit,example
oil and coal.
A commission of 1% on 5 billion dollars in grain deals is 50 million
dollars.
and a seller. More
commonly, a brokerage is referred to as a brokerage firm. To broker a
deal is to
communicate with both the buyer and seller as to acceptable price on
anything sold or
purchased.
A broker, a single person, or the brokerage firm completes any
necessary legal paperwork,
obtains the appropriate signatures, and collects money from the
purchaser to give to the
seller. Since the buyer and seller are employing the brokerage to
complete the deal, the
brokerage may collect a portion of the money obtained. In some cases, a
brokerage receives
money from both parties. In others, the brokerage receives a
commission only from the
seller.
Brokerage firms are most commonly thought of in relationship to the
sale and purchase of
stock shares. Fees are variable, depending on the degree to which the
brokerage is involved
in decisions about purchase. Some stockowners give their brokers power
of attorney to make
decisions about when to buy or sell stock and depend upon their brokers
for researching
new stock for purchase. This type of brokerage firm usually assesses a
fairly large fee, and
regardless of whether the owner loses or earns money, the firm is paid.
Other brokerage firms are employed by people who like to do their own
research and make
all their own decisions about what and when to buy and sell. These firms
have a tendency to
charge per transaction and can be quite reasonable to employ. In the
past few years, several
brokerage firms have begun stock trading on the Internet, allowing their
clients access to
information that will help them carefully research their decisions. These
companies are not a
sound economical choice for clients who do not do adequate research or
cannot consistently
read up on their stocks. Extensive involvement by the stockowner is
necessary to hopefully
make the best deals.
In other areas of business, brokerage firms may be employed to acquire
and sell real estate.
Brokerages exist to acquire art or antiquities. Also, restaurants and other
service companies
may use brokerage firms to obtain meat and produce, restaurant
supplies, or furniture.
Sometimes, employing a broker in this last sense is not initially
expensive to the purchaser,
because the broker receives a fee from the companies used by their
clients. However, the
price of merchandise obtained through a broker generally has a mark-
up that makes up for
this lack of commission.
Brokerage firms can be helpful because they save their clients, whether
buying or selling,
time. Not everyone has time to look at 40 real estate properties before
purchasing. Not every
restaurant manager wants to interview a slew of potential food supply
companies before
selecting one.
For those who are cost conscious, however, employing a brokerage firm
may mean added
expense. Buyers and sellers who come to an arrangement between each
other “cut out the
middle man,” and are thus able to save money. On the other hand,
employing a reputable
brokerage firm generally means that the firm assumes liability for the
seller’s claims. Should
any portion of a sale be conducted illegally, the brokerage firm must
often compensate the
purchaser and take legal action against the seller.
-I copy and pasted this to save time and get everyone on the same page
as to what i'm
trying to explain.
The people who wanted to pool could still pool,with a few easy tweaks.
People could still use the board and gain a great deal of protective
services in this incredible
risky world.
And people who wanted to go it alone,could.
It would could be a more privately functioning entity,to contain
government miss
management.
It could expand into anything and everything,the sky the limit,example
oil and coal.
A commission of 1% on 5 billion dollars in grain deals is 50 million
dollars.
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