Legal definition of broker
Nettet27. jun. 2024 · Domicile: A domicile is a person's primary residence for tax purposes, and it is established, in part, via a driver's license, voter registration and bank accounts. It may also be the address of ... NettetRelated Legal Terms & Definitions. SEAMAN A sailor; a mariner; one whose business is navigation. The term seamen, in it most… BOUGHT AND SOLD NOTES When a …
Legal definition of broker
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NettetThe broker is an intermediary or negotiator in the contracting of any type of bargain, acting as an agent for parties who wish to buy or sell stocks, bonds, real or Personal Property, commodities, or services. Rules applicable to agency are generally relevant to most transactions involving brokers. The client is considered the principal and the ... Nettet27. jul. 2024 · Key Takeaways. A broker executes orders on behalf of clients and can be either a full-service broker or a discount broker that only executes trades. Meanwhile, …
NettetThe broker is an intermediary or negotiator in the contracting of any type of bargain, acting as an agent for parties who wish to buy or sell stocks, bonds, real or Personal Property, commodities, or services. Rules applicable to agency are generally relevant to most transactions involving brokers. The client is considered the principal and the ... NettetInsurance agents or brokers may be employees of an insurance company, an insurance agency or a brokerage firm, or they may be self-employed persons. They may be involved solely in offering insurance policies, or they may provide a variety of services including risk management, consulting or advisory services. Therefore, it is a question of fact ...
Nettet16. mai 2024 · Insurance brokers are independent insurance specialists who legally represent the buyer. Brokers help clients identify suitable insurance plans that will meet their specific needs. They will meet with a small business client to assess the company’s situation, understand the exposure to various types of risks that the company faces, … NettetA broker's function is to arrange contracts for property in which he or she has no personal interest, possession, or concern. The broker is an intermediary or negotiator in the …
Nettet13. apr. 2024 · A Qualified Joint and Survivor Annuity (QJSA) is a type of annuity that provides a guaranteed income to a retiree and their spouse for the duration of their lives. Upon the death of one spouse, the QJSA continues to pay a predetermined percentage of the original annuity amount to the surviving spouse. The main purpose of a QJSA is to …
NettetThe broker is an intermediary or negotiator in the contracting of any type of bargain, acting as an agent for parties who wish to buy or sell stocks, bonds, real or Personal Property, commodities, or services. Rules applicable to agency are generally relevant to most transactions involving brokers. The client is considered the principal and the ... microwave xtk logoNettetBroker. An individual or firm employed by others to plan and organize sales or negotiate contracts for a commission. A broker's function is to arrange contracts for property in … news michigan basketballNettetbroker: [noun] one who acts as an intermediary: such as. an agent who arranges marriages. an agent who negotiates contracts of purchase and sale (as of real estate, … microwave x ray frequencyNettetAn individual or firm employed by others to plan and organize sales or negotiate contracts for a commission. A broker's function is to arrange contracts for property in which he or … news michianaNettet24. feb. 2024 · Brokerage Account: A brokerage account is an arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders ... microwave xt 5uNettetMost real estate agents are independent contractors‚ self-employed business owners who are affiliated with a licensed real estate broker in their state. As such, they are running independent businesses, even though they must work under a licensed broker's supervision. This post will help guide real estate agents and brokers on how to choose … microwave x ray wavelengthNettet1. jan. 2001 · The term “broker” means a person, other than a motor carrier or an employee or agent of a motor carrier, that as a principal or agent sells, offers for sale, … microwave xt serum