What is Broker ?
A ‘Broker’ is a person or an organization that facilitates business between two parties by acting as a mediator while charging a fee for the services provided, which is usually a predetermined percentage of the deal known as the commission.
Brokers are generally used to get the best possible outcome from a deal being undertaken. As they will be having a good overview of the market, they will be in a position to suggest the best price for their clientele.
As with any organization dealing with finances, the brokerage is regulated by the government depending on the commodity or service being offered to avoid any kind of malpractices and ensure equal opportunities for everyone in the market.