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.

More HR Terms

World at Work

What is World at Work?   ‘World at Work’ is an organization for HR professionals and people-focused leaders who have devoted their time and effort

Organizational Semiotics

What is Organizational Semiotics?    ‘Organizational Semiotics’ is the study of information flow in organizations. It is concerned with the creation, nature, characteristics, processing, and

Key Performance Indicators (KPIs)

What is Key Performance Indicators (KPIs) ?   ‘Key Performance Indicators’ is a tangible value that shows how effectively a company is achieving its business

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