Broker

Broker in International Trade

Meaning of Broker, according to the Dictionary of International Trade (Global Negotiator): An individual or firm that acts as an intermediary, often between a buyer and seller, usually for a commission. Related to international trade services there are three specific kind of brokers:

Commercial or merchandise broker: an individual or firm that works with buyers and sellers by negotiating between them in buying and selling services on a commission basis to manufacturers as a sales representative for their products. Such a broker has no control or possession of the product that is sent directly to the buyer; he or she merely acts as a middleperson in all transaction. It is a commercial figure quite usual in industries such as food (meat, cereals, wine) or shipbuilding.

Customs broker: an individual or firm licensee authorized to enter and clear goods through Customs for another individual or firm. See customs broker.

Insurance broker: an individual or firm that acts as an intermediary between an insurance company and the insured. Se insurance broker.

In international sales, brokers charge a commission as percentage of the sales effectively made by the seller, through a Intermediary Contract for Trade Operations. Also called agent, intermediary or middleman.

Broker

Broker

Broker

Resources

See Also

• Commission merchant. For “Factor” and “broker” as synonymous or distinguishable
• Factor
• Commercial broker
• Commission broker
• Customs broker
• Exchange broker
• Pawnbroker

Resources

See Also

• Listing

Resources

See Also

• Brokerdealer

Hierarchical Display of Broker

Trade > Distributive trades > Distributive trades > Sales occupation

Broker

Concept of Broker

See the dictionary definition of Broker.

Characteristics of Broker

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Resources

Translation of Broker

• Spanish: Corredor de comercio
• French: Courtier
• German: Warenmakler
• Italian: Sensale
• Portuguese: Corretor
• Polish: Pośrednik

Thesaurus of Broker

Trade > Distributive trades > Distributive trades > Sales occupation > Broker

See also

• CAEMC countries
• Equatorial Guinea
• Gabon
• Cameroon
• Chad
• Congo
• Central African Republic

• CAEMC
• Central African Customs and Economic Union
• CACEU
• Central African Monetary Union
• CAMU
• Economic and Monetary Community of Central Africa
• Equatorial Customs Union
• UDE
• Union of Central African States
• UEAC