What is a broker?

Refers to a person who collects fees or commissions for signing a contract (contract) of sale (such as real estate, goods or securities) between a buyer and a seller.

The broker phenomenon is ubiquitous in the reality of brokers. There are not only litigation brokers, but also political brokers, academic brokers, and so on. Their role is that of brokers or intermediaries, playing a matchmaking role. Brokers are also called "shills", and political lobbyists are called political brokers.

A broker shall meet the following conditions:

1. Have full capacity;

2. Have intermediary capabilities and expertise in the intermediary business;

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3. The broker should be a person with business ethics and abide by business credibility;

4. The broker should be a non-state agency staff member.

5. Have certain funds.

Extended information:

Broker’s obligations:

1. Obligations to report truthfully and use appropriate media. The broker shall truthfully report to each party all the circumstances of the contract that it knows about. Those who are obviously incapable of payment or who are known to be incapable of entering into the contract shall not be used as intermediaries.

2. Obligation of loyalty to the client. The broker shall try its best to protect the interests of the client and shall not conspire with the counterparty of the client to harm the interests of the client.

3. Obligation to keep business secrets. If the principal or counterparty requires the broker not to disclose his or her name or business name, the broker shall bear this obligation. At the same time, the broker should keep the inventory quantity, production or storage technology, purchase channels, etc. secret as long as there is an agreement in advance.

If a broker violates national laws and regulations during intermediary activities, his or her status as a broker may be revoked depending on the circumstances.

Baidu Encyclopedia——Broker