Who is a broker?
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Recently in the labor market appeared a lotnew specialties, for example, a dealer, a trader, a broker. The word "broker" is on hearing more often than others, but who is such a broker and what profession is hidden under this mysterious word, understand not all. Its meaning will be clear if you translate the word from English - an intermediary. A broker may be a natural or legal person providing intermediary services in market relations and receiving remuneration for them.
Types of brokers
Depending on what the broker is doing, there are different kinds of this specialty.
Exchange broker
It is an exchange agent acting in the interests ofhis client on the securities market. He has a sufficient level of knowledge and practical skills of exchange trading, but does not have his own assets to make transactions.
Its main task is to buy shares and othersecurities at the lowest price and sell them at the most profitable. The services of a stockbroker may also include client advice on financial matters.
A person who is not sophisticated in exchange trading canto entrust its assets to the broker, periodically monitoring the results of its activities. Or just ask him for advice to develop the correct trading strategy on the stock exchange.
The broker is interested in successful transactions, since his business reputation and income depend directly on the profit of the client.
Customs Broker
Intermediary company that provides its serviceslegal entities involved in foreign economic activities and private individuals when it is necessary to send goods abroad. The complex of logistic services rendered by the customs broker includes:
- preliminary planning of the transaction;
- organization of foreign trade supplies;
- certification;
- customs clearance (filling in the declaration, payment of state duty);
- delivery of cargo to the end user.
Insurance broker
A legal entity or a commercial organization,Providing services for the conclusion of insurance contracts and their execution. The difference between an insurance broker and an agent is that he does not insure the clients himself, but only looks for a suitable insurance company that can provide the most favorable insurance conditions.
The insurance broker takes care of the execution of the necessary documents in the event of an insured event, and, if necessary, recovery of money from the insurance company.
Monetary compensation for their services insurance broker, as a rule, receives from the company-insurer in the form of commission interest.
Along with the listed types of profession,there are business brokers that help profitable to sell business, leasing brokers - carry out leasing deals with benefits for both parties, freight brokers - act as intermediaries between shipowners and charterers, etc.
