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Brokers
In commerce, a broker is a party that mediates between a buyer and a seller. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent: one who acts on behalf of a principal. A brokerage or a brokerage firm is a business that acts as a broker. A sales person working for a securities or commodity brokerage firm is popularly (but incorrectly) called a "broker." A broker in that context is, strictly speaking, an exchange member who actually executes the purchase or sale order in the pit, on the exchange, as a service to the client of the firm for which that salesman works.
Have Brokers been Blowing the Housing Bubble?: Improper Ties between Brokers and Appraisers
I. Introduction Amidst all the recent talk of a housing bubble,[1] allegations have been leveled that mortgage providers have been encouraging the overvaluation of homes...
On Bismarck and Brokers
Otto von Bismarck is reported to have said "Laws are like sausages, it is better not to see them being made." Clear evidence of that is Senate Bill 2045...
AML and finance brokers
AUSTRAC has published an information sheet on its interpretation of the AML obligations of finance brokers. Comments include: Finance brokers who are holders of an Australian financial services (AFS) licence and only provide the designated service specified in item 54...
Mortgage Brokers Beware
Anyone takin' a look at this Senate Bill 1167 recently signed by the Governor w/ an effective date of 6/1/08?? There are some pretty punitive penalties included for mortgage brokers...
Those Evil Mortgage Brokers
Well, lets not over-generalize...I mean I don't like all those lawyer jokes.But, new research by the Center for Responsible Lending shows that subprime borrowers with brokered loans pay significantly more than their counterparts who deal directly with lenders...
Data Brokers Settle with FTC
Data brokers Reed Elsevier and Seisint have agreed to conduct biennial audits of its data protection procedures for 20 years as part of a settlement with the FTC...
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