Definition from Nolo’s Plain-English Law Dictionary
A person or entity that arranges contracts (for real estate, insurance, stocks, and the like) between a buyer and seller for a commission. Brokers in many fields are regulated and licensed by each state and have a fiduciary duty to act in the best interests of their customers or clients.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm