A broker is an corretor Forex or firm that charges a fee or commission for executing buy and sell orders submitted by an investor. A broker also refers to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
In the past, only the wealthy could afford a broker and access the stock market. Their low fee structured is based on volume and lower costs. In the real estate industry, a broker is a licensed real estate professional who typically represents the seller of a property. United States, real estate brokers are licensed by each state, not by the federal government.
Each state has its own laws defining the types of relationships that can exist between clients and brokers, and the duties of brokers to clients and members of the public. The offers that appear in this table are from partnerships from which Investopedia receives compensation. A dealer is a person or firm who buys and sells securities for their own account, whether through a broker or otherwise. The stock market consists of exchanges or OTC markets in which shares and other financial securities of publicly held companies are issued and traded.