Definition
Person who serves as a trusted agent or intermediary in commercial negotiations or transactions. Brokers are usually licensed professionals in fields where specialized knowledge is required, such as finance, insurance, and real estate. Their rate of compensation (called brokerage or commission) is determined according to custom of the particular trade or by law, and is computed commonly either as a fixed percentage of the value of the transaction or on a sliding scale (higher the value, lower the percentage).
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Preparing a Trouble Free Escrow Process
1. Select a licensed real estate broker to represent you. 2. Choose an Independent Escrow provider-you have a choice. 3. Eliminate surprises - If you don’t let your broker or escrow officer know abo ... Read more
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