Why is a person who handles money called a broker?

Answer 1

They arent.

A broker is a person who acts as a representative of a buyer or a seller of something, and gets paid a commission for finding someone for the other side of the transaction and completing the deal.

so, a person who wants to sell a house hires a broker to find them a buyer. A person who wants to buy a stock uses a broker to find a seller (which is ususally through a stock exchange). A business looking for office space will hire a broker to help them find a landlord who has space to rent to them.

Thats all a broker is. Someone you hire to help you sell or buy something. And when they do, you pay them a commission.

Also, technically a broker is not a market maker. A market maker is a person who buys and sells things for their own account. They would help you sell your stock by buying it from you and then they would sell it to someone else at a higher price. A person who does that is called a dealer, not a broker.

Answer 2

Not everyone who handles money is a broker. A Broker is a person who connects a seller and a buyer, such as in real estate or the stock market. Essentially, a broker is a market maker.

Answer 3

Because they are broke until they handle your money, much like Bankers, lawyers and the government.
At least Brokers remember where they came from, the others are just plain pompous.

Answer 4

haha...that's a good question. I wish I knew..

Answer 5

A Broker is work as an agent who buy money from whose persons.who want to sell it and he bought that for resale purpose for sellout any other who need it at commission Base.who are representive for as handling money and deal it.
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