broker

/'broukə/

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Explanation of the Word "Broker"

Part of Speech: Noun (and can also be used as a verb)

Usage Instructions:

• As a noun, you can say "a broker" when you are talking about the person or business.
• As a verb, you can say "to broker" when referring to the action of acting as a broker.

Example Sentences:

1. Noun: "She hired a real estate broker to help her find a new home."
2. Verb: "He decided to broker the deal between the two companies."

Advanced Usage:

In business and finance, brokers often have licenses and must follow specific regulations. They can specialize in various fields, including: - Stock Brokers: Deal with buying and selling shares of companies. - Insurance Brokers: Help clients find the best insurance policies. - Real Estate Brokers: Assist in buying, selling, or renting properties.

Word Variants:

• Brokerage (noun): The business of a broker or the fee charged for the services of a broker.
  • Example: "She worked at a brokerage that specializes in stock trading."
• Brokered (verb): The past tense of broker, meaning that the action of acting as a broker has already happened.
  • Example: "He brokered the agreement last week."

Different Meanings:

While the primary meaning of "broker" is related to buying and selling, it can also refer to someone who mediates or negotiates in various contexts, such as politics or conflict resolution.

Synonyms:

• Agent
• Intermediary
• Dealer
• Middleman

Idioms and Phrasal Verbs:

• "Broker a deal": To negotiate an agreement or arrangement.
  • Example: "They brokered a deal that satisfied both parties."
• "Act as a broker": To take on the role of someone who facilitates transactions.
  • Example: "In this case, she will act as a broker between the buyer and the seller."

Summary:

A broker plays a crucial role in various industries by facilitating transactions between buyers and sellers.

Academic

Noun

1. a businessman who buys or sells for another in exchange for a commission

Verb

1. act as a broker

Synonyms

• agent
• factor