Ask Question
BusinessBusiness
23 November, 09:56

A broker that does not represent the seller or the buyer but simply is paid a fee to bring the two together is called a

+2
Answers (1)
  1. 23 November, 10:23
    0
    Agency Broker

    Explanation:

    An agency broker handle the demonstrations to the greatest advantage of its customers. An organization dealer has a duty to locate the best execution for its customers. For instance, an organization specialist may endeavor to take care of customer orders at the most reduced cost or as fast as would be prudent. An intermediary acting in a seller limit doesn't have a duty to the customer setting the exchange.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A broker that does not represent the seller or the buyer but simply is paid a fee to bring the two together is called a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
4. The E. Harris Company issued bonds in September of 2003. When issued, the bonds had 20 years to maturity, a coupon rate of 7.5% and sold for their face value of $1,000. Now, in September of 2013, the bond price has risen to $1,110.40.
Answers (1)
The Rogers Corporation has a gross profit of $704,000 and $333,000 in depreciation expense. The Evans Corporation also has $704,000 in gross profit, with $49,300 in depreciation expense.
Answers (1)
For each situation, prepare the appropriate journal entry for the redemption of the bonds. a. Bramble Corp. redeemed $118,000 face value, 9% bonds on April 30, 2022, at 102. The carrying value of the bonds at the redemption date was $106,554.
Answers (1)
What is the cost for the 3% highest domestic airfares? (rounded to nearest dollar) ?
Answers (1)
Collectibles Corp. has a beta of 3.25 and a standard deviation of returns of 27%. The return on the market portfolio is 13% and the risk free rate is 5%. What is the risk premium on the market
Answers (2)
New Questions in Business
Vega Enterprises has computed the following unit costs for the year just ended: Direct material used $12 Direct labor 18 Variable manufacturing overhead 25 Fixed manufacturing overhead 29 Variable selling and administrative cost 10 Fixed selling and
Answers (1)
Prepare an income statement for May assuming the following data are not included above: (1) $900 worth of services were performed and billed but not collected at May 31, and (2) $1,000 of gasoline expense was incurred but not paid.
Answers (1)
A firm just paid an annual dividend of $1.00 today. The dividend is expected to growth at a rate of 14% for the next three years, and then 6% thereafter. The required rate of return on this stock is 9%.
Answers (1)
North Bank is analyzing Belle Corp.'s financial statements for a possible extension of credit. Belle's quick ratio is significantly better than the industry average.
Answers (1)
Two cities face identical prices for their housing. City A decided to be a pollution free city "Clean town" and all the factories would locate in city B "Smogville", we expect the prices of housing in city A "Clean town" to a. increase b. decrease c.
Answers (1)
Home » Business » A broker that does not represent the seller or the buyer but simply is paid a fee to bring the two together is called a
Sign Up Forgot Password?