Broker Legal Meaning and Definition

Here is a simplified definition of the legal term Broker.

Broker (noun):

A broker is an individual or organization that acts as an intermediary or negotiator between two or more parties. They specialize in facilitating transactions such as the sale or purchase of goods, properties, or services. They provide this service in exchange for a fee or commission. For example, real estate brokers help to connect sellers and buyers of real estate properties.