Cooperating Broker: A broker who assists another broker in the sale of real property. Usually the cooperating broker is the selling broker who found a buyer for the listing broker.

 

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Cooperating Broker: A broker who assists another broker in the sale of real property. Usually the cooperating broker is the selling broker who found a buyer for the listing broker.

Listing Broker: The broker in a multiple-listing situation from whose office a listing agreement is initiated, as opposed to the cooperating broker, from whose office negotiations leading up to a sale are i . . . View Full Definition

Cooperating Broker Fee Agreement: An agreement between brokers specifying the commission split should the cooperating broker sell a property listed by the listing broker.

Introducing Broker (IB): An introducing broker (IB) is a person or firm that takes orders to buy or sell futures contracts from clients and passes those orders to a futures commission merchant (FCM) for execution. P . . . View Full Definition

Knowledge Broker: The individual who facilitates the creation, sharing and use of knowledge in an organization by linking individuals with providers.

Lender Paid Compensation To Broker: This is also called the Yield Spread Premium. Fee which the lender pays to the mortgage broker for obtaining the loan for his client.

Insurance Broker: The insurance company representative and adviser who sells insurance policies.

Institutional Brokers Estimate System (IBES): A broker who buys and sells securities for institutional investors such as banks, and mutual funds, pensions.

Institutional Broker: Computerized subscriber service that serves as a vehicle for the fourth market. 'Instinet' is registered with the SEC As a stock exchange it numbers among its subscribers a large number of m . . . View Full Definition

Independent Broker: A certified public accountant operating outside the company who can provide an accountant's opinion.