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The difference between a broker and jobbers is the role that they play in the buying and selling of stocks. A broker is hired by an investor to buy and sell stock for them. A jobber ensures that when the broker wants to buy or sell, that there is someone lined up for the broker to buy or sell from.
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What is the difference between broker and jobbers?
A broker is a retailer of stocks and shares. His customers are investors, whether Gargantuan Insurance or Jane Doe. A jobber is a wholesaler of stocks and shares. His customers are brokers.
What does a commercial broker do?
A commercial broker is a person who handles transactions between corporations. Much like a real estate broker, it's just that they deal with companies instead of individuals.
What is the meaning of cobroke?
to work together or share profits. In real estate a co-broke contract would be between a listing broker and selling broker.
When a realtor terminates with a broker can the broker keep your buyers?
It comes down to the contract between the Realtor and the brokerage plus any contracts that might be still in force between the clients (buyers and seller) and the brokerage. The personal relationship that exists between the Realtor and the clients is normally strong enough so that the clients follow the Realtor when they change shop. Assuming no existing contract for a current listing or buyer's broker agreement then there will be no ties back to the broker. The broker is free to market to the people and to otherwise compete for their future business. The Realtor has no direct hold on the clients. The Broker is entitled to retain any and all listings, at least until the listing expires.
Does a real estate broker still have to pay a commission to a real estate agent if they change offices before the transaction closes?
that completely depends on the agreement between the broker and the agent.
