What is a “Broker”?
An individual who engages in the business of buying, selling, exchanging or leasing real estate or who, for compensation, engages in activities requiring a license as an employee of, or on behalf of, the owner, purchaser, lessor or lessee of real estate. A broker may choose to act as an associate broker by affiliating with another broker.
A Broker is defined as “One hired for a fee to negotiate purchases, contracts, or sales”. A ticket broker does just that. There are people that want to sell their tickets and there are also people that want to buy those same tickets. There are 2 ways that a broker can do this. The broker can buy the tickets outright from the seller and hope that they can sell them. If the market drops or the tickets don’t get sold the broker incurs the loss. The second way is the broker could take the tickets from the seller on consignment and keep a fee if they are sold. Either way a ticket broker puts the buyers and the sellers together for a fee.
Related Questions
- Form 1099-B, Proceeds from Broker and Barter Exchange Transactions will be mailed to shareholders who have sold any of their fund shares during the year. (See the answer to the question: Why did I receive Form 1099-B, and where do I report the information?
- Is a Nevada Real Estate Broker with 21 years of local experience as well as being a Certified Residential Specialist a Better Choice?
- What advantages/disadvantages are there to having redundancy at the broker, rather than node, level?
