Question

Broker and commission agent

09 Sep 2023
Answer :
Word Count : 467
Aspect Broker Commission Agent
Definition A broker is a middleman who facilitates transactions between buyers and sellers but does not take ownership of the goods or assets being traded. A commission agent, also known as a consignee or consignment agent, is an intermediary who sells goods on behalf of the principal (the seller or owner of the goods) in exchange for a commission.
Ownership of Goods Brokers do not take ownership of the goods or assets being bought or sold. They act as intermediaries, _______ _____ ____ ____ __________ ______ _________ __________ ________ __________ ___ ______.
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