| Mortgage broker: mortgage brokers guide | | | | individuals, who assist individuals or |
| customers through the process of | | | | firms to trade in the foreign exchange |
| selecting a suitable mortgage package | | | | market. Forex brokers make money from |
| with competitive package offers. They | | | | pip or "spread." A spread is the minimum |
| also offer financial advice on mortgage | | | | price increase in currency. For |
| and property. Their job is to find a | | | | instance, in Euro/US Dollar, a shift |
| mortgage package that meets the | | | | from 0.9007 to 0.9008 is one spread. In |
| borrower's needs, and to help the client | | | | US Dollar/Japanese Yen, a shift from |
| process and complete their mortgage | | | | 127.40 to 127.41 is one spread. |
| application form. In the United States, | | | | Stockbroker: a stockbroker is a person |
| mortgage brokers negotiate over 80% of | | | | or company who buys and sells stocks on |
| home loans issued. Banks go through | | | | behalf of another person or company, and |
| brokers to effectively outsource the job | | | | tries to match up buyers and sellers. |
| of finding and qualifying borrowers. | | | | Many people seek the advice of and pay |
| Real estate broker: real estate brokers | | | | for the services of a stockbroker to |
| finds buyers for those wanting to sell | | | | help them in making informed decisions |
| real estate and finds sellers for those | | | | about their finances with the |
| wanting to buy real estate. Real estate | | | | knowledgeable and interactive guidance |
| brokers help sellers market their | | | | of a licensed stockbroker. |
| property and sell it for the highest | | | | Insurance broker: insurance brokers |
| possible price; they also help buyers | | | | source contracts of insurance on behalf |
| purchase property for the best possible | | | | of their customers. An insurance broker |
| price. Once the broker successfully | | | | will help you to choose the best to fit |
| finds a buyer, the real estate broker | | | | your needs. |
| receives a commission for his or her | | | | An investor looking for an investment |
| service. In the U.S. a 6% commission is | | | | avenue will benefit greatly from using a |
| usually the case for residential real | | | | broker, as brokers tend to be more |
| estate and is usually paid by the | | | | up-to-date with trends and happenings in |
| seller. This is generally split 50/50 | | | | the market. Also as per law the broker |
| between the listing agent and the | | | | has a fiduciary duty to advise the |
| selling agent. | | | | customer in the customer's best |
| Forex broker: forex brokers are firms or | | | | interest. |