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What is a broker dealer agreement?

Broker-Dealer Agreement means an agreement between the Auction Agent and a Broker-Dealer, pursuant to which such Broker-Dealer agrees to follow the Auction Procedures.

What does a broker-dealer do?

A broker-dealer (B-D) is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. The term broker-dealer is used in U.S. securities regulation parlance to describe stock brokerages because most of them act as both agents and principals.

What does broker agreement mean?

A brokerage agreement is a type of contract wherein one party agrees to act as a sales agent of another, who is called the principal.

What is an agreement between a broker and a client?

Brokerage agreement means a contract between a broker and a client, which establishes the relationship between the parties as to the brokerage services to be performed.

What is the type of agreement made between a broker and a principal called?

A listing agreement is a contract under which a property owner (as principal) authorizes a real estate broker (as agent) to find a buyer for the property on the owners terms.

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