Commission Broker

Commission Broker - A commission broker is independent broker, who received payment in the way of commission by taking a percentage of the value of a transaction that takes place on an asset. A commission broker is either individual or a firm's representative who acts as a go-between for the buyer and the sell and generally charges a commission for the transactions enacted. These representatives are required to have a license. This percentage can range in price depending on the individual broker involved in the transaction; therefore, it is usually good to know your broker, so you know what fees you will pay.