GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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38% - Moderately

Buyer Broker


Synonyms:assistant, helper, purchase agent, seeker, servant
Filed Under: real-estate
Tags: broker, realty
 

Definition of buyer broker

buyer broker
1. An individual who is paid a commission from a buyer to find a property and to assist with the negotiations involved with closing the real estate transaction.

Related Terms and Acronyms:

  • agency (agcy)   A relationship between two parties -- a client and an agent -- in which the agent represents the client in transactions with a third party.
  • Mortgage Broker (MB)   One who finds clients perspective lenders at generally no cost. Mortgage Brokers have a special relationship with lenders and can offer their clients the best rates and service. CanEquity goes through great lengths to ensure you are serviced by the best Mortgage Brokers in Canada.
  • real estate broker   An individual who is licensed to represent a buyer or a seller of real estate and collects commissions for the work. Most brokers have agents working for them and they collect a portion of those commissions in exchange for providing office space, marketing, and other overhead.
  • realtor   A real estate broker or an associate holding active membership in a real estate board.
  • seller broker   One who earns a commission from the seller of a property in exchange for finding a buyer and assisting in negotiation.
  • subagent   A real estate agent who finds a buyer for a property, and is not the property's listing agent. The subagent usually earns a portion of the commission.

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