Why do I need a broker?
A broker is an intermediary between those who want to make trades and invest and the exchange in which those trades are processed. You need a broker because stock exchanges require that those who execute trades on the exchange be licensed.A broker is a person that facilitates transactions between traders, sellers, or buyers. Think of a broker as a middleman who ensures transactions can run smoothly and that each party has the necessary information. Brokers exist in many industries, including insurance, real estate, finance, and trade.Broker-dealers play an important role in the financial markets, as these firms provide the infrastructure that facilitates stock trading. In fact, if you want to buy stock, you must open a brokerage account through a brokerage firm.

What is the role of a broker : A brokerage provides intermediary services in various areas, e.g., investing, obtaining a loan, or purchasing real estate. A broker is an intermediary who connects a seller and a buyer to facilitate a transaction. Individuals or legal entities can act as brokers.

Does everyone need a broker

While you don't need a broker to buy stocks, you'll need to work with a brokerage firm. Some brokerages will carry out trades on your behalf while others offer an automated robo-advisor.

Why a broker is better than an agent : The reason that brokers can work independently or supervise other agents is that they're allowed to handle certain financial and legal steps in the transaction process that agents cannot. Brokers can move money in and out of escrow accounts and mediate legal disputes that arise from the transaction.

A broker can make the mortgage experience easier but they don't have access to every lender. Doing it yourself takes more time, but when you've found the right loan and lender, you might end up with a better deal. A broker works on your behalf through a multitude of mortgage options, comparing rates, fees and features.

One of the most important indicators of a trustworthy and reliable broker is that they are licensed and regulated by a reputable authority. This means that they have to comply with certain standards and rules that protect your interests and rights as a client.

Can I sell my stock without a broker

There is no law requiring you to use a broker to buy or sell stock, except in certain very special circumstances, such as restricted stock, or unregistered stock.Online Brokerage Fees

Many online brokers have removed a specific commission fee for trades on stock shares, but commission fees for options or futures trades still apply. The fees vary and may be based on a per-contract or per-share charge. Account maintenance fees vary between $0 to $50 per account per year.When a broker puts a borrower in touch with a bank, and the borrower's mortgage application is approved, the bank will pay the broker a commission. For as long as a borrower keeps their mortgage with a bank, the broker that arranged the loan will keep receiving a smaller ongoing commission, known as “trail” commission.

Banks can only offer you their own mortgage products. Brokers, because they don't work for a single financial institution, can recommend products from all their lender partners. Working with a broker doesn't prevent you from getting a mortgage from a major bank like TD, RBC or Scotiabank.

What not to tell a broker : Here are the 7 most important things to not tell your realtor when selling.

  • What you think your home is worth.
  • Your need to sell quickly.
  • Plans for upgrades before selling.
  • Non-mandatory legal information about your property.
  • You're okay with an inflated history of dual agency.
  • Your lowest acceptable selling price.

Should you pay for a broker : Finance Brokers don't cost you more

Brokers get a commission or a fee from the bank for bringing your business to them. The bank pays because working with brokers actually saves them money. Not only do brokers bring business to banks, they also do most of the legwork so the bank doesn't have to.

Is it better to use a broker or bank

If you need help shopping around, a mortgage broker could help you compare options with many different lenders. If you're already loyal to one bank, or if you want to shop around on your own, going with a direct lender could be the better choice.

All stocks and shares are safe in electronic form at their depositories. The broker cannot touch them. Stocks and shares reside in electronic form at the Central Depository Services (India) Limited (CDSL) and the National Securities Depository Limited (NSDL).Many companies allow you to buy or sell shares directly through a direct stock plan (DSP). You can also have the cash dividends you receive from the company automatically reinvested into more shares through a dividend reinvestment plan (DRIP).

How to sell stock immediately : KEVIN: A market order is your go-to when you want to get out of a trade as quickly as possible during standard market hours. Generally, they execute immediately, but remember, the trade-off here is price. You will receive the current price, which could be different from the last bid you saw.