|
A Mortgage Broker is an individual or a firm employed by others to plan and organise sales or negotiate contracts for a commission.
Their function is to set up contracts for property in which he or she has no personal interest, possession, or concern. The broker is a mediator or negotiator in the contracting of any type of bargain. They act as an agent for parties who wish to buy or sell stocks, bonds, real or personal property, commodities, or services. Rules applicable to the agency are generally relevant to most transactions involving brokers.
These brokers or agents are hired to conduct the buying and selling, lease, or rental of real property on a commission basis. They can also be involved with the purchase and sale of lands and the acquisition of mortgages for others. They may also advise people who wish to buy or sell real estate.
| 
