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Glossary of Terms > B > BROKER

BROKER

What you will be if you aren't careful. Just kidding. The term "broker" has several meanings in different situations. Most realtors are "agents" who work under a "broker." Some agents are brokers as well, either working form themselves or under another broker. In the mortgage industry, a broker usually refers to a company or individual that does not lend money itself, but brokers loans to lenders or investors. Technically a broker is anyone who acts as an agent, bringing two parties together for any type of transaction and earns a fee for doing so.

B Terms

BALLOON MORTGAGE

BANKRUPTCY

BI-WEEKLY MORTGAGE

BILL OF SALE

BRIDGE LOAN

BROKER