A Broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A local broker must be appointed for the importing goods into the USA.
Reference Definition by BusinessDictionary: A Broker is mediates between a buyer and a seller. The Broker is a person who serves as a trusted agent or intermediary in commercial negotiations or transactions. Brokers are usually licensed professionals in fields where specialized knowledge is required, such as finance, insurance, and real estate. Their rate of compensation (called brokerage or commission) is determined according to custom of the particular trade or by law, and is computed commonly either as a fixed percentage of the value of the transaction or on a sliding scale (higher the value, lower the percentage).
Related Definitions in the Project: The Project Management
