Australia's #1 for Law
Join 150,000 Australians every month. Ask a question, respond to a question and better understand the law today!
FREE - Join Now
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 broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal.

View More On
  1. J

    WA Mortgage broker Commission

    I am a mortgage broker being paid a retainer and commission. If I resign is the commission that is due on the settlements that are pending paid to me after I resign. My contract states that trail will cease when I resign but nothing written about the commission side of things.
  2. M

    NSW Assistant Agent in Real Estate – Business Agent

    Hello there, I have a question regarding the new changes to business brokers licensing as of March 2020. In the new license role of Assistant Agent in Real Estate – Business Agent, is the person legally and ethically able to promote and title themselves as a "business broker"? This appears a...