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Broker-Agent

Definition

Licensed as both a broker and an agent, a broker-agent represents a select group of insurers or financial institutions while also searching the market for the best products for their clients.

Synonyms
middleperson, go-between, representative

Related Terms and Acronyms

Agent (agt) — Abbreviation,
- A person who acts on behalf of another. In real estate, an agent is a person who conducts transactions on behalf of sellers and sometimes buyers.
Broker (Bkr) — Abbreviation,
- A person or firm who acts on behalf of another.
Insurance Broker — Definition,
- An agent who sells insurance policies.
Mortgage Broker (MB) — Acronym, Important,
- One who finds clients perspective lenders at generally no cost. Mortgage Brokers have a special relationship with lenders and can offer their clients the best rates and service. CanEquity goes through great lengths to ensure you are serviced by the best Mortgage Brokers in Canada.
Third-party Administrator (TPA) — Acronym, Important,
- A claims administrator that is hired to process insurance claims and/or employee benefits for another party.