In general, a broker receives about 40 percent of the commission he or she brings into the firm.
The broker would receive $8.10, but would need to remit only $8 to his client.
Now a broker receives one month's rent, which is paid for by the landlord after the tenant moves in.
The broker receives the order, and under the law is supposed to execute it on the floor.
But the brokers also receive payments from the insurance companies for sales volume and for keeping down claim costs.
In these accounts, brokers are not paid commissions, but instead receive a percentage of assets under management.
In front-running, a broker receives a big buy order to execute for a customer that could drive up prices.
On Monday alone my broker received 35 calls from prospective buyers.
In Canada group insurance is usually purchased through larger brokerage firms because brokers receive better rates than individual companies or unions.
In exchange, brokers receive a fee or commission from the corporate buyer of the insurance.