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Frequently Asked Questions

What is the difference between a Broker and an Agent?

Freight Broker Training Frequently Asked Questions - Freight...
Agent works for an established Broker under the Broker's legal documents. It is typically an all-commission position.

What is an ESB?

JBIWiki: FAQ
Enterprise Service Bus (ESB) is a distributed infrastructure used for enterprise integration. It consists of a set of service containers, which integrate various types of IT assets. The containers are interconnected with a reliable messaging bus. Service containers adapt IT assets to a standard services model, based on XML message exchange using standardized message exchange patterns. See similar questions...

What's the difference between a mortgage broker and a lender?

New York home loans by NWE Corp.
A mortgage broker counsels you on the loans available from different wholesalers, takes your application, and usually processes the loan which involves putting together the complete file of information about your transaction including the credit report, appraisal, verification of your employment and assets, etc. When the file is complete, but sometimes sooner, the lender "underwrites" the loan which means deciding whether or not you are an acceptable risk. See similar questions...

What is the difference between registering with a broker and with a CSDP?

Standard Bank of South Africa Limited
Under STRATE, there are essentially two types of clients; those registered with a broker, called controlled clients, and those registered with a CSDP, called non-controlled clients. These are shareholders who keep their shares and cash in the custody of their broker. As the only market players who can directly interact with STRATE are the CSDPs, brokers must hold an account with a CSDP of their choice. See similar questions...

What is the difference between Agent & a Broker?

personalfn - Insurance
Agent is the representative of Insurance Company whereas broker is the representative of the consumer or policyholder. See similar questions...

What is the difference between a Realtor®, a Broker, and an Salesman?

Untitled Document
Realtors® are licensed real estate professionals who are members of the National Association of Realtors® and its local affiliate Associations. Realtors® agree by their membership to be governed by a strict Code of Ethics and Professional Standards in all their professional activities. A real estate Broker or Salesman (either of which are often referred to as Agents) may or may not be a Realtor®. See similar questions...

What is the difference between an Independent Distributor and a Broker?

Ascenture Corporation - World Leading Electronics Components...
Although they may operate on similar business models, Independent Distributors generally stock product, offer their customers credit terms, provide value-added services, honor manufacturers' warranties, provide RMA services, and have strict quality assurance. Brokers usually act only as agents for their customer in return for a fee. Top-level Independent Distributors, such as ASCENTURE, invest significant resources to expand infrastructure, hire personnel, and develop markets. See similar questions...

What is the difference between a mortgage broker and a bank?

Central Iowa Lending, Home Mortgage Company for the Des Moin...
As a mortgage broker, we deal with hundreds of loan programs provided by several nationwide lenders. This allows us to offer individuals more choices to fit their individual needs. Banks on the other hand are limited only to their specific programs and rates. See similar questions...

What is the difference between a Realtor?, a broker and an agent?

Selling Tips, MLS-FLA-COM, Alicia Realty
A real estate agent is licensed by the state to work under a broker. A real estate broker is licensed by the state to practice individually. A Realtor? is a broker or agent who is a member of the professional Realtors?' Association and is thereby able to utilize the multiple listing service (MLS). See similar questions...

What's the difference between a Broker and a Travel Agent?

www.bali.co.nz - Frequently Asked Questions
Anyone can become a travel agent with very little industy or travel experience. Travel Brokers have both years of industry experience and have had plenty of trips overseas. Brokers work in much the same way as travel agencies. Both have airline reservation systems and both use travel wholesalers to make holiday reservations. The biggest difference is that agencies have shops whereas a majority of travel brokers work from home. This is usually a lifestyle choice. See similar questions...

What is the difference between a mortgage lender and a broker?

Summit Mortgage: Custom solutions for your home financing ne...
Banks (commercial and savings and loans) and credit unions may be local, regional or national mortgage lenders. They usually have retail and wholesale departments. The retail department makes loans directly to home buyers. The home buyer pays retail fees to the lender for that loan. Wholesale departments often offer interest rates and processing fees to brokers that are lower than the retail price. Mortgage brokers tend to be local sources of home financing. See similar questions...

What is the difference between a mortgage broker and a lender?

Parkview Mortgage | FAQs
A mortgage broker counsels you on the loans available from different wholesalers, takes your application, and usually processes the loan which involves putting together the complete file of information about your transaction including the credit report, appraisal, verification of your employment and assets, and so on. When the file is complete, but sometimes sooner, the lender "underwrites" the loan, which means deciding whether or not you are an acceptable risk. See similar questions...

What is the difference between a Realtor?, a Broker, and an Salesman?

Real Estate Listing FAQ's
Realtors? are licensed real estate professionals who are members of the National Association of Realtors? and its local affiliate Associations. Realtors? agree by their membership to be governed by a strict Code of Ethics and Professional Standards in all their professional activities. A real estate Broker or Salesman (either of which are often referred to as Agents) may or may not be a Realtor?. See similar questions...

Is there a difference between a broker and a provider representative?

Integrity Life Settlements, L.L.C.
Yes. Although both a broker and a provider representative will help you with the sale of your policy, there are important differences between them. A broker works for you. A broker will check with several providers to find the best offer for you. A provider representative works for a provider. A provider representative will only check with the provider that he or she works with to get you their offer. See similar questions...

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