<p>The definition of BROKER is "<span style="; LINE-HEIGHT: 115%; FONT-FAMILY: "Arial","sans-serif"; mso-fareast-font-family: 宋体; mso-fareast-theme-font: minor-fareast; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA;">An individual or <a href="http://www.investorwords.com/1967/firm.html"><span style="; COLOR: windowtext; LINE-HEIGHT: 115%; FONT-FAMILY: "Calibri","sans-serif"; TEXT-DECORATION: none; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; text-underline: none;">firm</span></a> which <a href="http://www.businessdictionary.com/definition/act.html"><span style="; COLOR: windowtext; LINE-HEIGHT: 115%; FONT-FAMILY: "Calibri","sans-serif"; TEXT-DECORATION: none; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; text-underline: none;">acts</span></a> as an <a href="http://www.investorwords.com/2556/intermediary.html"><span style="; COLOR: windowtext; LINE-HEIGHT: 115%; FONT-FAMILY: "Calibri","sans-serif"; TEXT-DECORATION: none; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; text-underline: none;">intermediary</span></a> between a <a href="http://www.businessdictionary.com/definition/buyer.html"><span style="; COLOR: windowtext; LINE-HEIGHT: 115%; FONT-FAMILY: "Calibri","sans-serif"; TEXT-DECORATION: none; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; text-underline: none;">buyer</span></a> and <a href="http://www.businessdictionary.com/definition/seller.html"><span style="; COLOR: windowtext; LINE-HEIGHT: 115%; FONT-FAMILY: "Calibri","sans-serif"; TEXT-DECORATION: none; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; text-underline: none;">seller</span></a>, usually <a href="http://www.businessdictionary.com/definition/charging.html"><span style="; COLOR: windowtext; LINE-HEIGHT: 115%; FONT-FAMILY: "Calibri","sans-serif"; TEXT-DECORATION: none; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; text-underline: none;">charging</span></a> a <a href="http://www.investorwords.com/967/commission.html"><span style="; COLOR: windowtext; LINE-HEIGHT: 115%; FONT-FAMILY: "Calibri","sans-serif"; TEXT-DECORATION: none; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; text-underline: none;">commission</span></a>. For <a href="http://www.investorwords.com/5954/securities.html"><span style="; COLOR: windowtext; LINE-HEIGHT: 115%; FONT-FAMILY: "Calibri","sans-serif"; TEXT-DECORATION: none; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; text-underline: none;">securities</span></a> and most other <a href="http://www.investorwords.com/3874/product.html"><span style="; COLOR: windowtext; LINE-HEIGHT: 115%; FONT-FAMILY: "Calibri","sans-serif"; TEXT-DECORATION: none; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; text-underline: none;">products</span></a>, a <a href="http://www.investorwords.com/2798/license.html"><span style="; COLOR: windowtext; LINE-HEIGHT: 115%; FONT-FAMILY: "Calibri","sans-serif"; TEXT-DECORATION: none; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; text-underline: none;">license</span></a> is <a href="http://www.businessdictionary.com/definition/required.html"><span style="; COLOR: windowtext; LINE-HEIGHT: 115%; FONT-FAMILY: "Calibri","sans-serif"; TEXT-DECORATION: none; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; text-underline: none;">required</span></a>. " Just wonder if they need to do some reserach work. Thanks a lot.</span></p>