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Simple English definitions for legal terms
broker for sale
Read a random definition: common-law mortgage
A quick definition of broker for sale:
A broker for sale is a person or company that helps people buy or sell things, such as stocks or real estate. Sometimes, a broker may decide to sell their business to someone else, and this is called a broker for sale. It means that the business is available for purchase by someone who wants to become a broker themselves.
A broker's broker is a person or company that helps other brokers buy or sell things. They are like a middleman between brokers, and they can help with things like finding buyers or sellers, negotiating deals, and handling paperwork.
A broker's note is a document that a broker creates to keep track of important information about a transaction. It might include details about the buyer and seller, the price of the item being bought or sold, and any other important information that the broker needs to remember.
A brothel is a place where people pay to have sex with prostitutes. It is illegal in many places, and it is often associated with crime and exploitation. People who work in brothels may be forced to do so against their will, and they may be subjected to violence or abuse.
A more thorough explanation:
Definition: A broker who is available for purchase or acquisition.
Example: John is retiring and wants to sell his brokerage firm. He is advertising it as a broker for sale.
Explanation: The example illustrates the definition by showing how a broker can be put up for sale like any other business. In this case, John is looking for a buyer to take over his brokerage firm.
Additional Example: A company that specializes in acquiring other brokerage firms may advertise themselves as a broker's broker for sale, indicating that they are available to purchase other brokers.
Explanation: This example shows how a company can specialize in acquiring other brokerage firms and advertise themselves as a broker's broker for sale. This means that they are available to purchase other brokers who are looking to sell their business.
Related Term: Brothel - A building or business where prostitutes ply their trade; a whorehouse.
Example: The police raided a brothel in the red-light district and arrested several people for prostitution.
Explanation: This example illustrates the definition of a brothel as a place where prostitutes work. It is also known as a house of ill fame or a disorderly house.