why do you want to be a broker
ou mustPhave heard this question quite often: How was the market today? The person asking this question could be referring to the debt market (comprisingPfixed income instruments like fixed deposits and bonds), the forex market (where currencies are bought and sold), or the stock market (where shares are bought and sold). What we are specifically referring to in this article is the stock market. When someone talks about the market, they are not referring to an actual physical place where people meet to buy and sell. The term stock market is a generic term to denotePtrading (buying and selling of shares). What makes up the market? The stock exchanges. The stock market will have either one or a number of stock exchanges. In India, the most famous are the Bombay Stock Exchange and the National Stock Exchange. The NSE is the country's largest exchange, which meansPit sees the most amount of shares bought or sold in a day. The BSE stands second but is the oldest; it was establishedPway back in 1875. Then there arePregional exchanges like the Ahmedabad Stock Exchange, Calcutta Stock Exchange and the Cochin Stock Exchange. The two most prominent ones are the BSE and NSE. Together, they account for most of the stock trades in the country. Which means that if they catch a cold, exchanges all over the country will sneeze. What makes up a stock exchange? Its members, the stock brokers
People like you and me just cannot go to a stock exchange and buy and sell shares. If we want to do so, we have to get in touch withPsomeone who is a member of the stock exchange. PWhich means we need to talk to a stockbroker. StockbrokersPbuy and sell shares for themselves toPmake aPprofit.
TheyPalsoPbuy and sell shares on behalf of people like you and me and take a commission for doing so (more on this on another day). Every stockbroker has to be registered with the Securities and Exchange Board of India, which is the stock market regulator. SEBI's main function is to make surePthose who invest in the stockPmarket follow the rules andPno scams take place. It is supposed to act as a watchdog on behalf of the investors. Readers from Mumbai may have seen the imposing stock exchange building called Jeejeebhoy Towers. That's the home of the BSE. But you would be disappointed if you thinkPyou can step inside the building and watch the market excitement firsthand as brokers frenziedly trade stocks. That's because all stock markets in India are now electronic. Brokers have BSE computer terminals in their offices, from which they trade. TheyPalso have BSE terminals in other cities and don't have to be physically present in Mumbai to trade on the BSE. This means that even if you stay outside Mumbai, you can contact a BSE broker and buy or sell stocks on the BSE. Years ago, the BSE wasPa place where brokers physically bought and sold stocks and shares through a system known as 'open outcry'. As a result, the market then resembled a fish or vegetable market. If you watch CNBC, you'll find that the New York Stock ExchangePstill follows that system, with traders rushing around on the trading floor, scribbling trades on little slips of paper. Actually, the improvements in the BSE came about when the government promoted the NSE. The NSE was an electronic exchange from the beginning and it started competing with the BSE, which in turn forced the BSE to tone up its act.
Stock exchanges make surePyour transactions are safe and secure andPbrokers follow the rules while trading. The function of stock exchanges is to ensurePbrokers have enough capital (money) to enable them to conduct their business satisfactorily. Of course, that hasn't been able to prevent scams, but that's another story. You also have a better chance of getting a good price. uppose you have a stock which very few people want to buy. But when your sell order is placed on the BSE, it is viewed by thousands of brokers on their computer screens and, ifPthe right price, someone may decide to buy. Sell or buy orders in an exchange reach a large audience and that can work to your benefit. When you buy or sell stocks through a stock exchange, your trades are guaranteed. Suppose, for example, your broker has sold stocks on your behalf to another broker and the second broker's business fails. In this case, your trade is protected and you will get your money back because all trades on a stock exchange are guaranteed by the Clearing Corporation, which settles transactions between brokers. Internationally, some of the most well-known stock exchanges are the New York Stock Exchange, the NASDAQ or the US stock exchange where the shares of mostly technology companies are listed, and the London Stock Exchange. DON'T MISS! Illustration: Dominic Xavier If youБre on the fence about whether or not to use a broker, consider these 10 benefits of gaining the assistance of one of our experts in your commercial real estate search. ItБs free Just like using a residential agent to purchase a home, the client never pays a fee to the broker for finding them space.
The landlord or seller pays any necessary fees to the commercial brokers. Know the structures of lease/purchase Brokers at O'Donnell Commercial Real Estate Inc. work with commercial transactions all day long; they understand brokerage vocabulary and are aware of current market transactions. Using a broker takes all the guessing out of the real estate process. Have access to all listings Rather than just seeing what the public is allowed to see, either online for free or by driving by БavailableБ signs, O'Donnell Commercial Real Estate Inc. utilizes multiple real estate databases to uncover all available properties. Furthermore, their brokersБ relationships with city officials and other industry professionals allows them the knowledge of Бoff the marketБ opportunities. Save you and your staff time Clients have the responsibility of running their own business. Allowing a broker with O'Donnell Commercial Real Estate Inc. to help in the real estate process frees up time, as the broker will be monitoring and negotiating transactions on your behalf. Minimize risk By working with a team of professionals, including architects, attorneys, contractors, and bankers, O'Donnell Commercial Real Estate Inc. brokers help to ensure each aspect of the transaction is risk-free for clients. Additionally, the brokerБs knowledge of the market and industry means clients donБt have to learn a whole new trade, and can depend on their broker to give them the best information available. Team of professionals to benefit from O'Donnell Commercial Real Estate Inc. has developed a team of individuals that will help tenants and buyers throughout all aspects of the real estate transaction.
From trusted general contractors and architects, to knowledgeable attorneys and bankers, O'Donnell Commercial Real Estate Inc. Бs relationship with these professionals is passed onto clients. Ability to remain anonymous Perhaps a client doesnБt want the word on the street that their company or business is coming to town. By using a broker with O'Donnell Commercial Real Estate Inc. , a client can remain anonymous throughout the entire real estate transaction, allowing the broker to be the point of contact. Access to recent transaction data for comparables O'Donnell Commercial Real Estate Inc. stays abreast of all market transactions so that clients benefit from recent sales and lease data. Keeping this knowledge current ensures clients get the best deal possible. They have relationships with local brokers and landlords Brokers with O'Donnell Commercial Real Estate Inc. regularly network with other local brokers and landlords to maintain business relationships with these people. In doing so, real estate transactions tend to move smoother and quicker. Save you money Abatement, moving allowance, and tenant improvement dollars are just a few ways brokers with O'Donnell Commercial Real Estate Inc. help save clients money. Allowing a broker to help in the real estate process means benefitting from their market knowledge. Since O'Donnell Commercial Real Estate Inc. Бs brokers are working in the industry on a daily basis, they know what the current market trends are and what landlords will give tenants to make a transaction successful.
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