RJO Futures is a commodity and financial futures brokerage firm with fast and reliable access to the global futures markets. Our team of in-house brokers have extensive insight on the futures markets,...
Chicago (IL) - - Phone: (800) 441-1616
Sun Acquisitions is a Chicago based M&A firm that specializes in helping people confidentially buy and sell privately held firms. We work with businesses across all industry sectors and sizes to...
Chicago (IL) - - Phone: (773) 243-1603
Transworld Business Advisors is the world leader in the marketing and sales of businesses, franchises, and commercial real estate. We are a global network of brokers offering turnkey solutions for...
Chicago (IL) - - Phone: (312) 801-6955
A broker working with a brokerage firm or an agency in Chicago, is someone who acts on behalf of his clients, as intermediaries. He conducts trading and negotiations on behalf of the buyer and seller; some agents who act for both the buyer and the seller are known as dual agency, which is regulated and limited by a number of state laws that can vary. Functions of business brokers include estimating the value of the business; advertising it for sale with or without disclosing its identity; handling the initial potential buyer interviews, discussions, and negotiations with prospective buyers; facilitating the progress of the due diligence investigation and generally assisting with the business sale. If the object of transactions is real estate, then he/she is known as a real estate broker. It is easier to complete transactions via a broker, because he ensures confidentiality, he knows the market system, can perform appraisals, advertise the business, negotiate a favourable contract or sale, and generally make the process of buying and selling easier. A broker is usually remunerated by any of these ways: hourly, retainer, and success fee (commission upon a closing). As a thumb rule, smaller transactions have a higher rate of compensation.
