Which of the following is true of brokers?
A) They typically assume title risks to a product.
B) They usually have physical custody of products.
C) They are looked upon as permanent representatives of both buyers and sellers.
D) They serve as go-betweens for a buyer or a seller.

Question

Quizplus · Accepted Answer

Brokers serve as intermediaries or go-betweens for a buyer or a seller. They do not assume title risks, have physical custody of products, or act as permanent representatives of buyers and sellers.

Which of the Following Is True of Brokers