All of the options listed are true of brokered markets. Brokers provide a valuable service by bringing buyers and sellers together, often at a lower cost than direct search, and building a pool of price information through their extensive contacts.

Solved

In Brokered Markets

Question 56

Multiple Choice

In brokered markets:

A) the commission charged by brokers is a lower cost to buyers and sellers than the cost of direct search.
B) buyers and sellers are brought together for a commission.
C) brokers build a pool of price information through their extensive contacts.
D) All of the above are true of broker markets.

Correct Answer: