Professional brokers serve as intermediaries between clients and some service provider. Traditionally, a business broker helps to identify acquisition targets for some client looking to expand. People can also obtain business broker jobs in a variety of other market segments, including mortgage lending, investment services, and the insurance industry. Most assuredly, a professional must earn some type of formal certification in order to be eligible for business broker jobs. It is possible that compensation for these representatives may be distributed as commissions based on sales volume.
Business broker jobs may be found at brokerage entities that employ a number of industry professionals, or it may be possible to find employment working for another broker. An individual may also serve as a sole proprietor and operate alone or with other employees. Common functions of business broker jobs include matching the seller of a business with a buyer or a buyer with a seller, depending on the needs of a client. Large corporations may hire investment banks to find target companies, but small businesses often do not have the resources or the scale to merit the involvement of an institution. Business broker jobs where mergers and acquisitions are involved could include identifying suitable acquisition targets or locating a buyer for an entity that is on the market to be purchased.
A mortgage broker may be hired to help clients achieve home ownership. It is rare for an individual to purchase a new home using all cash, and typically, buyers need some type of mortgage loan. Mortgage brokers are responsible for identifying appropriate lending institutions that might be willing to extend a loan to a certain individual based on a list of qualifying factors. Some of those conditions include the amount of cash a client has on hand for a down payment, credit history, and income of the borrower. A mortgage broker represents a borrower and typically must be available to a client throughout the mortgage process.
Real estate is another segment of the economy where business broker jobs exist. These professionals are certified to sell residential homes and corporate space to clients. A real estate broker is typically employed by some agency or operates his or her own firm. Compensation is largely, if not entirely, based on sales commissions. Finance is another industry where people can obtain business broker jobs. Major exchanges where agricultural and energy resources and financial contracts are traded may also hire licensed commodity brokers.