Broker Association

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Broker Association

A voluntary organization of members of an exchange in which members share responsibility for filling client orders, making trades, and so forth. That is, a broker association is a group of individual brokerages that acts as one brokerage. A broker association is useful especially for small brokerages that can "team up" with each other to make better deals for clients.
References in periodicals archive ?
The Council of Insurance Agents & Brokers, the Independent Insurance Agents of America and over eighty other international agent and broker associations have formed the World Federation of Insurance Intermediaries (32.
It also provides an extensive list of nationwide co-packers and broker associations who can help develop and market your product; $27.
TrainingPro, the leading continuing education provider for the mortgage industry, recently announced partnerships with four state mortgage broker associations to provide education services for its members.