An Agent and A Broker

What is the difference between an agent and a broker?

Questions by karthik_k

Showing Answers 1 - 2 of 2 Answers

smsreddy

  • May 20th, 2009
 

Broker is individual and not a part of any organization/company.
Agent works for a company for eg : LIC agent works for LIC.

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Inclus12

  • Oct 27th, 2009
 

Yes there is. Let me clarify:-
1. An   agent represents one   Company while a Broker represents the Customer and takes the customer details and goes to multiple companies to get the best quote and services. 
2. A Broker can compare and provide a comparison to the customer, an  agent cannot. 
3.  An agent is only interested in selling the products of a   company while a broker can provide you multiple companies and Multiple Products(like Car, Health, Travel, Life etc.)

Hope this helps!
Inclus

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