Broker and commissioner are terms that are frequently used interchangeably in the real estate industry. KBBI defines a broker as a trade intermediary as someone who, in the absence of a formal professional relationship, finds buyers or sells items on behalf of others. A commissioner, on the other hand, participates in the transaction by getting paid a commission for the sale and purchase agreement, as specified under Article 62 KUHD of the Commercial Law.
The responsibility requirement for the transaction, however, is where the two differ significantly. How can one stay clear of land broker issues while being aware of the legal ramifications? This essay will address it by citing the parts of trade law that are expressly governed by the legislation as well as Article 62 of the KUHD, which offers advice on how to reduce risks while transacting in real estate and securities.
What is a Broker and Commissioner: Definition According to KBBI and the Distinctions Between Them
Broker
What does a broker do? The Big Indonesian Dictionary (KBBI) defines a broker as an intermediary who manages a situation for others and financial gain. A broker's job is to act as a middleman or agent in business transactions, including buying and selling, leasing, and other agreements, as well as selling items. Brokers typically are paid fees or commissions for their services. Stockbrokers, insurance brokers, and real eLS����
