California, the first state to legalize medical marijuana back in 1996, became even more pot-friendly in 2016 when it made it legal to use and carry up to an ounce of marijuana without a prescription.
A broker is an individual or parties (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent âone who acts on behalf of a principal.
If you own a payment stream, brokers will connect you with the right person or company that can offer you a deal on the asset you want to sell. Before deciding if you should use a secondary market annuities broker, take a minute to review the types of brokers working in the structured settlement industry. Interactions with each type of broker will differ, as each has its own set of responsibilities and goals. 1  1A primary market broker is a licensed insurance agent who sets up structured settlements and other insurance agreements. 2  2A secondary market broker helps clients sell annuities and structured settlements in exchange for cash. They assist clients with handle short-term needs by making sure they are advanced cash for future payments. Clients trying to sell annuity payments turn to them.