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. How Is One Broker Different from Another? 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.