Three Unexpected Ways Your Broker Can Help You
Have you been utilizing your broker to your benefit?
First off, what is a broker? Many people are familiar with real estate agents, but brokers are actually found in a variety of fields. Their main job is to act as a go-between for people who are selling and buying things. A commission is then charged based on the price of the final transaction. How can you get and use a broker to your benefit?
Contrary to popular belief, brokers are not only for those who are more fluid in cash flow. Aside from real estate, you can use brokers for insurance, investment, and even your marriage. We’ll look at three ways a broker can help you make the most of your hard-earned money.
Insurance
Insurance brokers sell and negotiate insurance for you. The most important type is for when you’re on the road. They contact different companies to find the best coverage for your money. It may be challenging to find affordable insurance if you’re a motorcycle driver or have an older car.
The Brokerlink website reminds us that insurance is important for multiple reasons. The province of Ontario requires you to have insurance, but more importantly, if you’re in a fender bender and you’re uninsured, you’ll have to pay for the damages out of pocket, rather than getting money from your insurance provider.
Pawnbrokers
These brokers have gotten a bad name, mostly from stereotypes seen in movies or T.V. shows. They are portrayed as cut-throat and cold as ice. The fact of the matter is, they want to help you.
It’s a calculated risk you’ll have to take if you don’t want to work with banks or ask your family for help. How valuable is your item? How much will someone else want it? Choose your pieces wisely!
Going to an advance cheque cashing place only puts you in more debt through excessive interest charges.If you are confident you can buy back your collateral on time, go for it!
Intellectual Property Brokers
Have you recently coined a term? Did you design a trademark or come up with a slogan for a company? You may need an intellectual property broker. You don’t need to be Einstein or Edison to have intellectual property over a new word or phrase you see being used in social media.
Beyonce and Taylor Swift are two great examples of people who have trademarked phrases that are in use still today. Phrases like “you know you’re bootylicious,” or “that sick beat” are trademarked by Beyonce and Taylor Swift.
If you come up with the idea that is yours and may be used by the general public, talk to an intellectual property broker. With the internet being as accessible as it is, it may be easy for your intellectual property to be used without your consent.
What Does This Mean For Me?
You may think that brokers are for rich people. This is not the case. They are there to help when it comes to choosing the best insurance option. They can help provide money fast without interest charges. They can also protect your intellectual property from being “misappropriated.”
Whatever you need, you can find a broker that fits you! Ensure you do your research, ask your friends, get a second opinion. You’ll find a broker out there that suits you!
