Financial Brokerage Group, a subsidiary of EFG Hermes Holding, also acted as the transaction broker for both Paradise Capital and Electrolux.
What does TB stand for?
TB stands for Transaction Broker (real estate)
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of TB
We have 44 other meanings of TB in our Acronym Attic
- Total Bilirubin (biology)
- Total Biomass (yield)
- Total Blockout
- Total Body
- Touch Base
- Tourist Banglow
- Towed Body
- Tracking Balance
- Tractor Biplane (US Navy)
Samples in periodicals archive:
As a transaction broker, the listing agent no longer has a fiduciary responsibility to get the highest price and the best terms for the seller in exchange for the 6 percent real estate commission.
Put simply, a web solution consists of four components: the marketing website; the webshop (including both business-to-business and business-to-consumer functions); the transaction broker which establishes the information link between components; and the accounting system.
The transaction broker functioned in the nature of an independent contractor representing neither the buyer nor the seller.
The transaction broker does not affirmatively represent either the buyer or seller as an agent, and no fiduciary duties exist except for the duty of accounting and the duty to use skill, care, and diligence.