Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Broker-Dealer

A firm that is in the business of buying and selling securities, including private real estate funds.  Broker-dealer licensing is required for functions such as providing investment advice to customers, market making activities, facilitating trading activities, and raising capital for companies.  
 

Source: NCREIF | Date: 02 September 2025 | ID: D0954 | Version: 1