Word: broker
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Reality set in after my first visit to a real estate broker. The Manhattan real estate broker might be considered the lowest from of the many creatures that inhabit New York City. He or she will trick you, pressure you, lie to you and take your money. Once you've paid him everything you can, he'll lure you into his clutches and demand more. But you have nothing more to go on than his word, because he has a monopoly on the housing information in New York City. In fact, it's close to impossible to find an apartment...
...felt even more naive and helpless when they told me that we would need a parental guarantor for our apartment because landlords do not like shares. Although I thought I was truly independent, making a decent salary, the broker wanted me to run back to mommy and daddy for help. Initially I took the brokers' words at face value. I called my father immediately, thinking he'd be happy to sign a piece of paper making him ultimately responsible for our rent. But he was not so willing, advising me to be more firm with the broker...
...television and to Auschwitz for a weekend as the guest of survivors. His story was even optioned by a would-be Hollywood dealmaker but, far from profiting, Meili discovered he had signed away his movie rights "without getting a cent" up front. As Andrew Decter, a New Jersey insurance broker who has taken the Meilis under his wing, explains, "He got starstruck, and we had to bring him back down to earth...
This ceaseless demand for information has given rise to lucrative alliances between online brokers and data providers. In one such deal, Datek signed a $1.5 million agreement in January to sponsor the stock market ticker on TheStreet.com www.thestreet.com) an electronic magazine filled with news and analysis of stocks and market trends. For its money, Datek gets a button on the site of TheStreet that brings viewers to the broker's home page...
...rolling out some fancy features of their own. E*Trade, which has more than 400,000 accounts with $10.2 billion in assets, last year acquired OptionsLink, an electronic service that helps companies manage employee stock-option plans. Datek offers free real-time stock quotes--a service that most brokers charge for--and promises to execute trades within one minute or refund the commission. That has helped make two-year-old Datek, which has 80,000 active accounts, the fastest growing e-broker, measured by daily transactions...