Principal- Business Broker Terms – Free Consult

Although many business brokers act as a transactional broker, not al do and for some deals, it is best to embrace another relationship with the selling business owner. In Sarasota, Florida, during a business brokerage deal, the Business Broker acted as the agent for the seller, who was the principal in this relationship. The broker managed negotiations, ensuring that all terms, including the principal amount—the sum of money the buyer agreed to pay excluding any interest—were clear and advantageous for the principal. This arrangement ensured that the seller had professional representation, maximizing the effectiveness and efficiency of the sale process.