Brokering 101 - How do we go about depositing funds?

Discussion in 'Growing and Managing a Business' started by Trep117, Oct 29, 2013.

  1. Trep117

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    Mar 3, 2013
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    Hey guys,

    I have need a few questions answered in regards to brokering.

    I had a deal fall into my lap that consists of 50k units (electronics) and there happens to be 3 brokers in which I am in the middle. I have the relationship with the selling broker and the buying broker.

    Here is my question; How do we go about depositing funds. It would have to go from the buyer to the buyers broker, then to me then to the selling broker, then to the seller. It just seems kind of complicated. Is there an easy way to do this?

    What would you seasoned brokers do in this situation?

    Thanks for all your help!

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