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Abstract

Brokers, as intermediaries in economic transactions, play a crucial role in facilitating meetings between sellers and buyers. This study presents a literature review of the role of brokers in various economic contexts. First, we explore the concept and definition of brokers and the evolution of their role over time. Next, we discuss the key functions of brokers, including seller-buyer matching, negotiation, information gathering, document management, risk management, and after-sales service provision. The literature analysis also highlights the role of information technology and online platforms in transforming the economic intermediation landscape, with the emergence of electronic platforms that directly connect sellers and buyers. In addition, we explore factors that influence brokers' success in economic transactions, including trust, reputation, and service quality. This study also identifies several challenges faced by brokers, including increased competition, regulatory changes, and technological risks. Finally, we summarize the implications of this study for practitioners and policymakers, highlighting the importance of innovation, sustainability, and adaptation to changing business environments. Thus, this study provides a better understanding of the role of brokers in economic transactions and the challenges and opportunities they face in the context of an evolving global economy.

Keywords

broker islamic economics business

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