Long Distance Brokering

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Posted by Benjie on June 26, 2003 at 17:39:51:

Most of the things I’ve read in either the e-course or books have described the exchanging of “documents” between the broker and the seller (and then again between the broker and the investor) as a physical transaction—there’s a room where the broker and seller meet, deal is closed, the seller leaves, in comes the investor, the deal is closed, and the investor leaves. Is doing this over long distances possible—can you broker notes without ever seeing the seller or the investor? If so, how does that transaction work and what are some safeguards that the broker needs to implement?

Benjie


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