What Are Business Broker Agreements?

A Business FAQ with Mark A. Williams.

A business broker agreement usually means that you have hired someone to sell your business for you. So you sign an agreement with them that will say, “I want to sell it for this amount of money and I’m going to give you a period of time to go try to sell it, and if you do sell it, then I have to pay you a commission.” You would hire a business broker just like you would hire someone to sell your house; it is very similar, but in those agreements, you really have to be careful to specify exactly what you are selling and exactly what are you paying a commission on.

© 2014 Parsonage Vandenack Williams LLC

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