Definition. There are two types of wholesale brokers: managing general agents and surplus lines brokers. The latter work with the retail agent and the insurer to obtain coverage for the insured; but unlike a managing general agent, a surplus lines broker does not have binding authority from the insurer.
How will my broker communicate with me when I request the broker service? Does it cost anything to sell my my domain with the help of a broker? How will Sedo's brokers help me market and sell my domains? Do I still have to pay for the buyerside broker service if Sedo fails to get the domain for me? Additional questions answers