In the traditional legal distinction between the two, a broker differs from an agent because a broker:
Explanation
A broker is legally the representative of the client and shops the market for that client, while an agent represents the insurer under an agency contract and can commonly bind coverage for it. Saying a broker is appointed by the insurer describes an agent instead. Both are licensed producers who owe duties to the people they serve, so the idea that a broker owes the buyer nothing is wrong.
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