Dealer Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Dealer, written in plain English, along with examples of how it is used.
What is Dealer?
someone who deals in property as a business; involving himself in buying and re-selling of property or goods for profit-making. The trade involved is not occasional hence the need for licenses, registration with tax department, etc
History and Meaning of Dealer
The term "Dealer" has been used throughout history to describe a person or business who practices the buying and selling of goods or services, often for a profit. The roots of the term can be traced back to the Middle Ages when merchants and traders would travel long distances to sell their goods in foreign markets. Today, the term is commonly used in the context of the sale of vehicles, real estate, and other high-value goods or services.
In the United States, the federal government regulates various types of dealers, including firearms dealers, automobile dealers, and art dealers, among others. These dealers must comply with a range of regulations, including obtaining licenses, registering with government agencies, and complying with consumer protection laws.
Examples of Dealer
Automobile dealerships - These businesses specialize in selling new and used vehicles to consumers. They typically have a showroom where customers can browse cars and trucks, and they also offer financing options to help customers purchase the vehicle.
Art dealers - These individuals specialize in buying and selling items such as paintings, sculptures, and other types of artwork. They often work with private collectors and museums to acquire and sell rare and valuable pieces.
Real estate agents - These professionals help individuals buy and sell properties, including homes, apartments, and commercial buildings. They work with clients to find properties that meet their needs and negotiate on their behalf to help them achieve the best possible outcome.
Legal Terms Similar to Dealer
Broker - A person who acts as an intermediary between buyers and sellers of goods or services. They typically charge a commission for their services.
Trader - A person or business that buys and sells securities or other financial instruments for profit.
Merchant - A person or business that engages in the buying and selling of goods or services for profit. They may also be involved in production or manufacturing activities.