Agent or broker

Scrap agent versus scrap broker in Australia

Similar names, different jobs. One is hired for a commission set on the platform, the other resells scrap with a private margin. Here is the comparison.

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Scrap agent versus scrap broker

The names are close and the roles are different. An agent is hired by a seller or buyer, and the commission is set and settled through ScrapTrade. A broker is a seller who sources scrap from someone else and resells it, and the broker's margin is arranged privately.

Scrap agentScrap broker
Who appoints themA seller or a buyer, through a hiring agreementNobody; the broker operates independently
What they doHelp sell or buy scrap, or manage a transaction, for their clientSource scrap from an original seller and list it for sale
How they are paidA commission percentage agreed at hiring, locked once confirmedA margin or commission agreed privately with the original seller
Does ScrapTrade calculate it?Yes, and it appears in the payment breakdownNo. ScrapTrade does not calculate, deduct or distribute it
Default rate5%, editable before confirmationNot applicable
On the platformWorks for a seller or buyer who remains the party to the dealOperates as a seller, with a broker classification and a reference to the original seller
Platform feesApply to the deal as usualStandard platform fees apply to broker transactions

How a broker's margin works

Illustrative: a broker resells material sourced for A$800

Original seller's agreed priceA$800
Broker's listed selling priceA$1,000
Potential gross margin before expensesA$200

ScrapTrade does not calculate this margin or pass any part of it to the original seller. The broker deals with the original seller under their own agreement. Platform charges are extra. Example only.

Match the role to what you want

You want help with your own scrap

Hire a scrap agent if you want help selling or buying. See hire a scrap agent.

You source scrap from others and resell it

Operate as a scrap broker. See the broker page.

You want to work for sellers and buyers

Become a scrap agent. See become a scrap agent.

Not sure which applies to you? Describe your situation and we will point you the right way.

Request a scrap agent

What each role is responsible for

A broker is responsible for the authenticity of the listing and for meeting the seller's obligations on the platform, because to the platform the broker is the seller. An agent works for a seller or buyer who remains the party to the deal, under the hiring agreement the two of them confirmed.

Agents and brokers across states

Both roles operate under the state and territory rules that apply to the scrap trade where the material is located. Hiring an agent or buying from a broker does not change those rules. If the material and the parties are in different states, check each state's requirements.

Frequently asked questions

What is the difference between a scrap agent and a scrap broker?

A scrap agent is hired by a seller or buyer and is paid a commission set at hiring and settled through ScrapTrade. A scrap broker sources scrap from an original seller and resells it as a seller on the platform, with a margin arranged privately outside it.

Who pays a scrap agent, and who pays a scrap broker?

The seller or buyer who hires an agent pays the agent's commission. A broker earns a margin arranged privately with the original seller, which ScrapTrade does not manage.

Does ScrapTrade calculate a broker's margin?

No. ScrapTrade does not calculate, deduct or distribute a broker's margin. Standard platform fees apply to broker transactions.

Which should I choose?

Choose an agent if you want help with your own selling or buying. Operate as a broker if you source scrap from others and resell it.

Can I be both?

Possibly, but tell everyone which role you are acting in on each deal to avoid conflicts of interest.

More about hiring a scrap agent

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