What is the primary function of a salvage broker?

The primary function of a salvage broker is to act as an intermediary in the process of selling salvaged merchandise without actually owning a salvage establishment. This role involves finding buyers for salvaged goods that may be damaged, excess inventory, or otherwise unsellable through traditional retail channels. Salvage brokers bring together sellers who have goods they need to liquidate and buyers who are interested in purchasing these goods at lower prices, thus facilitating positive economic transactions.

The function of a salvage broker is distinct because it primarily focuses on brokerage rather than owning or operating a physical salvage business. This setup allows brokers to use their expertise and networks to maximize the value and market reach of salvaged items without being tied to the operational complexities of managing a salvage yard or repair shop. This is essential in industries where damaged goods can still hold significant value if marketed appropriately.