Official definition

This industry comprises wholesale trade agents and brokers acting on behalf of buyers or sellers in the wholesale distribution of goods, including those that use the Internet or other electronic means to bring together buyers and sellers. Agents and brokers do not take title to the goods being sold but rather receive a commission or fee for their service. Agents and brokers for all durable and nondurable goods are included in this industry. Illustrative Examples: Independent sales representatives Manufacturers' sales representatives Group purchasing organizations (acting as agents for goods distribution) Cross-References.