Licensed Brokers

The Great Ming Code ordered that the brokers of cities and villages, 牙行, be chosen from households that held property. Officials gave them seals and registers. Anyone who acted as a broker without a license received sixty strokes, and his fees went to the state.

The Handian dictionary defines 牙行 as a person or firm that helps buyer and seller close a deal and takes a commission. Its example comes from a Ming story: “When great households need someone to stand in the middle and guarantee, they often use him. He is plainly a broker without hair.” The man described is a monk.

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