Also called acquisition broker · buy-side broker
Buyer broker, explained
The broker researches the owner, opens contact and negotiates toward a budget the buyer sets. Fees vary: a flat fee, a retainer, a success fee tied to the final price, or a mix. GoDaddy's Domain Broker Service is one packaged version: the buyer stays anonymous, an agent has up to 30 days to reach a deal, and the service purchase is non-refundable if the owner will not sell. Payment and transfer then run through escrow or the registrar.
For a domain investor, an approach from a buyer broker is a signal, not a price. It usually means a buyer with a real need and a budget, but the broker's job is to pay as little as possible, and a low opening figure is part of that job. Quote from your own valuation, not from the broker's anchor. Ask who pays the broker, and never pay a fee yourself to someone who represents the buyer. Anonymity is standard because a well-known company's name in the email changes the price.
Example. A seller receives a buyer broker's opening offer in the low four figures for a one-word .net and counters from a price range set before the email arrived.
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Education, not financial, legal or tax advice. Domain investing is speculative and most domain names never sell. Read the disclaimer.