Brokerage
/ˈbroʊ.kɚ.ɪdʒ/
Definitions
- (n.) The business or service of acting as an intermediary to arrange transactions between buyers and sellers, especially in finance or real estate.
The brokerage earned a commission for facilitating the sale of the property.
- (n.) The fee or commission charged by a broker for services rendered in a transaction.
She paid a brokerage fee for purchasing shares through her broker.
Related terms
See also
Commentary
Brokerage commonly refers both to the agency service provided by brokers and the commission earned; clarity in contracts is advisable to specify which meaning applies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.