A brokerage is any entity or firm of brokers, or one which functions in the manner of a broker, charging commissions/fees for providing its services. It could be a company that is selling/buying assets/products for its clients.
The definition of a brokerage is any entity or organization which is purchasing and selling property, shares, and other assets on the behalf of other individuals. This could also be a firm of brokers who help people sell and purchase real estate or property.
The term brokerage is closely linked to the real estate industry. Brokers help buyers find and purchase the right properties. They also help tenants find and rent homes. They also help investors and companies find commercial properties to rent or purchase. Similarly, they double up as assistants for sellers of any property, helping them find buyers and close transactions within a faster time span. The brokerage is the intermediary firm/agency of brokers in this regard. At the same time, the commission/amount paid to a broker for his/her services is also known as the brokerage fee.
