brokerage

/ˈbroʊkərɪdʒ/
noun
  1. A company or firm that acts as a broker, buying and selling stocks, real estate, insurance, etc. for clients.
    • She opened an account with an online brokerage to trade stocks.
    • He works for a large brokerage in downtown Chicago.
    • The real estate brokerage has offices in three cities.
  2. The fee or commission charged by a broker for their services.
    • They charged a small brokerage for handling the transaction.
    • The brokerage on the sale was 5% of the total price.
    • The brokerage fee was deducted from the proceeds of the sale.
  3. The business or activity of being a broker.
    • The laws governing brokerage have become stricter.
    • He made a career in insurance brokerage.
    • She went into brokerage after college.
What does "brokerage" mean? | whatsthatwordmean | whatsthatwordmean