brokerage

noun

bro·​ker·​age ˈbrō-k(ə-)rij 

1

: the business or establishment of a broker

2

: a broker's fee or commission

Examples of brokerage in a Sentence

one of the country's largest brokerages

She works for a brokerage firm.

Recent Examples on the Web

But the settlement covers 180 brokerages with a total volume of $1.7 trillion last year. —Lew Sichelman, Miami Herald, 9 Apr. 2024

If even Epstein’s secret cabal is exposed to this kind of mediocre corporate espionage, then there truly is no place anybody can hide from the roving eye of the data brokerage industry. —Lucas Ropek / Gizmodo, Quartz, 28 Mar. 2024

Molnar said plans include investment and growth in the marina with dock and seawall rehabilitation, more heated boat storage space, new and used boat brokerage and customer-centric technology. —Susan Selasky, Detroit Free Press, 22 Mar. 2024

More than a quarter of the city’s office space — rising to almost 30% in downtown LA — is currently vacant, according to the latest data from property brokerage Savills. —Oscar Holland, CNN, 22 Mar. 2024

The organization, which oversees licensing requirements and sets rules and regulations in New York City real estate, represents more than 15,000 local real estate professionals and more than 800 different brokerages. —Anna Kodé, New York Times, 21 Mar. 2024

Two other large real estate brokerages agreed to similar settlement terms last year. —Alex Veiga, The Christian Science Monitor, 18 Mar. 2024

Alternative business models including flat-fee and discount brokerages could become more widespread, realtors will be allowed to advertise their fees and compete on commissions, and buyers will be able to shop around and choose lower-cost agents. —Alexis Christoforous, ABC News, 15 Mar. 2024

That pit stop in the brokerage account isn’t the only attempt at creating friction. —Ron Lieber, New York Times, 28 Mar. 2024

Word History

First Known Use

15th century, in the meaning defined at sense 1

Kids Definition

brokerage

noun

bro·​ker·​age ˈbrō-k(ə-)rij 

1

: the business of a broker

2

: the fee or commission charged by a broker

Legal Definition

brokerage

noun

bro·​ker·​age ˈbrō-kə-rij 

1

: the business or establishment of a broker

2

: a broker's fee or commission