Brokerage
/ˈbroʊkərɪdʒ/
nounIntermediateCommonBusiness
Meaning
Questions
Definitions
1
The activity of buying and selling goods or services on commission.
/ˈbroʊkərɪdʒ/
nounneutralIntermediate
Business
The business of a broker.
Their brokerage fees were quite competitive.
💡 Simply: The work of someone who buys and sells things for others.
More Examples
2
The online brokerage offered a wide range of investment options.
How It's Used
Finance
"The brokerage firm executed the trade swiftly."
Real Estate
"The real estate brokerage handled the sale of the property."
From Middle English *brokage*, from Old French *brocage*, from *broker* "agent, mediator".
The term has evolved from referring primarily to the act of mediating deals to encompassing the entire business structure involved.
Memory tip
Think of a 'broker' acting as a go-between, their 'age' of activity is the brokerage.
Practice
Base: broker
brokerageebrokarage
Usage
20%Spoken
80%Written