brokerage Definition | Business Dictionaries from AllBusiness.com
Facebook Twitter You Tube RSS Feed

Business Glossary

SEARCH THE BUSINESS GLOSSARY

Search Business Glossary:

Business Definition for: brokerage
Dictionary of Business Terms
brokerage

  1. business of being a BROKER. One may open a brokerage office, upon receiving a broker's license, for the purpose of engaging in brokerage.
  2. commission received by a broker for his services. For example, the brokerage on the sale of a $100,000 house was $6,000.

Dictionary of Insurance Terms
brokerage

insurance coverage sold by a broker as contrasted with insurance coverage sold by an agent .

See also brokerage fee
Dictionary of Real Estate Terms
brokerage

  1. the business of being a broker .
    Example: One may open a brokerage office, upon receiving a broker's license, for the purpose of engaging in brokerage.

  2. the commission received by a broker for his services.
    Example: The brokerage was $18,000 on the sale of a $300,000 house.

Related Terms:
brokerage fee

commission paid to a broker who buys and sells securities. Fees vary depending on whether a full-service broker (e.g., one that provides recommendation reports) or a discount broker (e.g., one that just executes orders) is used. An example of a full-service broker is Prudential-Bache Securities. An example of a discount broker is Charles Schwab & Co. Fees also vary within each category so one full-service broker may charge you a different commission rate than another. Brokerage fees may depend on the market price per share and the number of shares traded.

Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
 Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
 Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Back to Business Glossaries Home

AllBusiness Greatest Hits