brokerage
A brokerage is an organization or business that acts as an intermediary between a buyer and a seller, usually charging a commission for the service. It can also refer to the fee charged by a broker or the business of acting as a broker in financial or real estate markets.
Examples
3 of 5I opened a new account with an online brokerage to manage my stock investments.
I started a new account at an internet-based trading firm to handle my shares.
The acquisition was facilitated by a leading global brokerage specializing in high-value assets.
The purchase was assisted by a major international firm that handles expensive property.
Is that brokerage still charging high fees for simple trades?
Does that company still ask for a lot of money when you buy or sell stocks?
Synonyms
Antonyms
Word Family
Memory Tip
Think of the suffix '-age' as indicating a 'package' of services provided by a 'broker'.
Quick Quiz
Before buying the apartment, we had to pay a significant _____ fee to the agency.
Correct!
The correct answer is: a
Examples
I opened a new account with an online brokerage to manage my stock investments.
everydayI started a new account at an internet-based trading firm to handle my shares.
The acquisition was facilitated by a leading global brokerage specializing in high-value assets.
formalThe purchase was assisted by a major international firm that handles expensive property.
Is that brokerage still charging high fees for simple trades?
informalDoes that company still ask for a lot of money when you buy or sell stocks?
Sociological research suggests that brokerage roles are essential for information flow between isolated groups.
academicStudies in sociology show that acting as a middleman is vital for sharing info between separate groups.
The company reported a significant increase in revenue from its real estate brokerage division.
businessThe firm earned much more money from its department that helps people buy and sell houses.
Synonyms
Antonyms
Word Family
Common Collocations
Common Phrases
full-service brokerage
A firm that provides investment advice and research in addition to trading
prime brokerage
A bundle of services offered by investment banks to hedge funds
power brokerage
The exercise of influence or control in political or business circles
Often Confused With
A 'broker' is the individual person performing the trade, while 'brokerage' is the company or the business activity itself.
Arbitrage is the practice of profiting from price differences in different markets, not the service of acting as a middleman.
Usage Notes
Use 'brokerage' when referring to the institution (the firm) or the fee/process. It is most commonly used in the context of finance (stocks) and real estate.
Common Mistakes
Learners sometimes use 'brokerage' to refer to a single person; use 'broker' for the person. Also, do not use it as a verb; use 'to broker' instead.
Memory Tip
Think of the suffix '-age' as indicating a 'package' of services provided by a 'broker'.
Word Origin
Derived from the Middle English word 'brocour' (a small trader) with the suffix '-age' denoting a business or service fee.
Grammar Patterns
Cultural Context
In many Western countries, having a personal brokerage account is a common way for middle-class individuals to save for retirement.
Quick Quiz
Before buying the apartment, we had to pay a significant _____ fee to the agency.
Correct!
The correct answer is: a
Related Vocabulary
Related Words
to
A1Used to indicate the place, person, or thing that someone or something moves toward. It can also mark the recipient of an action or the limit of a range.
and
A1A primary conjunction used to connect words, phrases, or clauses that are grammatically equal. It indicates addition, a sequence of events, or a relationship between two things.
a
A1A word used before a singular noun that is not specific or is being mentioned for the first time. It is used only before words that begin with a consonant sound to indicate one of something.
that
A1This word is a demonstrative pronoun used to indicate a specific person, object, or idea that is further away in space or time from the speaker. It is also used to refer back to something that has already been mentioned or to introduce a clause that identifies something.
I
A1The pronoun 'I' is used by a speaker or writer to refer to themselves as the subject of a verb. It is the first-person singular subject pronoun in English and is always capitalized regardless of its position in a sentence.
for
A1Used to show who is intended to have or use something, or to explain the purpose or reason for an action. It is also frequently used to indicate a specific duration of time.
not
A1A function word used to express negation or denial. It is primarily used to make a sentence or phrase negative, often following an auxiliary verb or the verb 'to be'.
with
A1A preposition used to indicate that people or things are together, in the same place, or performing an action together. It can also describe the instrument used to perform an action or a characteristic that someone or something has.
he
A1A pronoun used to refer to a male person or animal that has already been mentioned or is easily identified. It functions as the subject of a sentence.
you
A1Used to refer to the person or people that the speaker is addressing. It is the second-person pronoun used for both singular and plural subjects and objects.
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