Brokerage refers to the business or service of acting as an intermediary in financial or commercial transactions, typically between buyers and sellers. This involves facilitating the buying, selling, or trading of assets, such as stocks, bonds, real estate, or commodities. brokerage firms earn a commission or fee for providing this service. The process includes offering advice, providing market information, executing trades, and ensuring regulatory compliance. Successful brokerage hinges on building trust, offering competitive prices, and providing excellent customer service. brokerage firms manage financial risk, match buyers and sellers, and ensure smooth transactions for the clients' benefit. They are vital for efficient markets.
Brokerage meaning with examples
- The real estate brokerage helped the couple find their dream home by connecting them with potential sellers, negotiating the price, and handling all the necessary paperwork. They took a commission from the final sale.
- Before investing, the savvy investor chose a discount brokerage with lower trading fees, as this would save them money over time when making purchases and sales.
- A full-service brokerage offered comprehensive financial planning services in addition to stock and bond trading. This included personalized advice from experienced financial advisors, and access to research reports.
- The brokerage was accused of market manipulation, which resulted in significant fines and reputational damage, highlighting the importance of ethics and compliance in the industry.
- With the rise of online brokerages, many individual investors can now directly access financial markets, managing their own portfolios without the need for an intermediary, though risks remain.
Brokerage Synonyms
agency dealership intermediation market maker trading platformBrokerage Antonyms
direct sale independent trading non-mediated transaction self-directed investingBrokerage Crossword Answers
13 Letters
BROKERAGEFIRM
14 Letters
BROKERAGEHOUSE SECURITIESFIRM