Brokerage 

    Providing an individual to act on behalf of another person as an agent to locate and negotiate for the purchase, sale or lease of real estate. A broker performs a unique service of matching a purchaser and seller of real estate and, in effect, is the catalyst that makes a real estate transaction happen. Also, brokerage is the term for the fee or commission paid to a broker at the conclusion of a real estate transaction.

    « Back to Glossary Index