brokerage
gb/bɹˈoʊkɚɪd͡ʒ/ us/bɹˈoʊkɚɪd͡ʒ/
C1
English
Senses
0 senses
Noun
business
C1
entity
1
broker company
A brokerage is a company that helps clients buy or sell things such as shares, insurance, or property.
Usage pattern:
a [adjective] brokerage; [someone] works for/at a brokerage
Common mistake:
Do not confuse a brokerage with an individual broker; a broker is a person or firm, while a brokerage is usually the firm or business.
Synonyms
brokerage firm (More explicit term for the company.)
|
brokerage house (Often used for a financial brokerage; slightly more traditional.)
|
broker-dealer (A regulated securities firm; narrower and more technical.)
|
agency (Broader term for a business that represents clients.)
Collocations
large brokerage
|online brokerage
|discount brokerage
|full-service brokerage
|real estate brokerage
|insurance brokerage
|brokerage firm
|brokerage house
|local brokerage
|independent brokerage
Themes
business
|finance
|real_estate
|insurance
Examples
- She opened an account with a brokerage that offers low trading fees.
- The small brokerage specializes in commercial real estate.
- Several brokerages now let customers buy fractional shares through an app.
Learner examples
- My uncle works at a brokerage.
- This brokerage helps people invest.
Noun
business
C1
process
2
broker services
Brokerage is the work of connecting buyers and sellers or arranging deals for clients.
Usage pattern:
[type] brokerage; brokerage services; the brokerage of [a deal/agreement]
Common mistake:
Use brokerage as a noun; the verb is broker, as in broker a deal.
Synonyms
brokering (Emphasizes the action of arranging a deal.)
|
intermediation (More formal term for acting between parties.)
|
mediation (Used more for agreements, disputes, or negotiations than for sales.)
Antonyms
direct dealing (Doing business without a broker or other intermediary.)
|
disintermediation (Technical term for removing intermediaries from a transaction.)
Collocations
brokerage services
|stock brokerage
|insurance brokerage
|customs brokerage
|real estate brokerage
|freight brokerage
|brokerage business
|brokerage industry
|brokerage operations
|brokerage of deals
Themes
business
|finance
|trade
|services
Examples
- The bank expanded its brokerage services for wealthy clients.
- She built a career in freight brokerage before starting her own logistics company.
- The nonprofit helped with the brokerage of an agreement between the two sides.
Learner examples
- Brokerage connects buyers and sellers.
- He works in insurance brokerage.
Noun
business
C1
quantity
3
broker's fee
Brokerage can mean the money you pay a broker for their service.
Usage pattern:
[pay/charge] brokerage; brokerage fee/commission; brokerage on [a transaction]
Common mistake:
In many contexts, brokerage fee or commission is clearer than brokerage alone.
Synonyms
commission (Common general term for payment based on a transaction.)
|
broker's fee (Clearer and more explicit.)
|
service charge (Broader term; not necessarily paid to a broker.)
Antonyms
rebate (Money returned rather than charged.)
|
fee waiver (Cancellation of a fee rather than the fee itself.)
Collocations
brokerage fee
|brokerage fees
|brokerage commission
|brokerage charges
|pay brokerage
|charge brokerage
|brokerage costs
|brokerage rate
|brokerage on a trade
|flat brokerage
Themes
business
|finance
|money
|real_estate
Examples
- The brokerage was calculated at 1 percent of the sale price.
- Their app reduced brokerage to a few dollars per trade.
- Ask whether the quoted price includes brokerage and other charges.
Learner examples
- The brokerage was $20.
- We paid brokerage when we signed the lease.
Grammar
Dictionary form
brokerage
IPA
GB/bɹˈoʊkɚɪd͡ʒ/
US/bɹˈoʊkɚɪd͡ʒ/
Syllables & stress
broker - age (2 syllables)
Stress on 1st syllable (broker)
Word forms
Noun
- Base: brokerage
- Plural: brokerages
Expressions
brokerage account
1/bɹˈoʊkɚɪd͡ʒ əkˈaʊnt/
fixed phrase
business
investment trading account
A brokerage account is an account you use to buy and hold investments.
Examples
- You can transfer money from your bank to your brokerage account.
- She opened a brokerage account to buy index funds.
- The tax form listed dividends from his brokerage account.
customs brokerage
1/kˈʌstəmz bɹˈoʊkɚɪd͡ʒ/
fixed phrase
business
import clearance service
Customs brokerage helps goods pass legally through customs when they cross borders.
Examples
- The importer outsourced customs brokerage to avoid delays at the port.
- Customs brokerage involves classifying goods and submitting documents to government authorities.
- A mistake in customs brokerage can lead to extra duties or shipment delays.
discount brokerage
1/dˈɪskaʊnt bɹˈoʊkɚɪd͡ʒ/
fixed phrase
business
low-cost brokerage
A discount brokerage is a lower-cost brokerage, often for people who make their own investment decisions.
Examples
- She chose a discount brokerage because she makes her own investment decisions.
- The rise of discount brokerages pushed trading commissions down.
- A discount brokerage may offer limited personal advice.
full-service brokerage
1/fˈʊl sˈɚvɪs bɹˈoʊkɚɪd͡ʒ/
fixed phrase
business
advice-focused brokerage
A full-service brokerage gives more help and advice, but it often costs more.
Examples
- High-net-worth clients often use full-service brokerages for advice and research.
- The full-service brokerage charged more but assigned her a personal advisor.
- Some investors prefer a full-service brokerage when planning for retirement.
insurance brokerage
1/ɪnʃˈʊɹəns bɹˈoʊkɚɪd͡ʒ/
fixed phrase
business
insurance-buying intermediary
An insurance brokerage helps people or companies find insurance.
Examples
- The company hired an insurance brokerage to compare health plans.
- An independent insurance brokerage can place policies with several insurers.
- The insurance brokerage specializes in coverage for small businesses.
mortgage brokerage
1/mˈɔɹɡɪd͡ʒ bɹˈoʊkɚɪd͡ʒ/
fixed phrase
business
mortgage loan intermediary
A mortgage brokerage helps people find home loans.
Examples
- The mortgage brokerage helped them find a loan with a lower rate.
- Some mortgage brokerages are paid by lenders, borrowers, or both.
- She joined a mortgage brokerage after working at a bank.
online brokerage
1/ˈɔnlˌaɪn bɹˈoʊkɚɪd͡ʒ/
fixed phrase
business
internet-based brokerage
An online brokerage lets customers invest through the internet or an app.
Examples
- Many online brokerages let customers trade from a phone app.
- Before choosing an online brokerage, compare its fees and research tools.
- The online brokerage added retirement accounts last year.
real estate brokerage
1/ɹˈil ɪstˈeɪt bɹˈoʊkɚɪd͡ʒ/
fixed phrase
business
property brokerage business
A real estate brokerage helps people buy, sell, or rent property.
Examples
- The real estate brokerage opened three new offices in the city.
- Under state law, each agent must work under a licensed real estate brokerage.
- She left a national real estate brokerage to start her own firm.