Definition: Real estate brokerage is the business of providing regulated services that bring together parties and assist with real estate sales, purchases, exchanges, or rentals for others.
Example
A brokerage helps an owner find tenants and negotiate a lease for a fee.
Keep the distinction clear
Brokerage is a business activity; single agency and transaction brokerage describe relationships and duties within that activity.
Related terms
Broker · Sales Associate · Agency
Keep studying
A BAR SALE: Which Real Estate Activities Require a License?
References: Florida Statutes 475.01: brokerage definitions
Pronunciation (US): REE-uhl ih-STAYT BROH-ker-ij (capitals show stress)
Pronunciation reference: Merriam-Webster
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