What does Brokerage mean?

A brokerage ( like beycome ;) is a business that employs one or more licensed brokers. These brokers work together to help clients buy, sell, and rent properties, and the brokerage is responsible for managing the business operations and supporting the brokers in their work. A brokerage may also provide additional services such as property management and appraisal. Brokerages can be independent or part of a larger organization. Some real estate brokerages are also affiliated with real estate franchises, which provide additional resources and support to their brokers.

Related Terms

Proceeds of Condemnation Cpi and Market Rent Escalation (In a Lease) High-Rise Loft As-Is Condition Boundary Credit History Junior Mortgage Commercial Property Construction To Permanent Loan Insurable Title Consumer Credit Counseling Service (CCCS) Equifax American Society of Home Inspectors Use (In a Lease) Sublease Usury definition Fair Housing Act