May, 2012 5:17 AM
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Brokerage
A broker’s business; a company that acts as an intermediary between buyers and sellers to facilitate transactions. Brokerage businesses charge a brokerage fee for services they provide (negotiation, purchases, sales, transaction counselling, etc).
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Brokers can be found operating in multiple markets – insurance, stock exchanges, real estate, etc. The services they provide are in the area of intermediation, making demand and supply meet more easily.
The fees they charge can take the form of a flat payment or a percentage of the transaction.
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