What is a "brokerage"?

A brokerage is fundamentally a business that offers services to facilitate real estate transactions. This includes tasks such as helping buyers find properties, assisting sellers in marketing their homes, and managing the various aspects of the real estate transaction process. Brokerages employ licensed real estate agents who act on behalf of clients in these transactions. They provide a platform through which agents can operate and access essential resources such as listings, market analyses, and marketing tools.

This definition highlights the role of brokerages as intermediaries in the real estate market, focusing on their function in connecting buyers and sellers while ensuring compliance with legal and regulatory standards. The definition encompasses the idea that brokerages serve as the backbone of the real estate industry, enabling agents to provide valuable services to clients and navigate the complexities inherent in real estate transactions.