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Brokerage Firm

A firm that conducts transactions on behalf of a client. Some brokerage firms only conduct transactions, while others also offer different types of investment advisory services. Brokerage firms derive their profit from commissions on orders given. That is, they usually collect a percentage of the value of each transaction, though some charge flat fees. Clients may give orders in a variety of ways. One may meet with a broker, call on the telephone, or give orders over the Internet. Brokerage firms handle two main types of brokerage accounts: advisory accounts and discretionary accounts. Brokers are only allowed to conduct transactions on advisory accounts on the specific orders of the account holder, or under very specific instructions. Brokerages have much more leeway over discretionary accounts, conducting transactions not prohibited by the account holder in accordance with the holder's investment goals and the prudent man rule. In practice, most brokerage firms are in fact broker-dealer firms. Most brokerage firms must register with the SEC.


A real estate activity devoted to assisting buyers and/or sellers in the purchase of real property.In smaller communities,brokerage activities are conducted on a type of general practitioner basis. In larger communities, brokers generally specialize in certain price ranges or types of residential properties; or some combination of office buildings, retail space, food service, industrial, warehouse,farms and lands,or development land.

References in periodicals archive ?
And yet, it probably is the most important term defining the area of real estate brokerage law.
Chapter Seven is a review of the development of two major brokerage business models in China: the traditional outlet oriented model and the emerging but booming online trading model.
C&W Brokerage Professional: Jay Hruska (Stamford Office)
The company remains a stock to own for the long run with five leading brokerages.
C&W Brokerage Professionals representing the tenant: Fred Smith, Kevin McNeil (New York Midtown Office) Jonathan Meisel, (E.
C&W Brokerage Professionals: Paul Glickman, Matthew Astrachan (Midtown New York office).
He is a frequent lecturer at brokerage seminars and was on the faculty of New York University School of Continuing Legal Education.
In addition to its 3,100 Registered Investment Advisor clients, Fidelity has been providing clearing, custody and brokerage services to bank trust departments and third-party administrators (TPAs) for nearly 15 years.
A quantum meruit cause of action entitles the broker to the reasonable value of his services, even though no brokerage agreement was ever signed.
Some of the areas in the broker-principal relationship that particularly merit documentation include exclusive brokerage arrangements, the time at which the commission is earned, duration of the broker's employment and termination of such employment.
OMX Exchanges Ltd and Helsinki Stock Exchange Ltd, subsidiaries of OMX AB (STO:0MX), and Finnish Central Securities Depository Ltd (APK), a former subsidiary of OMX AB, are since June 2004 defendants in a lawsuit in Helsinki District Court in which twenty two banks and brokerage firms have made claims totaling to approximately EUR 5.
com/reports/c27206) has announced the addition of China Brokerage Market to their offering.