A brokerage is a firm or individual that acts as an intermediary between buyers and sellers in financial markets. They facilitate transactions by helping clients buy or sell assets such as stocks, bonds, or real estate. Brokerages earn money through commissions or fees for their services. There are different types of brokerages, including full-service and discount brokerages. Full-service brokerages offer personalized advice and a range of services, while discount brokerages provide fewer services at lower costs. Both types play a crucial role in the financial market by making it easier for individuals and businesses to trade assets.