A brokerage is a firm or individual that acts as an intermediary between buyers and sellers in financial markets. They facilitate transactions for various assets, including stocks, bonds, and real estate, by connecting clients with the necessary resources to make trades. Brokerages can be full-service, offering personalized advice and services, or discount, providing basic trading platforms with lower fees. Brokerages earn money through commissions, fees, or spreads on trades. They may also provide research, market analysis, and investment advice to help clients make informed decisions. Popular types of brokerages include online brokerages, investment banks, and real estate brokerages.