What is a Broker or Brokerage?

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Real estate agents all work for a brokerage. In this sense a broker is the owner of a company, such as Royal LePage. Broker can also refer to a mortgage broker, who works with multiple lending institutions to find the best mortgage conditions for you. Officially, a broker is any individual/company who brings two other individuals/companies together to make a business deal and a commission or fee is given to them for their service.

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