A brokerage is a company which acts as an intermediary between a purchaser and a seller. The term is commonly referred to as a brokerage firm. To brokera deal is to communicate with both the buyer and seller in order to accept a price on the purchase. A brokerage firm completes any required legal paperwork, obtains the appropriate signatures, and collects money from the purchaser to give to the seller. When the buyer and seller are employing the brokerage to close the deal, the brokerage may collect a portion of the money obtained. Sometimes a brokerage receives money from both parties or receives a commission only from the seller.