What is brokerage....???
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Brokerage: When share certificates or debentures or government securities are transacted through an agent, the agent takes a commission in each transaction.
The commission charged by the agent is called brokerage and the agent is called a broker.
If transaction are made through a broker -
➠ Amount to be paid by the buyer = Market value + Brokerage.
➠ Amount to be paid by the seller = Market value - Brokerage
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A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal.
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