A broker is a party that mediates between a buyer and a seller.
A brokerage or a brokerage firm is a business that acts as a broker.
A sales person working for a securities or commodity brokerage firm is generally also called a "broker," although this is technically incorrect. This sales person is infact an exchange member who actually executes the purchase or sale order, on the exchange, as a service to the client of the firm for which that salesman works.
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