Many times brokers are compensated by being paid a percentage of the purchase price at closing. this is known as a/an commission
A fee is paid to an agent or employee to execute a transaction or provide a service. Specifically, the percentage of the amount received from the total paid to the agent responsible for the transaction. He receives a commission for every car he sells.
Employees work for a boots trading company and receive basic income in addition to receiving 6% of total income from sales. If an employee sold a total of $ 1,000 last month, he earned a commission of $ 60. December 13, 2021
Learn more about the commission here
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