Fee charged by a broker to execute a trade. This may be a composite of several fees and charges. Commission rates commonly take into account the quantity of the purchase, the unit price of the security and the type of investment.
A commission is an amount or percentage of money that is given in addition to one’s regular salary. In some jobs, usually sales, the base pay may be quite low, with most of a person’s earnings in the form of commissions. See Bonus and Tips.
A service charge assessed by an agent in return for arranging the purchase or sale of a security. Commissions represent a fixed or percentage charged on the value of a transaction. This money goes to the broker and his/her investment company for providing services. A commission must be fair and reasonable. In 1975, deregulation led to the creation of discount brokers, who charge lower commissions than full service brokers. Full service brokers offer advice and usually have a full staff of analysts who follow specific industries. Discount brokers simply execute a client's order and usually do not offer an opinion on a stock.
(1) A form of remuneration received by a broker-dealer purchasing or selling securities when acting as agent for a customer. The commission is typically a charge to the customer of a set fee per bond or transaction. The commission (or any other remuneration received) must be disclosed to the customer as a separate item on the confirmation of an “as agent” transaction. Compare: CONCESSION; MARK-DOWN; MARK-UP. See: “AS AGENT” TRADE; CUSTOMER TRADE.(2) The Securities and Exchange Commission. See: SECURITIES AND EXCHANGE COMMISSION.
Compensation paid to any person for services rendered in the sale of the employer's property or services and based upon the amount or value thereof. If the employee's compensation is based upon a sale, then the compensation plan is a commission.
A small percentage of the premium paid to an insurance agent or producer for assisting you in applying for coverage and providing continuing service after the purchase. Usually built into the premium and paid regardless of whether purchasing through an agent or directly from the company
A payment to a subscription sales agency, usually a percentage or dollar amount per sub sold. The agency collects from the subscriber, deducts the commission and remits the balance to the publisher. (Also see "Remit.")
() The remuneration agreed to by the seller and the real estate broker/agent as stated in the listing agreement. It is payable to the broker/agent on closing and shared, if applicable, with the co-operating agent(s).
Is an amount of money, usually in % of the money received by the affiliate program provider which is paid by merchants to display ads on affiliates Web pages or % of the actual service or product, paid to the affiliate that displayes ads on its Web site.
The act of contracting an artist to produce a certain work or set of works. The terms of the contract are usually set forth in writing; specify prices, fees, deposits, delivery and other legal issues. The term also refers to the fee earned by a sales representative, agent or gallery.
One of the costs associated with trading. This is a fee paid to a brokerage firm when entering or exiting a position. Commissions vary widely, so we suggest searching for those brokers with reasonable rates.
an amount paid to a person collecting public money on behalf of government. The commission is calculated as a percentage of the amount collected, according to a dollar range, specified by contract or determined in some other way. Part II - 7.3.11
The fee charged by a broker or agent for providing services related to a real estate transaction such as marketing the property, bringing the parties together, and negotiating a purchase contract or loan.
A fee charged by a broker or financial adviser for the execution of a purchase of a managed investment. Commission may also be referred to as brokerage and is normally deducted from the gross amount contributed to a financial product prior to investment.
The fee payable to the real estate agent for selling a property. The fee is paid by the person authorising the agent acting on their behalf (usually the vendor), and is usually a percentage of the sale price.
The way a stockbroker or an Independent Financial Adviser is compensated. When he or she makes a transaction for a customer, the customer pays a commission. In the Fool's opinion this is a Bad Thing, as it sets up a situation where the customer's and the broker's interests are directly at odds. Endowment policies, for instance, are inherently poor investments, yet pay large commissions and are therefore heavily sold by Independent Financial Advisers.
The fee charged to the seller by the auctioneer for providing services, usually a percentage of the gross selling price of the property established by contract (the listing agreement) prior to the auction.
Percentage retained on a transaction by the party performing it, as consideration for his work. Depending on the transaction this is known as management commission, transaction commission, brokerage commission, etc.
The fee paid to the broker to execute a trade. Commissions are usually based on number of shares, bonds, options and their dollar value. Commissions can be charged on the purchase and sale of securities.
There is no such thing as a free lunch in Hollywood and the same goes for the Hollywood Stock Exchange. Commission is the amount charged to execute a trade. Typically, commission is equal one percent of the total cost of each trade. So, if you buy a MovieStock and then sell it, you will be charged a two-percent commission on the stock.
The fee payable to a Real Estate Agent by the vendor for selling the house. Usually a percentage of the sale price. Common Area: An area which is for use by many, not an individual. For example, home units have common areas such as stairs and driveways.
The meager amount paid the real estate agent for its role in the play that was the sale and purchase. The seller pays for this more times than not, and this fee is negotiable, and usually paid at closing, only after all the work is done. In some limited services firms, the commission is paid in advance and referred to as a fee, and is paid regardless of the success of the efforts.
This is a percentage of the resale purchase amount that is paid to the listing and selling brokers as compensation for obtaining a successful resale contract. The commission is paid only if the sale closes. The commission is typically six or seven percent and is paid at closing out of the proceeds of sale.
The fee paid to a broker for executing a securities trade. If your 401(k) plan has a brokerage window, you should be aware of how high the commissions will be when you trade and what impact those costs may have on your return.
Commission refers to the amount of compensation paid to affiliates for participation in a merchant's Affiliate program. Affiliates generally earn a percentage of each sale made on a merchant site to a visitor referred by a link on that affiliate's site. Commissions may also be a flat fee for each purchase or action. This commission varies from merchant to merchant.
Transaction fee paid to a broker for executing a securities trade. Commission amounts vary and are often dependent on the size of trade, the frequency of trades, and sometimes the size of the brokerage account. Discount brokers tend to charge lower commissions for trades versus full service brokers.
The fee payable to the agent by the vendor for sales, leasing or management of property. Must be subject to negotiation and be expressed in the agreement under s42aa of property, Stock and Business Agents ACT, NSW 1941 and s50 of the Estate Agents ACT Vic.
Most salespeople earn commissions for the work that they do and there are many sales professionals involved in each transaction, including Realtors, loan officers, title representatives, attorneys, escrow representative, and representatives for pest companies, home warranty companies, home inspection companies, insurance agents, and more. The commissions are paid out of the charges paid by the seller or buyer in the purchase transaction. Realtors generally earn the largest commissions, followed by lenders, then the others.
Money paid by an organisation to a planner for placing investments with that particular organisation. The commission is paid out of fees deducted from your investment. (see also Choosing a financial planner, Insurance and friendly society bonds, Immediate annuities) See also brokerage.
A commission is a sales charge that you pay to an agent when you buy a life insurance policy. This commission is typically contained within the structure and costs of the life insurance policy. A commission can vary widely in cost, and depends on the state, agent, underwriter, and other factors.
As in all business, salespeople earn commissions for the work that they do, and there are a number of such professionals involved in nearly all real estate transactions. Realtors, loan officers, title company representatives, lawyers, escrow administrators, home inspectors, appraisers, insurance agents -- the list is never-ending. Commissions are paid by the buyer or seller, depending on the circumstances or service, as the parties move forward towards the transaction. Realtors generally earn the largest commissions, followed by lenders and further on down the line.
In reinsurance, the primary insurance company usually pays the reinsurer its proportion of the gross premium it receives on a risk. The reinsurer then allows the company a ceding or direct commission allowance on such gross premium received, large enough to reimburse the company for the commission paid to its agents, plus taxes and its overhead. The amount of such allowance frequently determines profit or loss to the reinsurer.
A fee that covers the broker's charge for processing a transaction. It is either added to the amount you pay when you buy securities, or deducted from the amount you get when you sell. Online and discount brokers charge lower commissions than traditional brokers, but offer limited investment advice.
The amount of money paid to the broker by the seller (or, in some cases, the buyer), as compensation for selling the home. Usually, the commission is a percentage of the sales price of the home, and generally hovers in the 5 to .6 percent range.
The compensation that a travel agent or other intermediary receives from a product supplier in return for selling their products or services. Commissions are usually based on a percentage of the retail value of the transaction.
The recompense or reward of an agent, factor, broker, or bailee, when same is calculated as a percentage on the amount of his transactions or the profit to the principal. In insurance this refers to a certain percentage of the premiums given to the agent as compensation for his work in selling and servicing the policy.
The commission is the percentage of the selling price of a house that is paid to the real estate agents and brokers. The price and type of property being sold also affect the commission percentage. If there is both an agent representing the seller and an agent representing they buyer, they divide the commission.
A performance-related payment. Sales staff may be paid partly on a commission basis under which they receive a percentage of the amount of sales they make. Agents usually make their money entirely from commission.
Payment for selling a product. Real Estate agents receive a commission from the vendor when they sell a property, while Mortgage Brokers receive a commission from a lender when they sell a home loan product.
The fee you pay a broker to buy or sell a security, such as a stock or an ETF, for your account. The charge is typically assessed on a per-trade basis. You do not need to pay a commission to buy or sell no-load, open-end mutual funds, giving them a cost-advantage over ETFs for investors who plan to invest regular sums of money or who trade frequently.
The listing agent negotiates a percentage of the sales price with the seller as the compensation for marketing the seller's home. In turn, the listing agent offers a percentage of the commission, usually half, to buyer's brokers as compensation for representing a buyer
The commission is the percentage of the selling price of a house that is paid to the real estate agents and brokers. Because most agents and brokers are paid by commission, understanding how the commission can influence the way that agents and brokers work is important for homebuyers. Agents and brokers make money only when you make a purchase, and they make more money when you make a bigger purchase. Choose an agent carefully and take your agent's advice with a grain of salt because this inherent conflict of interest can often set an agent's visions and goals at odds with your visions and goals.
A fee paid by a company to a salesman or financial adviser for selling its products. Some companies pay higher rates of commission than others. The commission must now be disclosed to the client and some independent financial advisers will offer to share commission with investors.
A commission is the fee that is paid to a broker to execute a trade. The amount of the commission usually depends on the number of shares or their dollar value of the trade. To simulate real trading Marketocracy charges a 5 cent/share commission on all trades, except on penny stocks, in which case the commission is 5% of the trade.
An amount paid by a financial institution to an intermediary for the placing of business. Normally calculated as a percentage of the amount paid (i.e. of the premium for an insurance policy or of the amount invested in a fund or used to purchase securities). Commission is also payable in a number of other situations where the payment for a service is a proportion of the value of the transaction (eg the provision of foreign currency, the sale of a house, etc).
An amount, usually a percentage of the property sales price or loan value as a fee for handling the transaction. The real estate broker, mortgage company, property insurance agent, and title company all earn commissions from the sale or purchase of a property.
The money a client pays their agent for services performed. Usually a percentage of the sale price, however other methods of determining the amount of money are frequently used, especially between a buyer’s broker and his/her client.
Commission or brokerage may be paid to your financial adviser by the financial institution you invest with. Commission may be either "up-front", and deducted from the entry fee you pay on your investment, or "ongoing" and deducted from the ongoing management fees of your investment.
An amount agreed to by the seller and the real estate broker/agent and stated in the listing agreement. It is payable to the broker/agent on closing and shared, if applicable, among those salespeople involved in the sale.
The fee charged by money grubbing rich guys to buy and sell your stocks. Since there is no service offered by these con-men, there is no value to the commission so, as the media has maintained for years, any commission above 0.99 cents is too much.
The compensation paid to a licensed real estate broker or by the broker to the salesperson for services rendered. Usually a percentage of the selling price of the property or the total value of the lease.
The charge made by your stockbroker for conducting your buy or sell instructions. This may either be a percentage of the value involved or, for small deals below a stated and agreed value, a fixed rate.
Fee paid to a broker or other entity for services rendered. Real estate brokers and mortgage brokers receive a commission for the services they provide; a real estate broker secures a buyer for a property that is for sale and a mortgage broker secures a mortgage loan for the buyer to finance the purchase of a property. Commissions are generally paid as a percentage of the sales price in a real estate transaction or the loan amount in a mortgage transaction.
The fee paid to a broker to execute a trade, based on number of shares, bonds, options and/or their dollar value. In 1975, deregulation led to the creation of discount brokers, who charge lower commissions than full service brokers. Full service brokers offer advice and usually have a full staff of analysts who follow specific industries. Discount brokers simply execute a client's order--and usually do not offer an opinion on a stock.
Fee charged by broker to execute your trade. May be a composite of several fees & charges. Commission is taken into account when calculating realized gain or loss. The buy, or opening commission, is added to the cost basis and the sell, or closing commission, is deducted from the proceeds before calculating realized gain or loss, therefore commissions reduce taxable gains and increase losses. Total commission is the sum of both buy and sell commission. Commission rates take into account the quantity of the purchase, the unit price of the security (low priced stocks may have higher commission rates), and the type of investment (options have higher commissions).
In real estate, the broker or salesperson's fee for assisting the transaction, usually expressed as a percentage of the total price paid for the house. The commission is usually paid for by the seller, and is negotiated to pay both the buyer's agent and the seller's agent. Back
A commission is the amount an affiliate receives when he brings a paying customer to a merchant's website. It could be either a percentage of the sale or a fixed dollar amount. A recurring commission is paid when a subscriber renews his subscription or buys something else.
The compensation paid to affiliates for participation in a merchant's affiliate program. Commission rates vary from merchant to merchant. Technically, flat fees are a form of commission, but most affiliate programs use the word commission to refer to compensations based on a percentage of the sales price.
The majority of salespeople earn commissions for the work that they do and there are many sales professionals involved in each real estate transaction, including Realtors, loan officers, title representatives, attorneys, escrow representative and more. A commissions is paid out of the charges paid by the seller or buyer in the purchase transaction. Real estat agents generally earn the largest commissions, followed by lenders.
Performance-related remuneration based on the amount of capital involved in a transaction. For example, stock market traders charge a certain percentage of the value of the trading transaction which they conduct as commission.
A fee charged by a broker or financial planner for the execution of a purchase or sale of a managed investment. Alternatively, it can be a fixed amount per transaction or a percentage of the total value of the transaction. Also referred to as 'brokerage' and is normally deducted from the gross amount contributed to the investment product prior to investment.
The price offered for securities broker. A broker brings buyers and sellers together for a commission paid by the initiator of the transaction or by both sides. He does not have a position in the money market. Brokers are active in markets in which banks buy and sell money and enter dealer markets.
An amount agreed to by the seller and the salesperson/broker and stated in the listing agreement. It is payable to the salesperson/broker on closing and shared, if applicable, among those salespersons/brokers involved in the sale.
The intermediary's basic fee for purchasing or selling securities as an *agent. Ask for a copy of the intermediary's commission schedule which lists fees or charges you will be required to pay when buying or selling *securities and when opening, operating and closing an account.
Monies paid by an insurance company to a broker/ independent intermediary/agent for selling policies. In most companies a consumer has the right to find out what commission an agent is earning on an insurance deal.
This is the payment that is made to a stockbroker when you buy or sell shares. The commission you pay will either be a flat fee (possibly going up in stages according to the value of the transaction) or a percentage based on the value of the transaction. The amount of commission you pay will vary according to the level of service you receive from the stockbroker.
A fee an investor pays a broker for executing a transaction—buying or selling stock. The commission may be a flat fee—say $75.00 per trade, it may be set at a certain amount per share of stock involved in the transaction, or it may be based on the total value of the transaction.
Money paid to a Producer, TPA or Licensed Agent for the placement of insurance and is usually paid as a percentage of gross premium. Commission is included in the Acquisition Expenses referenced earlier.
Part of an insurance premium which is paid by an insurance company to an agent or broker in payment for procuring and servicing the business for the insurance company/client. Depending upon the size of the group being insured, these commissions average between 3 and 10 percent of the premium paid by the employer.
an amount of payment to real estate professional, usually based on a percentage of the sales price, that is collected at the time of the closing; generally the seller pays the commission for both the listing agent and the buyer's agent.
(1) The charge made by a futures commission merchant for buying and selling futures contracts; or (2) the fee charged by a futures broker for the execution of an order. Note: when capitalized, the Commission usually refers to the CFTC.
The majority of personal finance products pay a commission to the person who sells them to an investor. Everything from pensions, life insurance, endowments and unit trusts are sold on a commission basis. Independent Financial Advisers (IFAs) are compelled by law to tell you how much commission they are making whenever they sell you a product.
A fee paid to a broker for executing security trades. The commission is usually based on the dollar amount of the trade or the number of shares traded. See: Trade Committee On Uniform Securities Identification Procedures (CUSIP) Committee that assigns codes to securities for the purposes of identification--commonly just referred to as a "Cusip Number."
A commission is fee paid to an agent, advisor or financial planner for the transaction or maintenance of a financial product. It is usually based on a percentage amount or fixed price in relation to the total amount invested.
This is how you get paid by all affiliate marketing programs. It's not a salary or a fee, and taxes are not deducted and thus your problem to track. Commissions are usually expressed in percent, although some are given in dollars per sale.
Commission is a fee charged by an agent making transactions of buying or selling securities for another individual. This fee is generally a percentage based on either the number of stocks bought or sold or the value of the stocks bought or sold.
A percentage of the sale price which the selling party receives. This can be an estate agent in relation to a property, a broker selling you a mortgage or other products and even a dorr to door salesman selling you a nice new set of double glazing.
The payment of commission as remuneration for a services rendered or products sold is a common way to reward sales people. Payments often will be calculated on the basis of a percentage of the goods sold.
The authority by which an officer in the navy exercised command and the warrant by which all officers in the navy from the lieutenant upwards, were appointed to the rank and command they held. Hence, they were a Commissioned Officer.
The legal authority by which an officer acted, commanding his subordinates to obey him and commanding him to obey his superiors. Officers of British Regiments had their commission signed by the King. Provincial commissions were signed by the commander in chief of the army. Militia commissions were normally signed by the governor or lieutenant governor of the province. Many from the Carolinas, however, were signed by British officers serving in those provinces.
and Intimidation, chaired by Mr. Justice Richard Goldstone and appointed by President de Klerk in October 1991, after the agreement of all parties to the National Peace Accord. The Commission investigates incidents of serious violence in South Africa and makes recommendations to the government on steps to take to prevent further violence.
The Commission is an independent body appointed by the Member States to act as the neutral guardian of their shared interests and to promote the general interest of the Union. It monitors the implementation of EU law, proposes legislation and has important executive functions. Commissioners are nominated by Member States, approved by the European Parliament and appointed for a period of five years. A new Commission took office in November 2004. The Commissioner nominated by Ireland is Mr Charlie McCreevy.
The Commission is the guardian of the Treaties. It has the sole power to propose legislation based on the Treaties, and executes the decisions taken by the Council. It is also responsible for ensuring Member States apply European Law correctly and has the power to refer alleged breaches to the European Court of Justice. The Commission is composed of 25 Commissioners (one from each Member state) appointed by the Member States for a five-year term and headed by the President. They are supported by their cabinets and known collectively as 'the college'. The remainder of the Commission is made up of 'services' divided into 19 main Directorates-General, dealing with different policy areas.
The certificate issued by the Governor verifying appointment as a notary public and authorizing the notary public to perform the official acts of that office. The commission also bears the commission number and the beginning and ending dates of the term of appointment.
Florida Corrections Commission was created during a special session of the Legislature in 1993, and is comprised of nine unpaid volunteers appointed by the Governor. The role of the Commission is advisory and policy setting, and also to provide an oversight function to the department.
A corporate body officially established, with a specific mandate, to inquire into specified issues, to implement certain policies, or to direct a public institution. See: ENQUIRING MINDS Official appointment of individual(s) to office, with specified powers and responsibilities. These may also be called warrants
To order an original work from an artist. The act of hiring someone to execute a certain work or set of works. Such an act is often made in the form of a contract. Commission may refer to a work executed under such an agreement.
An order for something, such as a work of art. One person can commission an artist to create a work of art; a group or an organization like a museum can commission an artist. When an artist is commissioned to make a work of art, he or she takes into account the wishes of the people or group who have commissioned the work of art.
To hire an artist or workshop to make a work of art. The individual or company paying the artist will often give some guidelines concerning the subject, medium or size of the artwork. The artwork itself may be called a commission.
the Mafia "ruling body", typically a panel made up of the bosses of the five New York Families, Gambino, Genovese, Lucchese, Colombo, and Bonanno sometimes with representatives from other U.S. Families, such as Chicago.
A group of Vatican prelates chosen to oversee a specific concern. In the case of the proposed commission to placed over the SSPX, it would have been composed of seven members, of whom no more than two (and neither of those president or vice-president) were taken from tradition and the rest would have been faceless Novus Ordo Vatican bureaucrats. They would have had the job of settling disputes between, for example, a diocese where the SSPX is not wanted and the SSPX priest and faithful who want it.
A board or committee officially appointed and empowered to perform certain acts or exercise certain jurisdiction of a public nature or relation, for example, the Liquor & Gaming Commission. (Source: Black's Law Dictionary, Fifth Edition)
the District of Columbia Taxicab Commission established pursuant to the "District of Columbia Taxicab Commission Establishment Act of 1985," as amended (DC Law 6-97; DC Code 40-1701 et seq. (1986 Repl. Vol.)).
Although it is profit, the difference in the amount of money that an Independent Marketing Associate earns when a product is sold at retail but purchased at wholesale is Commission. This should not to be mistaken as a Bonus. Some companies call a bonus a commission. It is important to understand the difference.
A formal group of experts brought together on a regular or ad hoc basis to debate matters within their sphere of expertise, and with regulatory or quasi-judicial powers such as the ability to license activity in that sphere of activity or to subpoena witnesses. Commissions usually also have advisory powers to government and a commission is often resorted to by governments to exhaustively investigate a matter of national concern, known as a "commission of inquiry." This legal structure can be contrasted with a council, the latter not enjoying quasi-judicial or regulatory powers.
The Garrett, Indiana Plan Commission. Construction Access Road - A construction access road is a temporary road that provides access to a construction site by heavy equipment and vehicles bearing construction materials, workers and other parties involved in the construction and development of the subdivision. (Amended August 2, 2005 by Ordinance # 2005-12).
The Iowa College Student Aid Commission is a state agency that administers scholarship, grant, loan, and related programs to help Iowa students financial higher education at colleges and universities of their choice.
In media advertising, printed rates typically include a 15% commission allowance for ad agencies. The commission is granted if the agency meets certain criteria, such as submitting ads in a particular format.