For Commission we have terms and definitions in 33 topics. The topics are Accounting, Affiliate Programs, Art, Auto Insurance, Auto Loan, Boating, Business, Canadian Law, Car Insurance, Commercial Real Estate, Debt Consolidation, Direct Marketing, Employee Benefits, Entertainment Industry, Finance, Grantmaking, Home Equity, Housing, Insurance, Modeling, Mortgage, Natural Gas, Oil and Gasoline, Organizational Capacity, Purchasing A Home, Real Estate, Real Estate Appraisal, Real Estate Auction, Refinance, Reinsurance, Securities, Tax and Travel.

Commission (Accounting)

is remuneration proportional to sales volume.

Commission (Affiliate Programs)

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.

Commission (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.

Commission (Auto Insurance)

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.

Commission (Auto Loan)

The

Commission (Boating)

To prepare a boat for the season. A boat in commission is prepared, launched, and ready for use.

Commission (Business)

A percentage of the principal or of the income that an agent receives as compensation for services.

Commission (Canadian Law)

A formal group of experts brought together on a regular or ad hoc basis to debate matters within that sphere of expertise, and with regulatory or quasi-judicial powers such as the ability to license activity in the sphere of activity or to subpoena witnesses. Commissions usually also have advisory powers to government. The organizational form of a commission is often resorted to by governments to exhaustively investigate a matter of national concern, and is often known as a "commission of inquiry." This legal structure can be contrasted with a council, the latter not enjoying quasi-judicial or regulatory powers.

Commission (Car Insurance)

The percentage of the premium the insurer gives to an introducer should a policy be sold from the lead.

Commission (Commercial Real Estate)

A fee generally paid to a Real Estate Broker, or other properly licensed individual for acting as the procurring cause of the transaction.

Commission (Debt Consolidation)

The fee charged by or paid to a broker, agent or auto sales rep for negotiating a real estate, car sale or loan transaction. A commission is generally a percentage of the sales price.

Commission (Direct Marketing)

A percentage of sale agreed upon between the list owner and the list manager/ broker for their part in selling a list rental.

Commission (Employee Benefits)

The broker’s basic fee for purchasing or selling an insurance or benefit plan as an agent. This fee may or may not be negotiated.

Commission (Entertainment Industry)

Percentage of income paid by actors to their representative. If it is an agent, the amount cannot be over 10% for a union contract; if it is a manager, the percentage is unregulated, but is traditionally 15-20%.

Commission (Finance)

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 establishment of discount brokers, who charge lower commissions than full service brokers. Full service brokers offer advice and usually have a 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. Also known as a round-turn.

Commission (Grantmaking)

A fee or percentage paid to an employee or consultant for services rendered. See also:Compensation

Commission (Home Equity)

The fee charged by or paid to a broker, agent or auto sales rep for negotiating a real estate, car sale or loan transaction. A commission is generally a percentage of the sales price.

Commission (Housing)

An amount, usually a percentage of the property sales price, that is collected by a real estate professional as a fee for negotiating the transaction..

Commission (Insurance)

Fee paid to an agent or insurance salesperson as a percentage of the policy premium. The percentage varies widely depending on coverage, the insurer, and the marketing methods.

Commission (Modeling)

The commission is the amount of money the agency cuts from your talent fee/budget (i.e. your talent fee is $10,000, you agency will get $2,000 to $3,000, 20 to 30%).

Commission (Mortgage)

Money paid to a real estate agent or broker by the seller as compensation for finding a buyer and completing the sale. Usually it is a percentage of the sale price--6 to 7 percent on houses, 10 percent on land.

Commission (Natural Gas)

Federal Energy Regulatory Commission (FERC), or local public utility regulatory commission (PUC).

Commission (Oil and Gasoline)

The Railroad Commission of Texas.

Commission (Organizational Capacity)

A fee or percentage paid to an employee or consultant for services rendered. See also:Compensation

Commission (Purchasing A Home)

The fee charged by a broker or agent for negotiating a real estate or loan transaction. A commission is generally a percentage of the price of the property or loan.

Commission (Real Estate)

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.

Commission (Real Estate Appraisal)

Money paid to a real estate agent or broker by the seller as compensation for finding a buyer and completing the sale. Usually it is a percentage of the sale price- - 6 to 7 percent on houses, 10 percent on land.

Commission (Real Estate Auction)

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.

Commission (Refinance)

The fee charged by or paid to a broker, agent or auto sales rep for negotiating a real estate, car sale or loan transaction. A commission is generally a percentage of the sales price.

Commission (Reinsurance)

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.

Commission (Securities)

The fee charged by a broker/dealer for acting for others in executing buying or selling orders.

Commission (Tax)

Money received by employees as compensation for services performed. Commissions can either be based on a percentage of total sales made or can be a fixed amount per sale.

Commission (Travel)

Percentage of sale price that vendors pay to travel agencies for selling their services.

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