Commission

If you work in the world of sales then you will have come across commission in a positive way - what you get when you make a sale on top of any flat rate salary and so on. Commission can make people rich.

It can also make banks and other financial institutions do very nicely too, which is how many people come across it - by paying commissions!

In the world of banking, when there is a charge by a broker for undertaking some sort of trade, there is usually a commission that is taken on that trade.

Generally it is a fee that is either a flat fee or a percentage of a sale that is taken by a broker of some sort, whether it be a stock broker or a real estate broker.

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