Brokerage refers to the business or activity of a broker, which involves facilitating transactions between buyers and sellers in exchange for a commission. This term also refers to the commission earned from such transactions.
Commission paid by the seller in a transaction to the broker who arranged the sale, based upon some percentage of the selling price. A brokerage allowance usually refers only to transactions in which the broker does not take possession of the goods sold.
A commission is a fee paid to an intermediary for facilitating a transaction, typically calculated as a percentage of the sale value. It can be paid by the seller, buyer, or shared between them, and finds applications across various markets such as real estate, commodities, and advertising.
Consignment involves the shipment of goods by a principal (consignor) to an agent (consignee) for sale. The consignee sells the goods on behalf of the consignor, often earning a commission upon sale. The process typically involves creating a detailed consignment account.
An agent employed to sell goods or merchandise consigned or delivered to him by or for his principal for compensation.
A finder's fee is a commission paid to an intermediary or individual who brings together various parties for a business deal, ensuring the transaction is consummated. This fee can take various forms such as a percentage of the transaction value or a flat rate.
A front-end load is an initial sales charge or commission incurred by an investor when buying a financial product, used to cover administration fees and agent commissions.
A merchandise broker is an intermediary agent acting on behalf of merchandise buyers and sellers, earning commissions or fees for negotiating sales without taking possession of the goods.
A Mortgage Broker is an intermediary who brings mortgage borrowers and mortgage lenders together but does not use their own funds to originate mortgages. A mortgage broker helps potential borrowers find a lender with the best terms and rates to meet their financial needs. In return for this service, the mortgage broker receives a commission which can be paid by either the borrower, the lender, or both.
In real estate, 'ready, willing, and able' refers to a person who is capable of an action and disposed to act, particularly in terms of buying property under the terms of a listing agreement. If a broker finds such a person, they have earned their commission because they have fulfilled the requirements of the listing.
A Real Estate Broker arranges the purchase or sale of property for a buyer or seller in return for a commission. Brokers must be licensed by the state, and salespeople, who are also licensed, work under brokers.
A registered representative (RR) is an employee of a broker/dealer member of a stock exchange who acts as an account executive for clients.
A Share Broker, also known as a Stock Broker, is a professional who buys and sells stocks, bonds, and other securities on behalf of clients, typically in exchange for a fee or commission. Share brokers have extensive knowledge of the financial markets and help clients make informed investment decisions.
An agent who buys and sells securities on a stock exchange on behalf of clients and earns commission for this service.
Variable overhead costs represent the elements of an organization's indirect expenses for a product that change in total with fluctuations in production or sales levels. Examples include power, commissions earned by sales personnel, and consumable materials.
