![]() Where the rate can be expressed as a percentage, a decimal number or fraction. The commission is linked to the sale price via the commission rate in the following manner: It is usually based on the list price of an item or service, but it can also be based on the actual sale revenue (net discounts, etc.), depending on arrangements. It is used to incentivise first-party or third-party salespersons, agents, negotiators, or advertisers by linking all or part of their pay to the amount of goods or services sold / brokered. What is a commission? Commission amount and commission rate explained.Ī commission is a percentage of the sale price of a good or a service. Applies to the real estate agent commission calculator mode only. ![]() * depending on who pays the fees, the commission would be extracted from the real estate seller thus reducing their net profit, or from the buyer, thus increasing the total price, or from both.
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