Commission

How it is used

Agents earn, charge, split or negotiate commission. In the US the commission is often shared between the seller's and the buyer's agents, and inside an agency it is split between the agent and the broker. Rates vary by country and are sometimes limited by law.

Example sentences

1. The agency charges a commission of 2% plus VAT on the sale price.

2. On this deal, the commission is split fifty-fifty between the two agents.

Common collocations

• earn commission
• commission rate
• split the commission
• commission-based
• negotiate the commission

Related terms

• real estate agentA professional who helps people buy, sell or rent property, for example by marketing homes, arranging viewings and negotiating prices, usually in return for a commission.
• closing costsThe fees and charges paid when a property sale is completed, on top of the price, such as lender fees, title insurance, taxes and legal costs.
• exclusive listingAn agreement that gives one agent or agency the sole right to market and sell a property for a set period.
• listingA property that is offered for sale or rent through an agent or website, or the advertisement that describes it with photos, a price and details.

This word in other fields

The same English word can have a different meaning in another field:

• commission · Digital Marketing & SEO
• commission · Sales & Retail
• commission · E-commerce
• commission · Investing & the Stock Market
• commission · Insurance
• commission · Art & Art History
• commission · Tourism & Hospitality

More terms: Fees, Costs & Taxes

• property tax
• stamp duty
• service charge
• capital gains tax
• transfer tax
• depreciation