sales commission


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Commission

A form of payment to a brokerage in which the brokerage receives a percentage of the value of each transaction that a client orders. Commissions are seen as advantageous to a client because if the client does not make orders, then he/she does not have to pay a broker. However, commissions create an incentive for brokers to make as many transactions as possible; this has resulted in the regulation of commissions by the SEC. The percentage of a commission varies by brokerage, with those charging higher commissions offering a wider variety of investment advisory services. Low-commission brokerages usually offer no investment advice and simply fill orders. See also: Fee.

sales commission

incentive payments made to the firm's own SALES REPRESENTATIVES for reaching/exceeding specified SALES targets. Where a firm employs AGENTS to sell its products, commissions are used as the primary form of remuneration. See SALES AGENCY.
References in periodicals archive ?
Richard Orenstein in Hal stead's SoHo office was presented with the Highest Gross Sales Commissions Award for New York and New Jersey.
In agreement with CM Global Partners, clients will be introduced to the value of CellarStone's premier flexible sales commission software QCommission.
QCommission is a flexible, powerful solution designed to automate the most complex sales commission processes and to calculate sales representatives' compensation, accurately, quickly and professionally.
We find Cogent's Sales Commission Manager to be a flexible, cost-effective and robust solution that can accommodate our many needs and we look forward to continued utilization of the system as our company expands into new markets.
Easy-Commission is a cloud-based SaaS application that can calculate sales commission plans, splits, overrides, draws, etc.
We believe a six-percent sales commission is a great way for us to do both.
The builder, then, was going to earn a $15,000 sales commission on the lot and $165,000 as his builder fee.
Improved accuracy and confidence in sales commission numbers;
Assuming this to be true, the only apparent advantages to transferring the property in kind to the plan would appear to be that there would be no need to pay a sales commission to a realtor and no need to find a buyer on what might have been short notice.
Rather than collect the 6% sales commission that traditional agents charge, ExploreRealty.
An A, B, C or other alphabet designation means they're charging the sales commission in different ways.