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CommissionA percentage of the sale price which the selling party receives. This can be an estate agent in relation to a property, a broker selling you a mortgage or other products and even a dorr to door salesman selling you a nice new set of double glazing.CommissionCompensation due a real estate broker for acting on behalf of the principal.CommissionPayment made to a stockbroker when you buy or sell shares. In general, the level of commission you pay will either be a flat fee (possibly going up in stages according to the size of the deal) or a percentage based on the size of the deal.An important determinant of the amount of commission you pay will be the kind of service you get from your broker.Discretionary : the broker has general discretion as to how he manages your portfolioAdvisory: the broker will contact you to suggest changes in the composition of your portfolio, but he does not have the authority to trade on a completely discretionary basis.Execution only: the broker's primary function is to execute the buy/sell instructions which you give him. He does not give advice either proactively or at your request.As a rule, execution only brokers are the cheapest for transaction costs.Similar MatchesSplit commissionSplit commissionA commission shared between a broker and a financial adviser or other professional who brought the customer to the broker. Fee and commission compensationFee and commission compensationSee: Fee-based compensation Securities and Exchange Commission RulesSecurities and Exchange Commission RulesRules enacted by the SEC to assist in the regulation of US financial SEC. Federal Maritime Commission (FMC)Federal Maritime Commission (FMC)A U.S. government agency that regulates and administers the shipping industry. This agency also grants freight forwarder licenses. Indemnity commissionIndemnity commissionWhere a life company pays commission to an agent, the company does so on the proviso it will be entitled to take back some or all of the commission if the policy is cancelled within a given period. Also known as 'clawback'. Further SuggestionsCommission houseFutures Commission Merchant commission house Underwriting Commission Commodity Futures Trading Commission (CFTC) Commodity Futures Trading Commission Securities & Exchange Commission (SEC) International Organization of Securities Commissioners Commission broker Futures commission merchant (FCM) Securities and Exchange Commission |
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