commissions

Commissions are fees earned by individuals or agents for facilitating transactions or sales. Typically, a commission is a percentage of the sale amount, serving as motivation for the agent to close deals. For example, real estate agents earn commissions when they help sell or buy property. Commissions align the interests of the agent and client, incentivizing the agent to secure the best deal. They vary by industry and agreement, and sometimes include a flat fee or a tiered percentage based on sales volume. Overall, commissions are a common way to compensate professionals for their role in generating sales or transactions.