Question

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difference between Commission and Brokerage

Answer 1

Whereas, brokers work on acommission basis, and represent the customer, ensuring that the customer gets the best deal possible. Agents and brokers act as intermediariesbetween you (the insurance buyer) and your insurers. ... The main difference between a broker and an agent has to do with whom they represent.

Answer 2

$HELLO- DEAR$

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$\huge{Commission}$

commission is the middle man, who works for an organisation and collects commission from an organisation for successful completion of sale.

For example: LIC agent collects commission from an organisation for collection of premium from insurer .
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$\huge{Broker}$

Broker is the middleman, who works for an individual and not for an organization. collects commission from individual.

For example real estate broker collects commission from individual seller or buyer for successful completion of sale deed.

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HOPE ITS HELP UH!!