different between commition and security
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The Securities Commission Malaysia (SC) is a statutory body entrusted with the responsibility of regulating and systematically developing the Malaysia’s capital markets. It has direct responsibility in supervising and monitoring the activities of market institutions and regulating all persons licensed under the Capital Markets and Services Act 2007.
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: Term includes payment which earn at the end of any deal, contract, business deals, policy management, & most probably in insurance firm and in real-estate business. In insurance sector, agents or sale persons get commission that basis on policy contract deals as per company protocols.
Fees: On other hand, fees that pay by a person to another person or an institute or any organization or any other, those are offering their particular service or products. This term mainly used in school, colleges or university.
But, “commission” is most probably counts in insurance firm or business. Where agents or sale persons make sales on different types of policies as per company plans and premium and they get particular amount on such contracts called as commission. Mainly it is called as percentage of something.
Commission also defined very well in real-estate firms, where borker get huge amount of money on basis of property sales.
For more resource or information, you can refer :
Fees: On other hand, fees that pay by a person to another person or an institute or any organization or any other, those are offering their particular service or products. This term mainly used in school, colleges or university.
But, “commission” is most probably counts in insurance firm or business. Where agents or sale persons make sales on different types of policies as per company plans and premium and they get particular amount on such contracts called as commission. Mainly it is called as percentage of something.
Commission also defined very well in real-estate firms, where borker get huge amount of money on basis of property sales.
For more resource or information, you can refer :
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