The amount of money paid to an agent for buying or selling goods is called the
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The amount of money paid to an agent for buying or selling goods is called the commission or brokerage.
- A commission is a fee that a broker or investment adviser charges for providing financial advice or processing a client's securities purchases and sales.
- A commission-based adviser or broker earns money by selling insurance services including mutual funds and annuities, as well as making transactions with the client's funds.
- The money you pay to certain financial advisors for suggesting and selling you an investment is known as a brokerage commission.
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