Commission Agents: The Basics In general, commission agents purchase and sell items on behalf of a principal, usually a company. As experts in their field, commission agents can assist small businesses in making the most of their limited budgets.Click to see full answer. Also question is, what is commission and brokerage?Brokerage commission is the cash you pay to some financial advisors for recommending and selling you an investment. Commissions are taken from the money you invest; a 5% commission eats up $500 of a $10,000 investment, leaving $9,500 to actually invest. In the mutual-fund world, a commission is called a load.Also, what are types of agents? The five types of agents include: general agent, special agent, subagent, agency coupled with an interest, and servant (or employee). Similarly, what is a selling agent? Definition of selling agent. : an agent who sells for a commission the entire output of his principals on a continuing contractual basis, provides them with market information, and often also furnishes financial assistance.What is insurance agent commission?Base commission is the “normal” commission earned on insurance policies. It is expressed as a percentage of premium and varies by type of coverage. For instance, your agent might earn a 15 percent commission on general liability policies and a 10 percent commission on workers compensation policies.
