MLchartDataset catalogue

Commission

Term · Law · MLC-T-LAW-001095

A fee paid to an agent or broker for services rendered, typically calculated as a percentage of the value of a transaction. It serves as compensation for facilitating a sale, purchase, or other business deal. Real estate agents and stockbrokers frequently operate on a commission basis.

Table 1. Record
IdentifierMLC-T-LAW-001095
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001095",
  "term": "Commission",
  "field": "Law",
  "definition": "A fee paid to an agent or broker for services rendered, typically calculated as a percentage of the value of a transaction. It serves as compensation for facilitating a sale, purchase, or other business deal. Real estate agents and stockbrokers frequently operate on a commission basis.",
  "url": "https://mlchart.com/terminology/law/commission/"
}

Record 925 of 5,441 in Law terminology (MLC-0107). Request the full dataset.