When an individual gets paid a commission it simply means that he or she is paid a percentage of the sales amount that was made. A typical example would be when a real estate agent charges a 3.95% sellers fee in Fort Lauderdale FL. The 3.95% is the agreed commission percentile, they do not receive a salary or an hourly rate; they are paid strictly on the sales that are consummated. This method of compensation has its plus points and negative points.
People who get paid a commission have the incentive to work harder and try harder to make the sale as this is their sole source of income. There are some people who believe that some who work on commission should not as they can take advantage of the situation to earn more. An example that is sometimes given is when an auto mechanic gets paid on commission; the impression is that they will repair things that didn’t need fixing. Most mechanics are hard working, honest and decent but there are those who feel that paying a commission in instances like this can invite dishonesty.
There are some real estate agents who charge a 3.95% sellers fee in Fort Lauderdale FL when the house is sold, this amounts to an excellent income. The commission rate is not fixed at 3.95%; the rate is negotiated with the seller at the time the house is accepted as a listing. There are real estate agents who are paid a salary but the norm is commission.
Many people who are financial advisers are paid on commission. These individuals who are highly skilled and knowledgeable do not charge their clients a fee by the hour as a consulting charge. Instead of charging their clients, they are paid a commission on the financial products that their clients purchase as a result of their recommendation. These products can be insurance policies, annuities, mutual funds or stock. The commission rates usually vary from one product to the other but the rates tend to be quite attractive. Some financial advisers negotiate their own rates; others have a set rate they set for their services.
Internet webmasters are often paid a commission when he runs an advertisement on his site; each click through on the ad pays a referral fee, a form of commission.
House sellers can avail of a 3.95% sellers fee in Fort Lauderdale FL when they list their home with Home Realty USA. For homes in excess of $175,000 this can save the seller thousands of dollars. Visit website to know more.
