commission

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Real estate: percentage of the selling price of the property, paid by the seller.


Securities: fee paid to a broker for executing a trade based on the number of shares traded or the dollar amount of the trade. Since 1975, when regulation ended, brokers have been free to charge whatever they like.

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1. an amount earned by a real estate broker for services performed.


Example: Broker Roberts sells a $300,000 home for a client.
At a 6% commission rate the client owes the broker an $18,000 commission.

2. the official body that enforces real estate license laws. See Figure 39.


Example: The State Real Estate Commission administers the real estate licensing examination, collects license fees, hears testimony from those who claim misconduct on the part of a licensee, and may punish offenders.

FIG. 39. STATE REAL ESTATE COMMISSION

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noun

An assignment one is sent to carry out: errand, mission. See work/play.

verb

To give authority to: accredit, authorize, empower, enable, entitle, license, qualify. See allow/prevent.

n

Definition: duty
Antonyms: noncommission

n

Definition: share
Antonyms: salary, straight salary

v

Definition: authorize or delegate task
Antonyms: retract, unauthorize

A document, generally signed by the head of state, denoting appointment to the rank of officer in the armed forces. Such an appointment is usually to the lowest rank in the officer corps, for example, second lieutenant in the army, or sub-lieutenant in the navy. Commissions were once granted for each successive officer rank, and possession of his commission (which traditionally folded for ease of carriage) was a visible symbol of an officer's authority.

In modern armed forces a commission is awarded on the completion of a course of instruction at a specialist academy, but in ancient and medieval times officers were appointed from among their entourage by the rulers, absolute loyalty often being clearly more desirable than military ability. The same principle applied for a ruling class, and well into the 19th century the practice of purchasing commissions was defended on the grounds that it guaranteed an officer corps from the right social background: men with ‘a stake in the country’, who would not pose a threat to the state.

— Andrew Haughton/Richard Holmes

n. 1. the authority to perform a task or certain duties.

2. an instruction, command, or duty given to a person or group of people: he received a commission to act as an informer.

3. a warrant conferring the rank of officer in an army, navy, or air force: he has resigned his commission.

4. a group of people officially charged with a particular function: the United Nations High Commission for Refugees.

v.

1. give an order for or authorize the production of (something such as a building or piece of equipment).

2. bring (a warship) into readiness for active service: the aircraft carrier Midway was commissioned in 1945.

3. (usually be commissioned) appoint (someone) to the rank of officer in the armed services: he was commissioned after attending midshipman school | (commissioned) a commissioned officer.

in commission (of a ship, vehicle, machine, etc.) in use or in service.

commissionable adj.

See the Introduction, Abbreviations and Pronunciation for further details.

In contracts, a form of payment for services performed. The ordinary understanding of the word is compensation based on a percentage of an amount collected, received, or agreed to be paid for results accomplished, as distinguished from “salary” which is a fixed and periodic amount payable without regard to actual results achieved. 356 F. Supp. 235, 239. See fixed salary. Compare royalty.

A fee paid to a broker or other financial agent for negotiating a sale. The fee is based on a percentage of the sale price.

A service charge assessed by a broker or investment advisor in return for providing investment advice and/or handling the purchase or sale of a security. Most major, full-service brokerages derive most of their profits from charging commissions on client transactions. Commissions vary widely from brokerage to brokerage.

Investopedia Says:
The brokerage with the lowest commissions is not necessarily the best one. Discount brokerages offer no advice, which can prove to be troublesome for many rookie investors. On the other hand, full-service brokerages offer a more personalized service, but commissions are much higher.
 
However, when commission is charged there is the potential for a conflict of interest to develop between brokerages and their clients. Because commission compensated brokers will not get paid very much if their clients do not conduct many transactions, unethical brokers may encourage clients to conduct more trades than necessary.

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(DOD) 1. To put in or make ready for service or use, as to commission an aircraft or a ship. 2. A written order giving a person rank and authority as an officer in the armed forces. 3. The rank and the authority given by such an order. See also constitute.

IN BRIEF: The right to authority or power. Also: The fee levied by a broker to undertake a trade on behalf of a customer.

Real estate agents average a 3 percent commission on the sale of a home.

LearnThatWord.com is a free vocabulary and spelling program where you only pay for results!

For a list of words related to commission, see:

• Governmental Bodies and Institutions - commission: government agency with authority in one area; individuals appointed to investigate specific issues
• Commerce and Trade - commission: percentage of sales price paid to broker by owner of merchandise sold
• Corporations and Business Practices - commission: fee paid to broker or agent for services in business transaction
• Securities - commission: broker’s fee on stock sale or purchase
• Spending, Receiving, and Possessing Wealth - commission: percentage of proceeds from sale or transaction paid in addition to or in lieu of wages
• Real Estate Practice - commission: fee paid to agent or broker on sale or rental

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  See crossword solutions for the clue Commission.

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)

Common misspelling(s) of commission

• comission
• comision
• commision

Dansk (Danish)
n. - kommission, bemyndigelse, hverv, officersbestalling, provision
v. tr. - bemyndige, give et hverv til, bestille, udruste, indkøre, give kommandoen over et skib

idioms:

• in commission    udrustet, driftsklar
• out of commission    ude af tjeneste

Nederlands (Dutch)
bevoegdheid, opdracht, commissie, benoemingsbrief, het begaan van een misdaad, machtigen, opdracht geven voor, het bevel geven (over een schip), vaarklaar maken, in bedrijf stellen

Français (French)
n. - commission, commande, commission sur, (Mil) brevet, perpétration (d'un crime) (sout), mission, en service (bateau)
v. tr. - commander, charger (qn) de faire, (Mil) nommer (qn) à un commandement, armer (un bateau), mettre (qch) en service

idioms:

• in commission    en/hors service, en service (un bateau, une machine)
• on commission    sur commande (un portrait)
• out of commission    désarmer (un bateau), (Sport) ne pas participer (à un match), (être) hors service (une machine)

Deutsch (German)
n. - Auftrag, Vollmacht, Begehen, Kommission, Ausschuß, Kommissionsgebühr, Provision
v. - beauftragen, in Dienst stellen, bevollmächtigen

idioms:

• in commission    in Betrieb
• on commission    Waren auf Provisionsbasis verkaufen
• out of commission    außer Betrieb

Ελληνική (Greek)
n. - επιτροπή, συλλογικό όργανο, φορέας, αρμοστεία, αποστολή, ανάθεση υπηρεσίας, ανάθεση αξιώματος, εκπροσώπησης ή εντολής, (οικον.) παραγγελία, προμήθεια, ποσοστό προμήθειας αντιπρόσωπου ή μεσίτη, εμπορική προμήθεια, διάπραξη (αδικήματος κ.λπ.)
v. - εντέλλομαι, εξουσιοδοτώ, παραγγέλλω, επιφορτίζω, (στρατ.) (εξοπλίζω και) θέτω σε ενεργό υπηρεσία, διορίζω

idioms:

• in commission    σε ενεργό υπηρεσία
• out of commission    παροπλισμένος

Italiano (Italian)
incaricare, autorizzare, delegare, armare, promuovere, incarico, commissione, nomina, provvigione

idioms:

• in/out of commission    in/fuori uso

Português (Portuguese)
n. - comissão (f), ordem (f), incumbência (f), patente (f) (Mil.)
v. - encarregar

idioms:

• High Commission    Alto Comissariado (m)
• in/out of commission    dentro e fora da comissão

Русский (Russian)
поручить, произвести в офицеры, поручение, комиссия, назначение, комиссионные

idioms:

• High Commission    посольство между членами Британского Содружества, представительство важной организации (ООН)
• in/out of commission    исправный/неисправный

Español (Spanish)
n. - encargo, misión, comité, nombramiento, comisión
v. tr. - cobrar comisión, ascender a oficial

idioms:

• in commission    en servicio
• on commission    a comisión
• out of commission    fuera de servicio

Svenska (Swedish)
n. - uppdrag, bemyndigande, kommission, nämnd, fullmakt, provision, förövande
v. - bemyndiga, ge fullmakt, tilldela fartygsbefäl, uppdra åt, ge beställning på

中文（简体）(Chinese (Simplified))
佣金, 任务, 职权, 权限, 委任, 委托, 委员会, 使服役, 委托制作

idioms:

• in commission    服役, 可使用
• out of commission    退役, 不能使用

中文（繁體）(Chinese (Traditional))
n. - 傭金, 任務, 職權, 許可權, 委任, 委託, 委員會
v. tr. - 委任, 使服役, 委託製作

idioms:

• in commission    服役, 可使用
• out of commission    退役, 不能使用

한국어 (Korean)
n. - 임무, 위임, 수수료
v. tr. - 위임하다, 주문하다, 군함을 취역 시키다

idioms:

• in commission    현역의 , 위임된

日本語 (Japanese)
n. - 委任, 任務, 依頼, 手数料, 委員会, 将校の地位, 遂行
v. - 権限を与える, 依頼する, 制作を依頼する, 就役させる, 将校に任命する, 任命する

idioms:

• in/out of commission    退役の, 使用不能の

العربيه (Arabic)
‏(الاسم) مأموريه, مهمه, تكليف, تفويض, لجنه, هيئه تحقيق, عموله, سمسرة, عوائد الدلاله, ارتكاب (جريمه مثلا) (فعل) كلف, فوض, خول, أمر, عهد, أناب‏

עברית (Hebrew)
n. - ‮יפוי-כוח, תפקיד, ביצוע, עמילות, עמלה, קומיסיון, ועדה, הסמכה לקצונה, הסמכה לסוכן מסחרי של חברה, הזמנה של עבודה מיוחדת, נציבות‬
v. tr. - ‮הטיל תפקיד על, הזמין, הסמיך לקצונה‬