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Q: A person earns 154 selling 2200 worth of television sets What is the commission rate?
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If a salesperson earns 132 selling 2000.00 in sales what is the percent of commission?

The commission is 6.6%


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When does real estate agent earn commission?

The real estate agent earns the commission for selling a home or for representing a buyer who has a completed the purchase and sales agreement and ultimate closing on a piece of real property. The commission is paid to the broker of record at the closing, or settlement in some states, has occurred.


What is a 10 letter word for the incentive pay earned by a salesperson?

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No. A real estate agent earns a commission as a percentage of the selling price of the house only after the successful completion of the sale. The commission (usually around 6% of the selling price) is split between the agency listing the property and the agency selling the property, if they are not one and the same. The individual agent(s) are paid a portion of this commission, the amount depending on the contract each agent has with their indivdual agencies.


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Explain the difference between salary and wage and give example to illustrate who earns salary and who earns wage?

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