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If they successfully place a candidate, the most common compensation method is paying a percentage of the candidate's first year's salary to the recruiting agency.

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15y ago

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What is a fee paid to a person for making a sale?

Its called commission.


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you pay your taxes as soon as you get paid, this is for people who get paid with a wage or salary not someone you gets paid with a fee.


The fee paid to a person who makes a sale expressed as a percent of a selling price is called?

Commission


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How are certified financial planners compensated commission or flat fee?

Certified financial planners are compensated by commission, but they are also paid a monthly fee. So based on how many customers they have, is how much money they make.


What is difference between a fee and commission?

A commission is compensation received by a broker or insurance agent paid by the insurance company and is a percentage of the insurance premium, or a percentage of a portion of the insurance premium. A fee, on the other hand, is a fixed dollar amount (not a set percent of the premium) and can be paid either by the party buying the insurance or by the insurance carrier. Often, clients with large premiums, or complex risks negotiate with their broker to provide services, including the placement of insurance for a flat fee. The insurance is than placed "net of" or without commission. Many people feel that this is a more transparent method of broker compensation and eliminates broker bias to higher premiums or carriers which pay a higher commission. In certain circumstances, both a fee and a commission are charged. This usually occurs when the broker is providing services which are not property compensated by the commission in the policy. When a fee is charged in addition to a commission, it should be disclosed who the fee is being paid to, and for what service.


How do realtors get paid on leases?

Realtors typically get paid on leases through a commission structure, where they receive a percentage of the total lease amount as their fee for facilitating the rental transaction.


Why do we have to paid a fee for this information?

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A fee paid for a service?

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How much of a commission does a financial advisor make?

Financial advisor commission can be done two ways: per trade and/or by the amount they make you. For the latter, some advisors can charge up to 10% of your returns. There are advisors not paid by commission but rather a flat fee, though.