What does net of commission mean?

Answer 1

"Net of commission" refers to the amount of money or value remaining after all commissions or fees have been deducted. This term is commonly used in financial transactions or sales to indicate the final amount received by the seller or party after accounting for any commissions paid to intermediaries or agents. Calculating the net of commission helps determine the actual profit or value gained from a transaction, taking into account all associated costs.

Answer 2

Well, honey, "net of commission" simply means the amount left over after deducting any commissions or fees. It's like getting paid for a gig but having to give a little cut to the agent who hooked you up - you're left with the net amount after that commission is taken out. So, in short, it's what you actually get to take home after all the middlemen have taken their piece of the pie.

Answer 3

"Net of commission" is the sum that remains after commissions are subtracted from total sales or earnings. When describing the real revenue that a seller or service provider receives after paying a commission to middlemen like agents or brokers, this phrase is frequently used in business transactions.

Answer 4

"Net of commission" basis is where the quoted premium is reduced by an amount proposed to be the insurance agent's (or insurance broker's) commission.