answersLogoWhite

0

What else can I help you with?

Continue Learning about Finance

What is the commission rate for a futures broker?

The commission rate for a futures brokers vary according to how much work is in it for them. You can find discount brokers for as little as 59 cents per trade.


What does broker's commission mean?

The brokers commission means that if he finds a house for you costing say, 50,00000 rupees value. Then he will charge a 2percent of the whole amount as his commission.


Where can stock broker ratings be found?

Stock broker ratings can be found in a number of different places such as sites that rate brokers based on third party observations or by asking a local trader what he or she recommends.


What is the best trading platform for stock trading with low minimum purchases?

The best platform for buying and trading stock with a low minimum purchase is buying stock that are managed by a stock broker. Stock brokers usually do not have any minimum purchase, but they will often charge a commission rate on all money earned.


What is the formula for calculating a real estate broker's commission?

In a simple scenario where the broker charges the commission as a percentage of the purchase price, then you would simply multiply the purchase price by the commission rate. For example, if your home sold for $100,000, and your broker charges a 7% commission, then you would calculate as follows:100,000 x .07 = 7,000These days there a lots of other possibilities, such as flat-fee brokers who charge a set rate regardless of purchase price.As a broker for 15+ years I have personally been involved in various transaction fee structured deals, but the majority are the first type I explained.

Related Questions

What's a typical broker commission at a stock brokerage house?

It depends on the price of the stock or if they get a standard commision rate. Generally, it is either 5% or $20 per trade.


What is commission rate for home-owner's insurance?

The commission rate is the commission earned by the agent or broker who places the policy wit the company.


How does discount stock trading work?

Discount stock trading is a service offered by some brokerage firms. In exchange for offering a discounted rate on stock options, the broker or firm receives a commission from whatever earnings are gained.


Can a real estate brokers commission rate vary?

Yes, the commission that a real estate broker earns can vary depending on the type of broker and his or her contract. Many brokers can even waive their commission in some cases.


A real estate broker sold your house for 7 000 The broker's commission was 6 of the selling price How much would you get for the house after the commission is paid?

To calculate how much you would get after the broker's commission, first find the commission amount by multiplying the selling price ($7,000) by the commission rate (6%). This gives a commission of $420. Subtracting this from the selling price, you would receive $6,580 after the commission is paid.


What is the commission rate for a futures broker?

The commission rate for a futures brokers vary according to how much work is in it for them. You can find discount brokers for as little as 59 cents per trade.


What does broker's commission mean?

The brokers commission means that if he finds a house for you costing say, 50,00000 rupees value. Then he will charge a 2percent of the whole amount as his commission.


Where can stock broker ratings be found?

Stock broker ratings can be found in a number of different places such as sites that rate brokers based on third party observations or by asking a local trader what he or she recommends.


What is the best trading platform for stock trading with low minimum purchases?

The best platform for buying and trading stock with a low minimum purchase is buying stock that are managed by a stock broker. Stock brokers usually do not have any minimum purchase, but they will often charge a commission rate on all money earned.


What is the average hourly rate for an animator?

5.50 an hour with a 1% commission rate


What is the formula for calculating a real estate broker's commission?

In a simple scenario where the broker charges the commission as a percentage of the purchase price, then you would simply multiply the purchase price by the commission rate. For example, if your home sold for $100,000, and your broker charges a 7% commission, then you would calculate as follows:100,000 x .07 = 7,000These days there a lots of other possibilities, such as flat-fee brokers who charge a set rate regardless of purchase price.As a broker for 15+ years I have personally been involved in various transaction fee structured deals, but the majority are the first type I explained.


What is the percentage of a realtor commission today?

Although the typical commission rate is 7% for Residential and 10% Commercial there is no set commission rate, it all depends of the amount of work you want the agent to do (advertising, paperwork, ect.) and how much incentive you want to give the buyers agent which makes your house desirable for agents to show, also the agent does not get all of the commission, it is divided between the agent his broker the buyers agent and his broker plus advertising.