commission

  

Definitions (2)

1.Mutually agreed upon, or fixed by custom or law, fee accruing to an agent, broker, or salesperson for facilitating, initiating, and/or executing a commercial transaction.
2.Formal body comprising of one or more experts formed on an ad hoc or continuing basis to address, debate, and/or exhaustively investigate matters within the expertise of its members or within the scope of the commission's mandate. Unlike councils, commissions may have advisory, quasi-judicial, or regulatory powers.

Use commission in a sentence

  • The real estate office charged a small commission on every house sold and used this fee as an incentive for the agents to sell more houses.

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  • The real estate agent was eager to sell the nervous young couple their new apartment because she wanted to earn her commission which was agreed upon by the company for which she worked.

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  • The artist was given a commission to creatively paint a wall in a house in one week for one hundred dollars.

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