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.

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