Broker and Commission agent

Question

14 Sep 2022

Answer :

Word Count : 325

Commission agent is the middle man, who works for an organisation and collects commission from an organisation for successful completion of sale.

For example: LIC agent collects commission from an organisation for collection of premium from insurer .

Broker is the middleman, who works for an individual and not for an organization. collects commission from individual.

For example real estate broker collects commission from individual seller or buyer for successful completion of sale deed.

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