Brokerage and commission (Business Law)

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Author : vivek

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Posted On 18 July 2012 at 11:15

What is the diff btwn Brokerage and Commission according to laws with sections, if both are same tell me the defination with section from any of the ACTS.

R.vivek,
Article Assistant,
SRIPADA ASSOCIATES,
Chartered Accountants.

Expert : ajay sethi

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Posted On 18 July 2012 at 11:27

academic query

Expert : Trivedi Advocate

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Posted On 19 July 2012 at 18:01

Dear Vivik,

Brokeage and commission both are linked with each other. please see below:-

Commission- A form of payment to a brokerage in which the brokerage receives a percentage of the value of each transaction that a client orders. Commissions are seen as advantageous to a client because if the client does not make orders, then he/she does not have to pay a broker. However, commissions create an incentive for brokers to make as many transactions as possible.