Definition 1.
A fee charged by a broker or agent for his/her service in facilitating a transaction, such as the buying or selling of securities or real estate. In the case of securities trading, brokers can be split into two broad categories depending on the sales fees they charge. Discount brokers charge relatively low sales fees, but provide no services beyond executing trades. Full service brokers charge higher sales fees, but provide research and investment advisory services. also called commission.
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