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Is there any distinct difference between commission and brokerage?

Open uri20170510 32134 7ezpi6?1494421819 asked

Is there any distinct difference between commission and brokerage?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Commisiion: There are agents who purchase the goods from the manufacturer and sell them to the consumer. In a sense, such agents bring the manufacturers and the consumers together for transaction. The remuneration which an agent gets for his services in the transaction is called commission. Brokerage A broker is that middle-man who brings together a prospective seller and a prospective buyer and negotiates the sale between them. The commission that he gets is called brokerage, which may be charged from both the parties.

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Open uri20170510 32134 blndvi?1494421794 answered

Dear Mr.Jaggu, **Commisiion:** There are agents who purchase the goods from the manufacturer and sell them to the consumer. In a sense, such agents bring the manufacturers and the consumers together for transaction. The remuneration which an agent gets for his services in the transaction is called commission. **Brokerage** A broker is that middle-man who brings together a prospective seller and a prospective buyer and negotiates the sale between them. The commission that he gets is called brokerage, which may be charged from both the parties. Thanks,

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