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  2. Gross dealer concession - Wikipedia

    en.wikipedia.org/wiki/Gross_Dealer_Concession

    Gross Dealer Concession or GDC is the revenue to a brokerage firm when commissioned securities and insurance salespeople sell a product, whether it is an investment like stocks, bonds, or mutual funds, or insurance like life insurance or long term care insurance. The commission that the agent receives is usually a percentage of this figure ...

  3. Insurance broker - Wikipedia

    en.wikipedia.org/wiki/Insurance_broker

    An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers under a contract. [1]

  4. What is an insurance broker? - AOL

    www.aol.com/finance/insurance-broker-155457276.html

    Insurance brokers typically earn money in two primary ways: through commissions and broker fees. Commissions When a broker sells an insurance policy, they receive a commission from the insurance ...

  5. Independent insurance agent - Wikipedia

    en.wikipedia.org/wiki/Independent_Insurance_Agent

    Several companies may authorize the agent to sell for them, but the agent remains an independent businessperson. While the agent collects commissions, they do not collect a salary from the companies they represent. On average, independent agents work with thirteen property and casualty and six life and health insurance companies on a regular basis.

  6. How do real estate agent fees and commissions work? - AOL

    www.aol.com/finance/real-estate-agent-fees...

    Average real estate commissions by state. Overall, the national average Realtor commission in 2023 was 5.49 percent, according to data from Clever. In all but a few states, the average commission ...

  7. Closing documents: A guide for homebuyers - AOL

    www.aol.com/finance/closing-documents-guide...

    Agents and brokers are obliged to maintain a record of every transaction and should be able to give you copies of the related documents. In addition, the closing documents are usually held by the ...

  8. Broker-dealer - Wikipedia

    en.wikipedia.org/wiki/Broker-dealer

    Broker-dealers are at the heart of the securities and derivatives trading process. [1] Although many broker-dealers are "independent" firms solely involved in broker-dealer services, many others are business units or subsidiaries of commercial banks, investment banks or investment companies.

  9. Listing contract - Wikipedia

    en.wikipedia.org/wiki/Listing_contract

    Unless closing (or "settlement" or "close of escrow", as it is known in some parts of the country) is a condition of the listing agreement, the buyer's failure to complete the transaction may not require the seller to pay a commission to the broker. The commission is usually a percentage of the sales price of the property, ranging from 2 or 3% ...