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TeachMeFinance.com - explain Commission Commission -- an amount, usually a percentage of the property sales price, that is collected by a real estate professional as a fee for negotiating the transaction.. another definition... commission -- a fee paid to a person for conducting a business transaction or performing a service. A commission is usually based on a percentage of the total transaction. another definition... Commission -- 1. A board or committee officially appointed to perform certain functions or exercise certain jurisdiction of a public nature. 2. The amount paid by a principal to an agent for their role in the completion of a transaction involving the sale of goods or services. 3.The authority under which one acts, transacts business or negotiates for another. historic definition... Commission -- A fee for services in buying and selling. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.