Agents who link buyers with sellers receive?

Assessment: WAEC SSCE - Commerce - 1994 (Objective) Subject: Commerce

Question 1 Report

Agents who link buyers with sellers receive?
Answer Details
Agents who link buyers with sellers receive brokerage. Brokerage is a fee paid by either the buyer or the seller or both, to an agent who acts as an intermediary in the transaction. The agent helps to facilitate the transaction by bringing the buyer and the seller together, negotiating the terms of the transaction, and completing the necessary paperwork. The fee paid to the agent is called brokerage. It is a common term in the real estate and stock markets, but can be applied in other industries as well.
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