Direct answer
What does Commission mean?
Compensation paid for brokerage services under an agreement.
Exam cue: Apply the rate to the base identified in the question and then follow any split instructions.
What does it look like in a question?
New York example
A 5 percent commission on a $600,000 sale is $30,000 before splits and other allocations.
Common exam trap
What should you not confuse it with?
Commission rates are negotiable and are not fixed by New York law.
Related real estate math terms
AcreA land-area unit equal to 43,560 square feet.AreaThe amount of surface within a two-dimensional boundary.Capitalization rateA rate that relates a property's net operating income to its value or price.MillA property-tax rate unit equal to one dollar of tax per one thousand dollars of taxable value.PercentageA ratio expressed as a part of one hundred and written with the percent symbol.ProrationAllocation of income or expense between parties for their respective periods of ownership or responsibility.
Sources used2 references with section locators
The curriculum citation confirms exam scope. Definition and rule citations support the explanation itself. Links and locators were checked on August 26, 2026.
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