What is the term for a fee paid to a sales agent for completing a transaction?

The term for a fee paid to a sales agent for completing a transaction is a commission. This payment is typically a percentage of the sale and serves as a financial incentive for the sales agent to close deals and generate revenue for the business. Commissions align the interests of the agent with those of the company, motivating them to perform effectively and increase sales volume.

In sales-related jobs, commissions are a common form of compensation, distinguishing them from salaries, which are fixed payments made regardless of performance. Bonuses generally refer to additional rewards given for achieving specific targets beyond regular compensation, whereas incentives can encompass various forms of encouragement, including both monetary and non-monetary rewards, to boost performance or behavior but are not specifically tied to a single transaction as commissions are.