Brokers are typically compensated through commissions, which can be paid by either the buyer or the seller in a transaction, depending on the agreement. In real estate, for example, the seller often pays the broker's commission, which is then split between the listing and buyer's agents. In financial markets, brokers may earn fees directly from clients or through a percentage of the trades they facilitate. Ultimately, the payment structure can vary based on the type of brokerage and the specific services provided.
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