Rhea Mae Amit

BSA-4

Subject: Sales Agency

ACTIVITIES OF A COMMISSION AGENT AND BROKER

A commission agent works for businesses of all sizes as a middleman between companies and
vendors. A person in this role can work in many industries, from real estate to sales and entertainment,
and in many parts of the world. A commission agent can also work for more than one business at a time.

COMMISSION: SIC CODES

There are 8 Economic Activities in all levels that contains the word “COMMISSION” in their name or
detailed description. Have you that what you are searching for?

Class 4510

Sale of motor vehicles

This class includes:

~ wholesale and retail sale of new and used vehicles:

~ passenger motor vehicles, including specialized passenger motor vehicles such as ambulances
and minibuses, etc.

~ lorries, trailers and semi-trailers

~ camping vehicles such as caravans and motor homes

This class also includes:

~ wholesale and retail sale of off-road motor vehicles (jeeps, etc.)

~ wholesale and retail sale by COMMISSION agents

~ car auctions

Class 4540
Sale, maintenance and repair of motorcycles and related parts and accessories

This class includes:

~ wholesale and retail sale of motorcycles, including mopeds

~ wholesale and retail sale of parts and accessories for motorcycles (including by COMMISSION
agents and mail order houses)

~ maintenance and repair of motorcycles

Class 4610

Wholesale on a fee or contract basis

This class includes:

~ activities of COMMISSION agents and all other wholesalers who trade on behalf and on the
account of others

~ activities of those involved in bringing sellers and buyers together or undertaking commercial
transactions on behalf of a principal, including on the internet

~ such agents involved in the sale of:

~ agricultural raw materials, live animals, textile raw materials and semi-finished goods

~ fuels, ores, metals and industrial chemicals, including fertilizers

~ food, beverages and tobacco

~ textiles, clothing, fur, footwear and leather goods

~ timber and building materials

~ machinery, including office machinery and computers, industrial equipment, ships and aircraft

~ furniture, household goods and hardware

This class also includes:

~ activities of wholesale auctioneering houses

Class 4799
Other retail sale not in stores, stalls or markets

This class includes:

~ retail sale of any kind of product in any way that is not included in previous classes:

~ by direct sales or door-to-door sales persons

~ through vending machines etc.

~ direct selling of fuel (heating oil, fire wood etc.), delivered directly to the customers premises

~ activities of non-store auctions (retail)

~ retail sale by (non-store) COMMISSION agents

Division 45

Wholesale and retail trade and repair of motor vehicles and motorcycles

This division includes all activities (except manufacture and renting) related to motor vehicles and
motorcycles, including lorries and trucks, such as the wholesale and retail sale of new and second-hand
vehicles, the repair and maintenance of vehicles and the wholesale and retail sale of parts and
accessories for motor vehicles and motorcycles. Also included are activities of COMMISSION agents
involved in wholesale or retail sale of vehicles.

This division also includes activities such as washing, polishing of vehicles etc.

This division does not include the retail sale of automotive fuel and lubricating or cooling products or the
renting of motor vehicles or motorcycles.

Division 46

Wholesale trade, except of motor vehicles and motorcycles

This division includes wholesale trade on own account or on a fee or contract basis (commission trade)
related to domestic wholesale trade as well as international wholesale trade (import/export).
Wholesale is the resale (sale without transformation) of new and used goods to retailers, business-to-
business trade, such as to industrial, commercial, institutional or professional users, or resale to other
wholesalers, or involves acting as an agent or broker in buying goods for, or selling goods to, such
persons or companies. The principal types of businesses included are merchant wholesalers,.
wholesalers who take title to the goods they sell, such as wholesale merchants or jobbers, industrial
distributors, exporters, importers, and cooperative buying associations, sales branches and sales offices
(but not retail stores) that are maintained by manufacturing or mining units apart from their plants or
mines for the purpose of marketing their products and that do not merely take orders to be filled by
direct shipments from the plants or mines. Also included are merchandise brokers, COMMISSION
merchants and agents and assemblers, buyers and cooperative associations engaged in the marketing of
farm products.

Wholesalers frequently physically assemble, sort and grade goods in large lots, break bulk, repack and
redistribute in smaller lots, for example pharmaceuticals; store, refrigerate, deliver and install goods,
engage in sales promotion for their customers and label design.

This division excludes the wholesale of motor vehicles, caravans and motorcycles, as well as motor
vehicle accessories (see division 45), the renting and leasing of goods and the packing of solid goods and
bottling of liquid or gaseous goods, including blending and filtering, for third parties

Division 47

Retail trade, except of motor vehicles and motorcycles

This division includes the resale (sale without transformation) of new and used goods mainly to the
general public for personal or household consumption or utilization, by shops, department stores, stalls,
mail-order houses, hawkers and peddlers, consumer cooperatives etc.

The goods sold in this division are limited to goods usually referred to as consumer goods or retail
goods. Therefore goods not usually entering the retail trade, such as cereal grains, ores, industrial
machinery etc., are excluded. This division also includes units engaged primarily in selling to the general
public, from displayed goods, products such as personal computers, stationery, paint or timber,
although these sales may not be for personal or household use. Some processing of goods may be
involved, but only incidental to selling, e.g. sorting or repackaging of goods, installation of a domestic
appliance etc.This division also includes the retail sale by COMMISSION agents and activities of retail
auctioning houses.
Commission Broker Duties

 Offer Advice: Commission brokers provide advice about what stocks to buy and sell. As they
earn a commission for each trade they execute for the customer, they typically make solicited
recommendations and suggest trade ideas to encourage trading volume.
 Provide Research: A commission broker usually distributes the brokerage company’s proprietary
research to customers. Research reports might include buy and sell recommendations to urge
customers to trade.
 Account Management: Commission brokers who are full-service stockbrokers may make
investment decisions on a customer’s behalf. Investors should review discretionary accounts
frequently to ensure their broker is not overtrading to generate additional commissions. For
example, a broker may be churning a customer’s account if they are buying and selling stocks
that operate in the same industry.