Questions: Education & Career

I work 50 hours every week

** Not a financial advice question **

Ever since I was working age from about 18 in my country, i've always been grateful for the insurance in my superannuation. I don't think it's equivalent to the American or other countries 401(K) or retirement funds earnt from working etc etc : unrelated to the pension.

I'm always grateful that regardless if I'm employed or unemployed, as long as I've got funds in my super, it basically stores for the winter for me, life insurance coverage and disabled insurances coverage. It's something an anxiety prone me is always grateful for, after all, life's unpredictable and dangerous, and as someone with dependents or relatives, it's a peace of mind to me for me. Again not an advice to get such coverage.

Do you have life insurance? Why or why not? How long now? Through employment or retirement fund or? I think I've been insured for over 10 years now.

Should ONLY buyers pay? Sellers? Split? At what ratio? Should brokers ONLY get a percentage or are flat fees (either as a standalone cost or ON TOP of the percentage cut? Are they even NEEDED?

Real estate

Commercial sellers / property managers: Brokers specialize in arranging transactions for offices, retail spaces, and industrial buildings.

Finance & securities

These professionals charge higher fees, often a percentage of assets under management, in exchange for a wide range of services.

Insurance.

Commissions: Brokers typically earn a commission paid by the insurance company as a percentage of the policy's premium. They may also earn a smaller "renewal commission" when the policy is renewed.

Broker fees: In addition to or in place of a commission, a broker may charge a fee directly to the client for their advisory or administrative services

Business and mergers and acquisitions

Brokers commonly charge a commission of 10% to 12% on smaller deals, with the percentage decreasing on larger transactions.

Retainers: For larger M&A deals, advisors often charge an upfront retainer fee in addition to a success fee paid at closing.

Mortgages.

Lender-paid compensation: In most cases, the lender pays the broker a commission, which may result in the borrower paying a slightly higher interest rate. Some pay borrower directly, typically 1% to 2% of the total loan amount, usually paid at closing.

Shipping and logistics.

Commission: A freight broker's compensation is typically a percentage of the difference between what the shipper pays and what the carrier charges or flat fee. This can range from 10% to 25% depending on the load.

Customs.

Transaction fees: For each entry or declaration, customs brokers charge a service fee, which can be a flat rate or based on a percentage of the goods' value.

Luxury goods

Art brokers: Facilitate the buying and selling of art and charge a commission or fee based on the transaction.

How intelligent do you consider yourself to be?

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