Final answer:
Commissions on sales written by solicitors are typically paid based on a percentage of the value of the sale. Some companies may also offer tiered commission structures. Solicitors should keep accurate records of their sales and commissions.
Step-by-step explanation:
Commissions on sales written by solicitors are typically paid based on a percentage of the value of the sale. For example, if a solicitor sells a product worth $100 and the commission rate is 5%, they would receive $5 as commission. The specific commission rate can vary depending on the industry and the agreement between the solicitor and the company.
Some companies may also offer tiered commission structures, where the commission rate increases as the sales volume or revenue generated by the solicitor exceeds certain thresholds. This can serve as an incentive for solicitors to achieve higher sales targets.
It's important for solicitors to keep accurate records of their sales and commissions to ensure they are properly compensated. This can be done through tracking systems or sales management software that helps monitor and calculate commissions.