Final answer:
In the context of business, an agent earns a commission when they successfully facilitate a transaction or complete a sale on behalf of their client. The specific terms and conditions for earning a commission may vary depending on the industry and any contractual agreements in place.
Step-by-step explanation:
In the context of business, an agent is usually considered to have earned a commission when they successfully facilitate a transaction or complete a sale on behalf of their client. This means that they have played a crucial role in bringing about a desired outcome and are entitled to a percentage of the proceeds as their commission.
For example, in the real estate industry, a real estate agent earns a commission when they successfully sell a property for their client. Similarly, in the insurance industry, an insurance agent earns a commission when they sell an insurance policy to a customer.
It is important to note that the specific terms and conditions for earning a commission may vary depending on the industry, the type of transaction, and any contractual agreements in place.