> ## Documentation Index
> Fetch the complete documentation index at: https://docs.korint.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Commission & fee management

> How broker commission and fees are configured and enforced per product

Broker remuneration is configured per brokerage firm and per product. Each firm-and-product pairing carries its own commission and fee settings, validated against limits the product defines.

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## What can be configured

For a given firm and product:

* **Commission** — a minimum, default, and maximum commission rate.
* **Hard commission limits** — upper and lower bounds that the commission range itself cannot cross.
* **Total-commission bounds** — a minimum and maximum for the combined commission across the distribution chain.
* **Management fees** — a minimum and maximum management fee (a fixed amount, not a percentage).

When a firm's fees are created or updated, Korint validates them against the product's configured bounds and rejects values that fall outside them.

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## Wholesale and retail splits

In a wholesale/retail chain, the commission is split between the wholesale firm and the retail firm. The combined split is clamped to the total-commission bounds, and a **compensation strategy** decides how any adjustment is absorbed:

* **Wholesale absorbs** — the wholesale share is adjusted to bring the total within bounds; the retail share stays as configured.
* **Retail absorbs** — the retail share is adjusted; the wholesale share stays as configured.
* **None** — no automatic adjustment; a split that falls outside the bounds is rejected.

The compensation strategy is set at the product level, so every firm distributing that product follows the same rule.

<Note>
  Teams inherit their fee configuration from their parent retail firm—see [Team brokerage firms](/concepts/brokerage-firms/teams).
</Note>

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## Where fees are used

The configured commission and fees feed into [quoting](/concepts/quotes)—shaping how the price is broken down for each firm in the chain—and flow through to [billing](/concepts/billing/overview).

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## Related Documentation

* **[Brokerage firm types](/concepts/brokerage-firms/brokerage-firms-overview)**: Wholesale, retail, and team firms
* **[Quotes & pricing](/concepts/quotes)**: How fees appear in the price breakdown