Collection Commission

Definition of "Collection commission"

Commission paid to an agent as a percentage of the premiums he or she collects on debt insurance (home service insurance, industrial insurance).

Search Real Estate Glossary

Related Real Estate Glossary terms

Encumbrance

Debt secured by a lien on property. Commitments related to unfilled contracts for real estate. The ...

Closing Statement

Detailed financial accounting of all the credits and debits for the buyer and seller upon consummati ...

Direct Selling System

Same as term Direct Response Marketing: method of selling insurance directly to insureds through a c ...

Contract For Deed

Method of selling and obtains possession, but the seller retains the title. ...

Income Statement

Also called profit and loss statement. A financial statement depicting a business entity's operating ...

Laddering

Purchasing bond investments that mature at different time intervals. ...

Related Real Estate FAQ

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Will My ARM Loan Payment Be ?

RealEstateAgent.com calculator will compute your initial payments and estimate your future payments. ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Build or Buy? That’s the Big Question Tax Breaks for the First Time Home Buyer 5 signs of house foundation problems Foreclosure - The Pros and Cons of Buying Real Estate Open House - The Dos and Don

FAQ

What is a mortgagor? What is a quit claim deed? What is a title search? What is a fixed-rate mortgage? What is a loan-to-value (LTD) ratio?