Renewal Commission

Definition of "Renewal commission"

 Karin   Turner
Karin Turner CENTURY 21 North Shore

Commission paid to an agent after the first year commission has been paid to that agent. Renewal commissions generally form a substantial portion of an agent's income after four years in the business and serve as an important incentive for him or her to make every effort to keep the policies on an in-force business status.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ