Brokerage


Definition of "Brokerage"

(1) Licensed broker employed to represent and match both buyers and sellers. Usually employs several real estate agents in an office. (2) Commission or fee charged to sell real estate or perform related real estate services.

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Popular Real Estate Terms

Unsolicited Listings

Listing of real estate property done without any effort an the part of the real estate broker. An example is when a homeowner calls the real estate br ...

Securities Investor Protection Corporation (sipc)

Federal insurance fund that protects assets in client accounts held by registered securities broker-dealers. The SIPC is a nonprofit corporation creat ...

Franchise

Privilege granted by a franchiser to a franchisee permitting the latter to operate using the franchiser's name. The franchisee must pay a franchise fe ...

Covenant Not To Complete

Legal agreement not to perform an activity similar to that performed by another individual or business. This contractual provision may be necessary to ...

National Association Of Realtors (NAR)

Founded in 1908 and located in Chicago, IL, the NAR is a federation of 50 state associations and 1848 local real estate boards, termed either Realtors ...

Brokerage Fee

Commission paid to a broker for selling an insurance company's products. This fee may or may not include an expense allowance depending on the amount ...

Popular Real Estate FAQ

What Is A Proprietary Lease?

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a particular unit. ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortgage insurance, and other costs. ...

I Dont Know The Zip Code Of My Areas. How Do I Find An Agent That Is Right For Me In My Area.

Please refer to our directory, where you will be able to browse using Counties and/or Cities. ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property to depreciate. This is why it\'s a great investme ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individual. ...

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