Commission Split
Definition of "Commission split"
The method for splitting a commission between a registered real estate sales person and the sponsoring real estate broker, and between the listing broker and the selling broker, or any person regularly engaged in the real estate business in any other state.
Popular Real Estate Terms
Permanent structure protruding from the side of a building. In addition to providing shelter, a marquee is often used as an advertising format. For example, a movie theater marquee lists ...
Structure not directly belonging to a property but considered a part of it through the use of an easement of common consent. ...
The Ellwood method based on a multiplier of mortgage-equity to determine the value of income-producing property. ...
An obligation of the owner of property that is recorded with his permission such as a mortgage. Encumbrance on property without being objected to by the owner. ...
unfinished access space below the first floor having less height than a full story. An individual must crawl through the crawl hole to gain access. Any interior passage of limited ...
A narrow passageway between buildings providing secondary rear access. ...
Situation where a neighbor hood is gradually occupied by progressively lower income people. ...
A closed-end mortgage is a mortgage in which the collateralized property cannot be used as security for another loan. See also open-end mortgage for a better understanding of the ...
Blockbusting is a despicable and illegal racist business practice. Here’s how Blockbusting happens: a real estate agent, or someone posing as one, comes to a homeowner and instills ...
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