Definition of "Management fee"

Karen Peoples real estate agent
Karen Peoples, Real Estate Agent JP & Associates

  1. A charge based on the asset value of a real estate security portfolio to manage it. For an open-end mutual fond, the management charge is included in the selling cost of the security. For an investment adviser or bank trust department, the management charge is typically a percentage of the net asset value.
  2. In real estate, a fee to maintain property, collect rent, and keep the records.
 

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