Definition Of Real Estate Commission In Real Estate

Definition of "Real estate commission"

Kim Murray, Real Estate Agent Platinum Properties Real Estate

Amount a manger of real estate receives for his efforts. For example, a manger is to receive 2% of rentals collected as compensation from the landlord to manage the property. If the rentals received in a given month are $1,000,000, the manager's commission is $20,000.
Amount received by a real estate salesperson when a property is sold. For example, if the commission rate is %% and the home is sold for $500,000, the commission would be $25,000.
Governmental agency that enforces legal statues in connection with real estate transactions.