Real Estate Commission

Definition of "Real estate commission"

 

Kim Murray

Platinum Properties Real Estate

1. 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.
   
2. 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.
   
3. Governmental agency that enforces legal statues in connection with real estate transactions.
   

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