google bot detected Real Estate Commission | Real Estate Glossary |

Real Estate Commission

Definition of "Real estate commission"

  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.

Related Real Estate Glossary terms

Related Real Estate FAQ