Real Estate Commission | Real Estate Glossary

Definition of "Real estate commission"

Kim Murray

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.

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Payment of insurance proceeds for a claim resulting from a loss to insured mortgaged property. ...

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Changes in the market conditions, or improvements to the property that increase the value of the pro ...

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