Sales Commission


Definition of "Sales commission"

Amount earned by a real estate broker for his or her services upon the sale of real estate. It is usually expressed as a percentage of the selling price.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Title Theory States

Some states make the legal assumption, based on title theory, that the mortgagee is a partial owner ...

Collection Fee

Fee paid to an agent as compensation for his or her collecting premiums for debit insurance (home se ...

Annuity Payment Option

Series of payments made on either a FIXED DOLLAR ANNUITY basis or VARIABLE DOLLAR ANNUITY basis. ...

Dual Contract

Illegal practice of having two contracts for the same transaction. One contract may be used as a su ...

Agency Manager

Individual in charge of an insurance company agency. The manager is an employee of the company and i ...

Lag

Time that has elapsed between when claims actually occurred and when claims are actually paid. ...

Related Real Estate FAQ

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

Should I Consolidate My Debt?

Discover your potential monthly savings by combining your bills into a single source. Eliminate high ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

What Is A Subprime Mortgage?

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

What Is A VA Loan?

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Getting Ready to Sell? Don't make these DIY Mistakes! Short Sale Homes 5 U.S. Cities with the Best Public Transportation Mortgage Loan Types 10 Tips for Homebuyers

FAQ

I need Hospital Insurance in addition to my current health insurance policy? What is a basic policy? What is a survey? What is a mortgagor? What do I need to know about Auto Insurance?