Broker Compensation definition

Broker Compensation means the compensation paid by the Scheme to the Broker for providing Broker Services;
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Broker Compensation means all fees and other compensation, however denominated, that Broker receives from TCF in connection with the Origination Services.
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Broker Compensation. $400 for each closed transaction that has not been rescinded. * CHASE WILL PROVIDE AN APPRAISER REVIEW LIST. THE REVIEW LIST CONTAINS APPRAISERS WHO, IF USED, WILL REQUIRE A FIELD REVIEW BY G. F. HANSON LOAN QUALITY SERVICES AT THE BROKER'S EXPENSE.
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Examples of Broker Compensation in a sentence

  • Date Broker Compensation Questionnaire and Acknowledgement Broker hereby acknowledges that Broker must comply with the loan originator compensation rules under 12 C.F.R. §226.36 (“Compensation Rules”) for all loan files received by Sierra Pacific Mortgage Company, Inc., (sometimes doing business as 1st National Lending Services or Sierra Pacific Mortgage Services, Inc.

  • Further, while a submitted Loan Application is being processed, the source of Broker Compensation may be changed from Borrower-Paid Compensation to Lender-Paid Compensation or from Lender-Paid Compensation to Borrower-Paid Compensation.

  • You will not complete both Description Amount Broker Compensation Paid by Consumer - This amount represents the total of all fees that are paid to the broker directly by you for arranging your loan with a mortgage lender.

  • If, (a) Seller enters into an exclusive listing agreement with the Referred Broker; and (b) the Property is sold during the exclusive listing period with Referred Broker; and (c) Referred Broker pays or causes to be paid, a referral fee to Broker, then Broker shall refund any Broker Compensation actually paid to Broker by Seller.

  • RS will not be responsible nor a party to any Broker negotiations with borrowers in a Borrower-Paid Broker Compensation transaction.

  • Maximum Broker Fee: Total including Direct Broker Fees and Broker Compensation that the Lender will pay.

  • Broker Fees That You Will Pay Directly Amount of Fee Application Fee $ Processing Fee $ Other: (e.g. Origination Fee) $ Broker Points ( % of loan amount) $ $ (Must be completed) + $ (Must be completed) = $ Total Direct Broker Fees You Will Pay: Excluding fees paid to third parties, such as appraisal fees) Broker Compensation That the Lender Will Pay: The mortgage lender will pay a yield spread premium to us as your mortgage broker­ yield spread premium will not exceed % of your loan amount.

  • Amount of Broker Compensation Based on Loan Amount: $ Paid by: Xxxxxxxx Xxxxxx LOAN ORIGINATOR ACKNOWLEDGEMENT By signing below, I affirm that we have not discriminated on the basis of race, color, religion, national origin, sex, marital status, handicap, familial status, or any other legally prohibited basis in setting the amount of broker compensation.

  • Lender may provide adjustments to the Broker Fee as set forth in the Broker Compensation Form which may include increases and decreases, in percentages or in fixed amounts, relating to various factors, as determined by Lender in its sole and absolute discretion (the “Factors”).

  • The Broker Fee payable by Lender for the assignment of a Loan Submission and any resulting Loan shall be determined in accordance with a calculation based upon the Broker Compensation Form or such other method provided by Lender (collectively, the “Selection”) subject to adjustment as provided in Exhibit A attached hereto, as it may be amended and supplemented from time to time, or as otherwise provided for in the Guidelines or the Broker Compensation Form itself.

Related to Broker Compensation

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Basic Compensation means Salary and Benefits.

  • Earnable compensation means the full rate of the

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Section 415 Compensation means:

  • 415 Compensation means:

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Final compensation of a member means:

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Annual Compensation means an amount equal to the greater of:

  • Creditable compensation means the full compensation payable annually to an employee working

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.