Gross Commission definition

Gross Commission means all commissions paid to or collected by the Brokerage, before any deductions, pursuant to any listing agreement, buyer representation agreement, confirmation of cooperation and representation, referral agreement, and/or any invoice for services rendered. "Independent Sales Representative's Real Estate Transaction" means a Real Estate Transaction generated by the Independent Sales Representative as provided for in the trade record issued by the Brokerage;
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Gross Commission means the commission to be paid to The Auctionarium Inc., for the completion of an auction transaction and determined as a percentage of the Contract Price, which percentage may vary from auction to auction in the sole discretion of Auctioneer and market conditions.
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Gross Commission means the amount of commission, including any and all bonuses, earned by the Agent’s broker (the “Broker”) at the closing of a transaction which in any way involves a Referral (as defined below), prior to any split of such commission with the Agent or any other brokers on the Agent’s side of the transaction.
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Examples of Gross Commission in a sentence

  • This Agreement , including the provisions for the Gross Commission is a contract between Owner (you) and Broker (▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, Inc.) and must never be discussed with any other real estate agents except for the amount in section 4(c) (MLS Commission) which is the amount to be paid to a Cooperating Broker that procures the sale.

  • It is hereby agreed that should a sale of the Property to the Client closes escrow, and SHS receives a commission from said sale, Co-Broker shall be entitled to Fifty Percent (50%) of the Gross Commission only if Co-Broker complies with all terms and conditions herein.

  • The Agreement and the Gross Commission is an agreement between Owner (you) and Broker (▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, Inc.) and must never be discussed with any other real estate agents except for the amount in section 4(c) (MLS Commission) which is the amount to be paid to a cooperating broker that procures the sale.

  • Upon termination of this Agreement, the Independent Sales Representative's right to any Gross Commission paid or collected prior to the date of termination shall not be affected by reason of such termination, except in accordance with section 14.3 herein.

  • Gross Commission is determined using a cash basis method of gross revenue generated by the project or sale of products and or services less all costs and expenses relating thereto.

  • DoveBid will provide to Yahoo quarterly reports certified by an officer of DoveBid that describes in sufficient detail the number of transactions completed, the gross revenue resulting from those transactions, and the calculation of the Gross Commission.

  • Front-Line Qualifying Active (FLQA): A Front-Line Qualifying Active agent is a licensed agent who has been personally sponsored into eXp Realty and that has been active and productive with the Company during the prior rolling six- month period by closing: 1) a minimum of two full credit Sales, or the equivalent; or 2) $5,000 in Gross Commission Income.

  • For the full and proper performance of the services required of CONTRACTOR under this Agreement with respect to CONTRACTOR Shipments, BROKER shall compensate CONTRACTOR in the amount of fifty percent (50%) of the Gross Commission Revenue BROKER collects on any CONTRACTOR Shipment BROKER brokers to another motor carrier.

  • Accordingly, if the Gross Commission Ratio at the time the Override is determined is greater than the Gross Commission Ratio on the date of this Agreement, then the amount of gross leasing commissions received by Insignia\ESG shall, for purposes of determining the Override, be reduced to the point that the Gross Commission Ratio at the time the Override is determined is equal to the Gross Commission Ratio on the date of this Agreement.

  • Commission Disbursement Schedule: The Licensed Selling Assistant will earn a commission equal to 50% of the Gross Commission for each transaction that they originate, on both the sale of listings that they take, and sales of listings other than those listed by (Sample) Team’s Office.


More Definitions of Gross Commission

Gross Commission means the gross amount of money received by Agent for a consummated Transaction prior to any split of commission with any other agents or brokers on Agent’s side of the Transaction, or any deduction of expenses.
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