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Graduated commission splits
Graduated commission splits Other companies have graduated commission splits based on a salesperson's achieving specified production goals.
RELATED TERMS--------------------------------------
Commission
Money paid to a real estate agent or broker by the seller as compensation for finding a buyer and completing the sale, usually a percentage of the sale price (6 to 7 percent on houses, 10 percent on land).
SIMILAR TERMS--------------------------------------
Grade
The elevation of land above level ground.
Grade level
The flat or sloping surface upon which a house is built.
Graduated lease
A lease, generally long-term in nature, in which rent varies depending upon future contingencies
Graduated-payment mortgage (GPM)
A loan in which the monthly principal and interest payments increase by a certain percentage each year for a certain number of years and then level off for the remaining loan term.
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Government National Mortgage Association
A government owned agency that acts as a secondary market conduit for FHA and VA loans. GNMA guarantees the timely principal and interest payments to investors.
Government survey system
A system of land description that applies to much of the land in the United States, particularly in the western states; also called the geodetic or rectangular survey system.
Grace Period
Additional time allowed to complete an action (e.g., make a payment) before a default or violation occurs.
Grade
The elevation of land above level ground.
Grade level
The flat or sloping surface upon which a house is built.
Graduated commission splits
Graduated lease
A lease, generally long-term in nature, in which rent varies depending upon future contingencies
Graduated-payment mortgage (GPM)
A loan in which the monthly principal and interest payments increase by a certain percentage each year for a certain number of years and then level off for the remaining loan term.
Grandfather Clause
The clause in a law permitting the continuation of a use, business, etc., which was permissible but because of a change in the law is now no longer permissible.
Granny flat
Slang term for a separate unit in a house or above the garage, which in the past may have been occupied by an elderly relative.
Grant
To bestow or transfer an interest in real property by deed or other instrument
This dictionary contains 6433 terms. |
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