Loanfactz Definitions
Glossary of Legal Terms, Loan Terms and Home Construction, Repair and Maintenance Definitions. Some words have more than one meaning. Only those meanings relating to this site will be used.
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Commission
An amount of money, usually a percentage of the sales price, that is collected by sales professionals, real estate agents, car sales representatives, loan officers, attorneys, insurance agents, brokers, escrow representatives, etc., as a fee for negotiating a transaction or performing a service.
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