Sentences with phrase «commission upon sale»

Your theory vis a vis who «ultimately» pays the commission upon a sale of a property listed and sold through the contractual requirements / obligations of a real estate brokerage is an old one; this debate has been on - going for ever it seems.

The agreement states that you'll be paid a two per cent commission upon sale of the building.

Not exact matches

«I rely on one or more investment advisors who are compensated, at least in part, based upon sales commissions.»

This includes even the most potentially lucrative of sales positions, where the base pay is typically lower and the majority of their financial security depends upon commission.

My salesman new he'd be off when I came back the next day and he would have to split the commission with whoever ended up helping me upon my return but he wasn't ugly about it at all and personally made arrangements for the person who'd function in his stead to meet me and finalize the sale.

This is because they work based upon a per car commission of $ 250 a sale instead of the standard percentage based commission.

In most cases, such an agent will not charge you a direct fee, but instead will split the commission that the seller's agent receives upon sale of the home.

If you hire the right representative, he or she will not charge a fee directly to you, but instead will split the commission that the seller's agent gets upon sale.

That said, you can always try and negotiate a lower commission rate, but this needs to be agreed upon prior to the listing and sale of your home.

No load funds are just as they sound, there is no up - front commission paid to the advisor, and there is no deferred sales charge upon selling the funds.

Front - End Load — This is a commission or sales fee that you pay upon making the initial investment.

Back - End Load — This is a commission or sales fee that is incurred upon the sale of your investment.

The role will involve: * Dealing with existing clients, expanding upon current relationships and winning new clients, working with the director to grow and develop the division * Visiting clients face to face * Growing your candidate base via networking, targeted advertising etc * Placing candidates across a range of industries into sales - based roles, up to director level * Attending networking events * Develop market intelligence and identify new areas of penetration A competitive basic plus excellent commission - up to # 50k OTE.

# 20,000 to # 23,000 basic salary + realistic 1st year OTE # 40,000 + plus excellent benefits A Graduate Trainee Recruitment Consultant's typical day will include: Business development, client meetings, interviewing candidates, marketing, headhunting, negotiating terms of business and maintaining client relationships Graduate Trainee Recruitment Consultant Profile: • Degree educated or experienced in sales • Highly ambitious • Competitive & focussed • Money & reward driven • Thrive in a fast pace environment • Out - going & personable • Hard - working • Strong desire to progress Benefits & Incentives: • All expenses overseas trips - Majorca, Ibiza, Vegas • Up to 40 % of your billings paid in commission • Progression based upon performance (Realistic 1st year progression to Senior Consultant) • Lunch clubs for Top billers • Shopping vouchers • Company drinks on Fridays • Car share schemes To apply for this unique opportunity, please send your CV and we will be in touch for a chat.

We offer an excellent basic salary, uncapped commission» No KPIs» We have an excellent reputation» Only work full time 39 weeks of the year» Pension» Company car upon achieving the desired billing level» Freedom to manage your own desk how you like to manage it» Personal development and promotion opportunities» Group Share scheme» Free parking You will not be asked to make 100 unnecessary sales calls a week or speculative calls on a morning, you will not be asked to interview 10 people a week for the sake of interviewing and you will not be set KPIs.

Candidate Consultant Rec2Rec Sector # 12,000 - # 16,000 (depending upon experience) Uncapped commission 10 % + (with no sales) OTE # 25,000 - # 35,000 + Bright, modern offices Training and progression available Free parking Flexible working available.

Trainee Recruitment / Sales Consultant - Base Salary + Unlimited Commission - Newcastle Upon Tyne, City Centre Offices.

The Listing Contract signed between the seller and the Realtor stipulated that the commission is payable «upon a binding contract of sale of the property entered into during the term of the Listing Contract».

In other words, a quick sale might indicate a fire sale situation, a previously agreed - upon price between a seller and buyer, an underpriced listing manipulated by a trusted but nevertheless unscrupulous Realtor in search of a quick commission, a low price designed to settle up a disposition of assets during a divorce proceeding, a sale designed to settle up a Will proceeding etc., etc..

The sale price was set at $ 65,000 and the commission was not agreed upon.

Further, «where a real estate broker has an exclusive listing and has established that the property described in the listing agreement has been sold, a prima facie case is established for a commission upon the entire sales price.»

In this topsy - turvy world, buyers pay broker's commissions (usually 2 percent) on top of the agreed - upon sales price.

It merely states that an agent's commission or remuneration «shall be upon an agreed amount or percentage of the sale price or rental»; HST is additional.

Investors Group sales people are paid by commissions upon selling in - house investment products (mutual funds etc.).

In other words, I could negotiate the commission amount to be paid by the seller to «my» Brokerage upon a completed sale of his / her property.

Upon the successful sale and equitable commission split of the home, the named agent gets a call to list a neighbour's house.

Since the Realtor gets paid his commission only upon a completed sale, and because he has a family to support, it is only natural and almost inadvertent that the Realtor will subconsciously use all of this information in order to nudge one or the other of the parties (or both) toward a compromise sale.

Upon completion of the sale, it is the seller as principal who pays the commission to his servant, the listing broker, who in turn has permission to share his commission with the selling broker.

An MLS listing has a total amount of commission that is divided into two parts: listing and selling — the brokerages involved each receive their portions upon a successful sale and the monetary cost of their contributions or involvement could be so proportioned.

The Agent Income Worksheet allows you to project your annual income based upon entering your average sale price, commission, appointments and leads.

A commission is generally payable to the brokerage upon completion of a sale.

Coldwell Banker Village Green Realty v. Pillsworth (32 A.D. 3rd 568 [3rd Dept.]-RRB-- Order of the Supreme Court granting broker's motion for summary judgment affirmed; in the absence of an agreement to the contrary, the broker's right to a commission is not contingent upon performance of the underlying real estate contract, receipt by the seller of the sale price, transfer of title, or even a formal execution of a legally enforceable sales contract; seller could not utilize the provisions of a subsequently executed sales contract wherein seller agreed to pay broker's commission «if and when title closes» as a bootstrap to avoid her obligation to the broker under the clear and unambiguous provisions of the listing agreement as such language was contained in the contract of sale prepared by counsel and to which broker was not a party; provisions in listing agreement that seller would accept a binder or purchase contract contingent upon purchaser's ability to obtain conventional financing and provided any other contingencies in the binder or purchase agreement are acceptable to the seller speak only to the type of purchase offer that seller was obligated to accept and does not alter or otherwise qualify broker's right to a commission

Realty Investors of USA, Inc. v. Bhaidaswala (254 A.D. 2d 603)- order dismissing broker's complaint reversed; listing agreement entitling broker to a commission in the event that broker procures a purchaser on terms specified therein or any other terms acceptable to owner not dependent upon the execution of a legally enforceable sales contract, so long as the seller and buyer have come to a meeting of the minds on the essential terms of the transaction.

Brown Harris Stevens Residential Sales, LLC v. Safari Development Company Ltd. (281 A.D. 2d 211)- nonjury trial judgment awarding brokerage commission unanimously affirmed; preponderance of the evidence shows that the proposed sale was not contingent upon seller's ability to consummate a like kind exchange

Day Realty v. Spiegel (216 A.D. 2D 241) order granting broker's motion for summary judgment reversed; issue of fact raised precluding summary judgment as to whether or not commission agreement conditioned the earning of the commission upon the closing of the sales transaction.

Renee Despins Realty, Inc. v. Roberts (1 A.D. 3d 211)- broker's exclusive brokerage agreement with owner provided for commission for the sale of a condominium upon closing of title or a willful failure to close; brokerage agreement excepted named buyer from exclusive agreement; named buyer purchased the property during the term of the exclusive; dismissal of broker's complaint unanimously affirmed where brokerage agreement expressly excepted the purchasers from its operation

Kling Real Estate, Ltd. v. DePalma (306 A.D. 2d 445)- summary judgment motion dismissing broker's complaint affirmed; broker's suit for commission based upon two binder agreements fails where unilateral modification of the proposed contracts of sale by the prospective purchasers constituted a counter offer which the seller rejected; no cause of action exists for commission against buyer in second transaction where sellers agreed to pay the brokerage commission

Levy v. Friedman (216 A.D. 2D 18) order granting summary judgment dismissing broker's complaint affirmed; commission due upon title actually closing; broker's claim of seller / client's willful default under contract of sale hasno merit where seller did not enter into contract of sale and therefore could not willfully default.

Mautner - Glick Corp. v. Dime Savings Bank (232 A.D. 2d 235)- broker not entitled to commission where buyers introduced by broker elected not to sign sales contract and therefore were not ready, willing and able buyers; broker not entitled to commission where same buyers successfully bid for same property at a foreclosure sale the next day; broker bound by brokerage agreement signed by its agent; broker not entitled to commission where brokerage agreement conditioned entitlement to a commission upon the buyers» execution of an assignment agreement and the assignment actually being made where neither condition is fulfilled.

Kaplon - Belo Assoc., Inc. v. McKesson Corp. (279 A.D. 2d 554)- broker was not entitled to commission where brokerage agreement conditioned commission upon consummation of sale and transfer of title and broker produced a prospective buyer but no contract of sale was ever executed

Helmsley - Spear, Inc. v. Kupferschmid (301 A.D. 2d 442)-- no commission was due where sale of the subject property and broker's commission were contingent upon the satisfaction of the condition which went unsatisfied through no fault of the seller; broker failed to produce a buyer ready, willing and able to purchase the property on terms acceptable to the seller where the «marked - up» contract returned to seller by the buyer's lawyer constituted a counteroffer which seller did not, and was not in good faith obligated to, accept.

Odell Real Estate v. Fitzgerald (177 A.D. 2d 360) summary judgment affirmed for broker upon referee's finding that seller knowingly blocked the sale and deprived broker of his commission.

Steven G. Walther, Inc. v. Taranto (16 A.D. 3d 1076) buyers procured by broker remained ready willing and able to complete the purchase pursuant to the terms of the purchase contract thereby entitling broker to its commission where purchase and sale contract addendum made the offer contingent upon the sale of buyer's existing residence; pursuant to the addendum, seller received another purchase offer, he was entitled, upon notice to the buyers, to accept the offer and cancel the contract with the buyers unless they removed the sale and transfer of title contingency within three days after receiving such notice; buyers could remove the contingency by demonstrating in writing that they had accepted a mortgage loan commitment which does not require the sale and transfer of title of their property as a condition of the mortgage loan funding; buyer complied with such requirement, even though mortgage loan commitment was subject to additional conditions not prohibited by the contract; judgment for broker.

3d 1016A)- salesperson's motion for summary judgment for commission against her broker granted; broker and salesperson orally agreed that broker would pay half of any commission that broker received to salesperson where salesperson was the procuring cause of sale generating the commission; broker refused to pay salesperson's commission on grounds that commission was not paid to broker on legal grounds but upon long standing ties with other brokerage firm and that salesperson did not do her job competently and professionally; court determined that in the course of performance it is the fact of payment of commission to the broker that triggers payment to the salesperson; judgment for salesperson for $ 11,250.00

Listing Contract An agreement whereby an owner engages a real estate company for a specified period of time to sell a property, for which, upon the sale, the agent receives a commission.

Real - estate brokers typically — but not always — price their services based upon a percentage (known as a commission) of the sales price.

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained

Realtors» incomes based upon performance of their contractual obligations are negotiable between individual real estate sales people and consumers vis a vis Brokerages, with Brokerages openly offering different commission structures to members of the consuming public in a freely competitive environment.

(286 A.D. 2d 572)- broker granted partial summary judgment for payment of commission as a finder; record lacks any evidence that broker performed any services that could give rise to any fiduciary duties owed; party's agreement clear that once broker introduced the principals, broker's services were no longer needed; purchase and sale contract expressly states that seller agreed to pay broker pursuant to a separate agreement, such admission entitles broker to summary judgment as to liability for payment; matter remanded for determination of compensation agreed upon