Related Words

Override Commission: Extra commission paid by suppliers for quantity or volume sales.

No Loan, No Commission: A listing agreement requiring that escrow be closed and title transferred before an agent is entitled to a commission.

One-Hundred-Percent Commission Plan: Some firms have adopted a 100 percent commission plan. Salespersons in these offices pay a monthly service charge to their brokers to cover the costs of office space, telephones and supervis . . . View Full Definition

Negotiated Commission: An unfixed broker's commission that is determined through negotiation, depending on the specifics of the trades performed.

National Drought Policy Commission: P.L. 105-199 (July 16, 1998), the National Drought Policy Act, authorized creation of the Commission to conduct a study of current federal, state, local and tribal drought preparedness, and . . . View Full Definition

Joint Commission On Accreditation Of Healthcare Organizations (JCAHO): The JCAHO is an independent, not-for-profit organization whose mission is to improve the quality of care provided to the public through the provision of health care accreditation and related . . . View Full Definition

National Commission On Small Farms: A 30-member panel appointed by the Secretary of Agriculture in 1997 to examine the status and needs of small farms in the United States. The Commission presented its findings, which included . . . View Full Definition

Override: Extra commission that travel agents sometimes get, usually for selling a certain amount of a supplier's product.

International Trade Commission (ITC): An independent, quasi-judicial federal agency that provides objective trade expertise to both the legislative and executive branches of government and determines the impact of imports on U.S . . . View Full Definition

Securities And Exchange Commission (SEC): The Securities and Exchange Commission (SEC) is an independent federal agency that oversees and regulates the securities industry in the United States and enforces securities laws. The SEC r . . . View Full Definition