Commission Rebate Clause Samples
A Commission Rebate clause defines the terms under which a portion of a commission paid, typically in a sales or brokerage context, is returned to a party, such as a buyer or client. This clause specifies the conditions that must be met for the rebate to be granted, such as successful completion of a transaction or achievement of certain sales targets, and outlines the method and timing of the rebate payment. Its core practical function is to incentivize desired behaviors or outcomes, such as closing a deal, while providing transparency and predictability regarding financial arrangements between the parties.
Commission Rebate. If the commission paid to Glass House Real Estate exceeds 1.5% of the sales price, the excess amount will be credited to the Client towards closing costs at settlement. If the credit cannot be applied at closing, the Client will receive the surplus via check or wire transfer within 10 business days.
Commission Rebate. Provided the Board qualified for and receives the Employment Insurance Commission rebate (preferred rate) the Board agrees to share twelve twelfths of the El rebate with the Local by March