Broker Commission definition
Examples of Broker Commission in a sentence
Such commission is more fully described in the Broker Commission Agreement between the Company and the Broker of even date herewith.
Broker Commission is the fee charged by the Company for the trades opened with certain types of instruments on certain types of accounts, depending on the volume of the trade.
If the volume of trading operation of the Referral group for the month was more than 500 lots and the total deposit of the Referral group exceeded 25000 (twenty five thousand) USD, the size of affiliate’s commission within the next month is 80% of the Markup or the Broker Commission for a specific trading instrument.
Agent shall be compensated for each Product sold in accordance with the commission or fee schedule set forth in Exhibit A – Broker Commission Schedule.
Subject to the conditions and requirements of this Exhibit A, this Broker Commission Schedule or any subsequently published Broker Commission Schedule, will apply to both original and renewal business as of the date published by Delta Dental, and in conjunction with the timeframe in which the commissions were earned by Agency/Agent.
Should Agency/Agent negotiate to be paid commissions for specific groups that deviate from the Broker Commission Schedule, the commission will be disclosed, and it will be acknowledged by Agency/Agent by virtue of Agency/Agent’s signature on the group’s Delta Dental Employer/Client Information Form and Agreement.
Provided that Agent (1) continues to be designated by a group as the Agency/Agent with respect to such group, e.g. “Agent of Record,” and (2) performs services related to such group in a manner satisfactory to Delta Dental, then for all new business and all business renewing, Delta Dental will pay Agency/Agent commissions at the times and in the amounts set forth on the then published Broker Commission Schedule.
Producer shall receive compensation as set forth in the ACA Individual & Family Plans Broker Commission Schedule provided by Company for services performed under this ACA Product Addendum, if Producer, in Company’s sole discretion, meets all applicable requirements for receipt of such compensation.
Agency shall be entitled to the Buyer Broker Commission offered under the terms of the Exclusive Agency Listing Agreement.
This is referred to in the listing agreement as the Cooperating Broker Commission (CBC).