split commission

(redirected from Split Commissions)

Split commission

A commission shared between a broker and a financial adviser or other professional who brought the customer to the broker.

Split Commission

A commission that two or more people share. For example, a broker may split a commission with a friend who introduced a client to the broker as a finder's fee. Alternatively, real estate agents may split the commission on a house if one represents the buyer and the other represents the seller.

split commission

A sales fee divided among two or more people.
References in periodicals archive ?
Project and Commission Manager -- custom application tracks projects and commissions for management reporting -- Compliance -- custom application tracks financial representatives' license information and all compliance-related issues -- Split Codes -- custom application automatically calculates, tracks and manages split commissions -- Client Accounts -- custom application captures client and account making all necessary business and customer data available in a single source
Users have the ability to split commissions, create tiers based on loan volumes and easily define simple and complex calculations, giving the user unprecedented capability to address the task at hand.
Even worse than offering to cross-refer clients is offering to split commissions.
Not having to split commissions directly translates to a higher rate of return.
The Escend solution includes modules for lead management and distribution, opportunity and design-win tracking, order management and commission management including complex split commissions.
TRAVERSE Sales Order provides features ranging from finance charge tracking to two-way split commissions.
BATNET1 and the affinity groups split commissions on sales generated, while merchants benefit from the opportunity to reach potential new customers.