split commission

Split commission

A commission shared between a broker and a financial adviser or other professional who brought the customer to the broker.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

split commission

A sales fee divided among two or more people.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
(15) A split Commission substantially upheld the ALJ's decision in 2012.
If a dancer breaks contract while employed on a long-term job (such as a concert tour), he or she may still owe commission to the former agent, and in some cases, end up paying double or split commission. In select instances, an agency may opt not to release a dancer from the contract, leaving him or her in limbo.
* Prudential Financial life insurance agents sold investments without the required Series 7 license and illegally split commission with Prudential Securities brokers.
There's no alternative given Betfair's refusal to pay the split commission agreed between themselves and ourselves.''
In the end, Commission President Romano Prodi won unanimity from a split Commission by brokering an agreement to delay that key change by a further 12 months.
"We'll work with you, we'll be the theatrical expert and you be the film and TV experts and we'll have a split commission arrangement."
The second item of importance is the split commission and how it is arrived at."
However, in response to concerns from the industry, including the fact that most agents have to split commissions with companies and often again with other agents, the language of the bill was changed.
Facts: Bernard Turnoy was an insurance broker who entered into an agreement with lawyer and fellow insurance salesman David Shiner to equally split commissions on insurance policies covering Shiner's mother-in-law.
"I'm not always a fan of the referral type marketing, where guys are trying to split commissions with each other," said Alberta.