gross per broker

Gross per broker

The dollar amount of commissions generated by a broker or registered representative over a specific period.
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Gross Per Broker

The commissions a broker earns over a given period. Every time a broker executes a trade on behalf of a client, that broker earns a commission, which may be a flat fee, but is usually a percentage of the value of the transaction. Many brokerages calculate their revenue in terms of gross per broker, and most expect their brokers to earn a certain gross as quota. Typically, individual brokers receive approximately one third of their gross as salary.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

gross per broker

The number of commissions produced by a broker during a given period. The productivity of a registered representative and a brokerage office is often measured by the gross commissions per broker. Registered representatives are generally allowed to keep about one third of their gross commissions.
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.