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Definitions

shared broker commission

A service fee shared between the owner's agent and the property seeker's agent for a successful sale or lease transaction.

A shared broker commission is a service fee which is shared (normally split evenly) between the agents for both the owner and the purchaser or leaser of a property upon the successful completion of a sale or lease transaction. The commission is normally drawn from both the owner and the property seeker, but may be drawn only from one of the parties.

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