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Commission cut up: The percentage split of commission compen-sation between the real estate sales brokerage and the actual property gross sales agent or broker. Mortgage commitment: A written doc telling the borrowers that the mortgage company has agreed to lend them a selected amount of money at a particular interest rate for a specific time frame.
This individual manages the every day operations of a real estate sales workplace. Buyer agency: A real estate dealer retained by the buyer who has a fiduciary obligation to the customer. Agents confer with their stock of agreements with sellers as listings.
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