broker's premium
2006-09-15 15:54:23 · 4 answers · asked by nati 1 in Business & Finance ➔ Other - Business & Finance
Usually the term Broker Premium applies to real estate mortgage brokers. The broker is paid a "Broker Premium" by the lender -- sometimes this is called a "yield spread premium". Typically this term is not applied to real estate agents and/or their broker's commission.
2006-09-15 15:59:30 · answer #1 · answered by LasVegasMomma 4 · 0⤊ 0⤋
The commission the broker gets...usually about 6%
2006-09-15 22:56:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The money that a mortgage broker gets for charging their customers a higher interest rate. If interest rates are going for 6% and the broker charges 6.5% they get money on the "back end" from the lender. It's an incentive to charge a higher interest rate.
2006-09-15 23:02:58 · answer #3 · answered by GEE-GEE 5 · 0⤊ 0⤋
what the broker charges her agents to use her office... in addition to / or in lieu of normal commission splits.
2006-09-15 22:56:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋