brokerage agreement

noun

  • Business (Corporate) Law/Company Law
  • Real Estate Law
  • Contract Law
  • Sale of Goods and Services

Definitions of brokerage agreement

  • a contract by which a broker is employed as an agent to make contracts on behalf of another person, for which the broker usually receives a commission (=a payment that is directly related to the value of the contract)

    To market the property, the owner entered into a brokerage agreement with a Florida real estate brokerage company.

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Phrase Bank for brokerage agreement