Cap
The most an agent pays their brokerage in splits in a year. After you cap, you keep 100% of your commission, minus any per-deal fees.
Also called: capping, annual cap, company dollar cap, capped
Related terms
How a commission is divided between the agent and the brokerage. With an 80/20 split, the agent keeps 80% and the brokerage gets 20%, often until a cap.
A flat fee per deal that some brokerages charge after you cap. It's usually a few hundred dollars or less.
An agent's total commission before the brokerage split and fees. Brokerages use it to measure production and to figure caps.
Money some brokerages pay you from the company's cut of deals closed by agents you sponsored. It doesn't come out of those agents' commissions.
Company stock some public brokerages give agents for milestones like a first deal or capping. Some also let agents buy stock with part of each commission at a discount.