Cloud brokerage
A brokerage without traditional offices. Agents work remotely and use online tools, which often means lower fees and a higher split.
Also called: virtual brokerage, online brokerage, cloud-based brokerage
Related terms
The company agents work under. Commission checks go to the brokerage first, which pays the agent their share after its split and fees.
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.
A monthly fee an agent pays the brokerage for a desk, tools or support. Some brokerages pair high desk fees with a 100% split.