← Glossary
Agents and brokerages
Transaction fee
A flat fee per closed deal, charged to the agent or the client depending on the brokerage. It's separate from the split.
Also called: admin fee, broker fee, compliance fee, processing fee
Related terms
Post-cap fee
A flat fee per deal that some brokerages charge after you cap. It's usually a few hundred dollars or less.
Desk fee
A monthly fee an agent pays the brokerage for a desk, tools or support. Some brokerages pair high desk fees with a 100% split.
Commission split
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.
E&O insurance
Insurance that covers agents if a client sues over a mistake. Most brokerages require it and charge it per deal or per year. Some states require it.