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Term of the Day
participating broker
participate but do not initiate
participating convertible preferred share
Definition
A
brokerage
company
or its
sales
agent
who obtains a
buyer
for a
property
that is
listed
with another brokerage company; the participating
broker
normally
splits
the
commission
with the
seller's
broker in an
agreed
upon
amount
- usually 50 percent.
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