participating broker


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.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
participate but do not initiate participating convertible preferred share