Definition: It is common for real estate agents to pay their employing brokers a desk fee when the broker agrees to give the real estate agent 100% of the commission earned by the brokerage on behalf of the agent's efforts. Desk fees vary but are generally a flat fee, an agreed upon rate for operating either in the broker's office or under the broker's license or both.
Real estate brokers are responsible for the actions of their respective real estate agents. Desk fees do not alleviate a real estate broker of responsibility.
At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
Also Known As: rental fee
Examples:
Some desk fees paid by agents to their brokers are capped at a maximum amount so once the agent has paid in X amount over the year, the broker is not entitled to any more money for the remainder of the year.
