Agency Fee
/ˈeɪdʒənsi fiː/
Definitions
- (n.) A fee charged by an agent to a principal for services rendered in the course of representing the principal.
The agency fee was deducted from the commission paid to the real estate agent.
Forms
- agency fee
- agency fees
Related terms
See also
Commentary
Agency fees often vary depending on the scope of representation and must be clearly defined in the agency agreement to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.