Apr 22 , 2016

Tampa School of Real Estate

Overage

Definition:   retaining more than the agreed amount of sales commission, without the express knowledge and consent of the parties involved; a form of fraud

Pronunciation:  \ˈō-və-rij, ˈōv-rij\

Used in a Sentence:   When we found the broker had kept an overage in commission from the sale of our house, we filed a complaint.

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