What does 'Pooled Commission' mean when buying a property?
Find out what Pooled Commission means when you are buying a property. 'What does Pooled Commission mean?' plus over 150 other property related terms and jargon in plain English
Estate Agents generally charge a fee for selling a property. The vendor pays the fee and it is commonly a percentage of the sale price.
Some estate agents work on a system where all the negotiators get paid an equal share of this fee regardless of which negotiator actually made the deal happen.
If you are selling such agents should be avoided as the negotiators have no incentive to compete with each other and so the price you achieve for the sale of your property is likely to be lower.
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