Compensation

Business / Real Estate / Compensation: The source of compensation does not determine agency. An agent does not necessarily represent the person who pays his or her commission. In fact, agency can exist even if no fee is involved (called a gratuitous agency). Buyers and sellers can agree, whichever way they choose, to compensate the broker, regardless of which is the agents principal. For instance, a seller could agree to pay a commission to the buyers agent. The written agency agreement should state how the agent is being compensated and explain all the alternatives available.

Workers Compensation

Health / Health Insurance / Workers Compensation: A state-mandated insurance program that provides benefits for healthcare costs and lost wages to qualified employees and their dependents if an employee suffers a work-related injury or disease. MORE

Direct Compensation

Business / Human Resources (HR) / Direct Compensation: All compensation (base salary and/or incentive pay) that is paid directly to an employee. MORE

Global Compensation

Business / Human Resources (HR) / Global Compensation: Pay practices relating to employees who are working on assignments in international locations. A service premium and additional incentives are often included in the compensation package to offset diff MORE

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