An annuity in arrears, also referred to as an ordinary annuity, is a financial product where payments are made at the end of each period. This type of payment structure impacts the present value and future value calculations of the annuity.
A Commission Split refers to the arrangement of sharing commissions earned between a sales agent and sponsoring broker, or between the selling broker and listing broker. This arrangement ensures that all parties involved in the transaction are compensated according to their contribution.
