Override
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Override
An arrangement whereby commissions are made by sales managers based upon the sales made by their subordinate sales representatives. A term found in an agreement between a real estate agent and a property owner whereby the agent keeps the right to receive a commission for the sale of the property for a reasonable time after the agreement expires if the sale is made to a purchaser with whom the agent negotiated prior to the expiration of the agreement.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.