Definition: In brokerage study terminology, compensation retained above the amount agreed or disclosed without the required knowledge and consent. It is associated with a secret profit rather than an authorized fee.
Example
A broker secretly keeps additional sale proceeds beyond the agreed commission.
Keep the distinction clear
An expressly authorized compensation arrangement differs from concealed compensation. Disclose and account for funds according to the agreement and applicable duties.
Related terms
Commission · Compensation · Failure to Account for and Deliver
Keep studying
Commission Math: Tiered Rates and Broker–Associate Splits
References: Florida Statutes 475.25: discipline and escrow disputes
Pronunciation (US): OH-ver-ij (capitals show stress)
Pronunciation reference: Merriam-Webster
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