To allow for brokerage commissions, an adjustment of 1 percent for every trade is also made.
But round-trip brokerage commissions of at least $70 would cut that benefit to $155.
In earlier days they had made up the difference through brokerage commissions, getting the inside jump on news of apartments being offered for sale.
Certainly, high brokerage commissions do not mean that a manager can't turn in a great performance.
The brokerage commission, normally 10 percent, comes out of the price agreed to for the rental.
That reduced the day's brokerage commissions, but many traders said they expected the business had not been lost, merely postponed.
He got high brokerage commissions, and therefore a few of which led to local and international scandals.
But management fees are separate from a variety of other expenses like brokerage commissions and administrative charges.
A 1% brokerage commission is charged by stockbroking companies.
For one thing, high turnover of holdings means more brokerage commissions are being paid, driving up a fund's costs.