In addition, medical devices include in vitro diagnostic products, such as general purpose lab equipment, reagents, and test kits, which may include monoclonal antibody technology. Certain electronic radiation emitting products with medical application and claims meet the definition of medical device.
Sales commission is a variable cost because the amount of the account is subject to variation. Think about it: A used car salesman is paid a commission say of $500 for every car he sells for the month of October. If he sells only 2 cars, then the sales commission is $1000, If he sells a whopping 12 cars, then the sales commission is $6000!!
A Variable Rate Commission clause included in your listing contract will reduce your total commission obligation in the event that a cooperating broker commission is not paid out. For instance, if your commission rate is 6%, it would be reasonable to reduce that commission to 4%, if the buyer is unrepresented. Personally, I would request a variable rate of 3% rate, although most agents wonât agree to go this low.