Definitions for "Agency Fee"
A fee collected from nonunion employees as a condition of their employment. The fee, usually the same amount of money as union dues, is used for collective bargaining purposes. Each year, agency-fee employees can ask for a refund of the portion that is used for other purposes (such as union political expenditures). Also known as a “Representation” or “Fair Share” fee.
The fee that non-union individuals pay for collective bargaining-related services the union is required to provide to them under New York State statute. It is equivalent to membership dues; however, there is a refund of the part of the fee that the union uses for political and ideological purposes only incidentally related to the terms and conditions of employment.
Fees that are charged to the vendor/landlord upon successful closing of transactions and signing of Sale and Purchase Agreement / Tenancy Agreement.