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Realty Network Referrals:
· Realty Network Referrals will meticulously verify all leads before forwarding them to real estate agents, including comprehensive prospect details and a recorded conversation with the lead.
· Realty Network Referrals commits to delivering leads within the agent’s service area promptly after verification.
· Realty Network Referrals will employ their production techniques with utmost care and dedication to generate leads. However, specific lead quantities cannot be guaranteed due to market fluctuations.
· A one-time setup fee is required for The Realty Network Referral’s services, encompassing all relevant taxes, and is eligible for a refund only upon successful closings by agents.
· Should an agent already have contact with a lead referred by The Realty Network Referrals, no commission will be charged for that lead (though it may be referred to another agent).
· Realty Network Referrals will levy a 20% referral fee immediately after the agent receives their commission.
· A 20% referral fee will be applied by Realty Network Referrals to the gross commission on either the seller or buyer side, depending on the referral.
· If a lead is engaged in both selling and buying properties simultaneously, Realty Network Referrals will impose a 20% commission on both transactions.
· Realty Network Referrals will necessitate the signing of an agreement before providing referrals, with the coverage period commencing upon receipt of the signed referral agreement.
· Realty Network Referrals will distribute leads to agents across various price points, considering the costs involved in generating these leads and the desire to avoid wastage.
· Realty Network Referrals will not entertain refunds after 1 month of sign-up if the agent has not responded, signed, or provided a reason to Realty Network Referrals within that timeframe.
Realtor’s:
· Realtors are required to pay a one-time setup fee to join Realty Network Referrals, which will be allocated towards lead generation in their designated service area.
· Realtors are obligated to work on all leads referred to them by Realty Network Referrals.
· Realtor information will be safeguarded as confidential and secure by Realty Network Referrals.
· Realtors retain the option to terminate their engagement with Realty Network Referrals at any time, but they must honor their commitment to work on leads referred by Realty Network Referrals.
· In the event of a Realtor changing brokerages, prior notification to Realty Network Referrals is imperative.
· Realtors are responsible for remitting a 20% commission to Realty Network Referrals, calculated based on the gross commission, not the net.
· Realtors are prohibited from engaging in any illicit transactions with leads.
· Realtors acknowledge that Realty Network Referrals has the authority to terminate services with or without notice upon discovery of fraudulent activities.
· Realtors are aware that Realty Network Referrals can modify existing policies and terms and conditions. In such instances, Realtors are expected to adhere to updated terms without explicit approval for each change. It is crucial for Realtors to stay informed about potential policy updates and comply with them as they arise.
Note: Realtors working in North Carolina, Utah, and Colorado will be charged with 15% referral fee at closings.