ASSOCIATE-LICENSEE COMPENSATION Sample Clauses

ASSOCIATE-LICENSEE COMPENSATION. Please see Schedule A, Duties, Terms and Compensation. Associate-Licensee shall receive compensation actually collected by Broker, on listings or other agreements for services requiring a real estate license, which are solicited and obtained by Associate-Licensee, and on transactions of which Associate-Licensee’s actions are the procuring cause. This amount shall be payable immediately after all necessary documentation is received concerning these services, except as may otherwise be agreed by Broker and Associate-Licensee before completion of any particular transaction. Associate-Licensee may receive his/her commission directly from escrow, if the completed transaction file is confirmed by the designated Premier Realty Associates in house transaction coordinator before the close of escrow. Associate-Licensee shall not be entitled to any advance payment from Broker upon future compensation. If Associate-Licensee and one or more other Associate-Licensees affiliated with Broker participate on the same side (either listing or selling) of a transaction, the commission allocated to their combined activities shall be divided by Broker and paid to them according to their written agreement. Broker shall have the right to withhold total compensation if there is a dispute between associate-licensees, or if there is no written agreement, or if no written agreement has been provided to Broker. Broker may deduct its actual and pending reasonable expenses from agent commission(s) if the expenses arise from Associate-Licensee activity, such as: legal expenses, actual paid membership dues, levies, repayment of commission advances to Broker and 3rd parties, and/or judgments. Broker may apply commissions to cover attorney’s retainer, insurance deductibles, court filing fees, and other incurred or reasonably expected costs of litigation or litigation preparation. This paragraph shall apply regardless of whether Associate-Licensee is at fault, found to be at fault, and/or whether the matter has been adjudicated. Expenses as mentioned in this paragraph need not be related to the specific commissions withheld. Broker may hold all or part of Associate-Licensee’s compensation until all lawsuits related to Associate-Licensee’s activities are resolved. In the instance commissions owed will not be sufficient to cover Broker’s reasonable expenses then Associate-Licensee shall repay the balance.
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ASSOCIATE-LICENSEE COMPENSATION. Associate-Licensee shall receive a 100% (one-hundred percent) of compensation actually collected by Xxxxxx after Flat Rate Realty. has deducted it’s Broker fee and/or other fee according to the terms laid out in the compensation agreement, on listings or other agreements for services requiring a real estate license, which are solicited and obtained by Associate-Licensee, and on transactions of which Associate-Licensee’s activities are the procuring cause. This amount shall be payable immediately after all necessary documentation is received concerning these services, except as may otherwise be agreed by Xxxxxx and Associate- Licensee before completion of any particular transaction. Associate-Licensee may receive his/her commission directly from escrow, if the completed transaction file was presented to Broker a minimum of 2 days before the close of escrow. Associate-Licensee shall not be entitled to any advance payment from Broker upon future compensation.
Sample 1
ASSOCIATE-LICENSEE COMPENSATION. Associate-Licensee shall receive 100% of compensation actually collected by Broker, minus Broker compensation, on listings or other agreements for services requiring a real estate license, which are solicited and obtained by Associate-Licensee, and where Associate-Licensee’s activities are the procuring cause. This amount shall be payable immediately after all necessary documentation is received concerning these services, except as may otherwise be agreed by Broker and Associate- Licensee before the completion of a particular transaction. All fees and commissions must be payable to the Company. You will be paid out of the fees and commissions earned by you, based on the terms mentioned in the Independent Contractor Agreement. Expenses of any kind incurred by Associate-Licensee with the Company, or incurred by the Company on Associate-Licensee’s behalf, including but not limited to unpaid draws and advances, expenses for advertising, signs, supplies, and/or any such expenses that Associate-Licensee has agreed to pay the Company, but have not been paid in accordance with the Company policy, shall be deducted from the next commission payments due to Associate- Licensee. Refer to “Exhibit B” On the transactions that Associate-Licensee has not originated by himself or herself independently and Broker has introduced the deal or has spent any time in closing the transaction, Broker will pay 50% of gross commissions received by Broker for each completed transaction, minus $250.00 transaction fee per escrow. Associate-Licensee hereby agrees to conduct all his business in real estate sales and loans exclusively with Broker.
Sample 1

Related to ASSOCIATE-LICENSEE COMPENSATION

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