OUR COMPENSATION Sample Clauses
The "OUR COMPENSATION" clause defines how and when the service provider will be paid for their work under the agreement. It typically outlines the fee structure, such as hourly rates, flat fees, or commission arrangements, and may specify payment schedules, invoicing procedures, and any additional reimbursable expenses. This clause ensures both parties have a clear understanding of the financial terms, helping to prevent disputes over payment and setting expectations for compensation throughout the engagement.
OUR COMPENSATION. The lenders whose loan products are distributed by the Mortgage Broker generally provide their loan products to the Mortgage Broker at a wholesale rate.
OUR COMPENSATION. The lenders whose loan products we distribute generally provide their loan products to us at a wholesale rate.
OUR COMPENSATION. The lenders whose loan products we distribute generally provide their loan products to us at wholesale rate. The retail price we offer you – your interest rate, total points, rebates from the lender and fees – will include our compensation. In some cases, we may be paid all of our compensation be either you or the lender. Alternatively, both you and the lender may pay us a portion of our compensation. For example, in some cases, if you would rather pay less up front, you may be able to pay some or all of our compensation indirectly through a higher interest rate in which case we will be paid directly by the lender. We also may be paid by the lender based on (1) the value of the mortgage loan or related servicing rights in the market place or (2) other services, goods or facilities performed or provided by us to the lender.
OUR COMPENSATION. The lenders whose loan products we distribute generally provide their loan products to us at a wholesale rate. The retail price we offer you - your interest rate, total points and fees - will include our compensation. In some cases, we will receive all of our compensation from you, to be paid in cash or from the loan proceeds at the time of settlement. In other cases, we will receive all of our compensation from the lender. You may be able to obtain a lower interest rate by paying higher points and fees. (A "point" is 1% of the loan amount.) Alternatively, you may be able to finance the payment of our compensation or other costs that you would otherwise be required to pay directly by paying a higher interest rate. Having discussed the specific effects these alternatives may have on your interest rate, points, fees and other loan terms, and the various payment options that are available to you, you agree our compensation will be paid as follows:
OUR COMPENSATION. We cannot solicit or collect any fee, other than a "bona fide third party fee" (as defined in Indiana Code § 23-2.5-1-3 and listed in 710 IAC 1-22-6), prior to the loan closing. Our required deposit which represents bona fide third party fees is $ . We are required to return any unspent portion of this deposit should you elect to cancel your loan with us.
OUR COMPENSATION. We cannot solicit or collect any fee, other than a bona fide third party fee (as defined in Ind. Code § 23-2-5- 19(b) and listed in 710 IAC 1-22-6), prior to the loan closing. Our required deposit which represents bona fide third party fees is $ . We are required to return any unspent portion of this deposit should you elect to cancel your loan with us.
OUR COMPENSATION. The lenders whose loan products we distribute generally provide their loan products to us at a wholesale rate. The retail price we offer you - your interest rate, total points and fees - will include our compensation. In some cases, we will receive all of our compensation from you, to be paid in cash or from the loan proceeds at the time of settlement. In other cases, we will receive all of our compensation from the lender. You may be able to finance the payment of our compensation into your loan. In no circumstance will we be paid by both you and the lender for the same transaction. In this transaction our compensation will be [X] based upon the loan amount and payable at close. OR [ ] payable by you and due immediately prior to beginning the application process.
OUR COMPENSATION. The lenders whose loan products we distribute generally provide their loan products to us at a wholesale rate. The retail price we offer you, your interest rate, total points and fees is based on the lender’s available programs in which you have expressed an interest and for which you qualify. We will provide a minimum of three loan options for your review and selection. Our compensation with each lender is based on a fixed percentage of the amount of credit advanced to you and will not vary based on the terms and conditions of your loan. Our compensation is paid in whole by either you or the lender. If our compensation is paid by you, the lender is prohibited from compensating us on the same transaction. If our compensation is paid by the lender, we are prohibited from receiving compensation from you or from any other source on the same transaction; we are also prohibited from reducing or increasing our compensation on such lender paid transactions. We may collect pass-through fees on behalf of third party service providers, including, but not limited to credit reporting agencies, appraisers and title companies. We do not “up charge” such fees and no portion is retained as compensation.
OUR COMPENSATION. In consideration for our services we shall be entitled to an annual advisory fee (the “Advisory Fee”) of 0.5% of the total assets under management in the Account(s). The Advisory Fee is paid quarterly in advance based upon the value of the Account(s) as of the last day of the prior quarter. Our minimum Advisory Fee is $500 per year per Account. For an Account opened intra-quarter, the Advisory Fee will be pro-rated. We will charge an additional one-time set-up fee of $250 for each Account. For existing Account(s), there will be no charges on funds added during the quarter, nor adjustments made for funds withdrawn during the quarter. Our Advisory Fee will be deducted directly from the Account(s). Our compensation does not include any third party fees (including brokerage, custodian or other transactions fees) which will be charged separately to your Account(s).
OUR COMPENSATION. Your interest rate, points and fees offered to you by the Lender may include our compensation.