Broker Incentive Program definition

Broker Incentive Program means an IFUS program that allows certain individuals and entities that function as intermediaries in the execution of transactions for customers and satisfy eligibility criteria determined by IFUS , the opportunity to receive periodic incentives based upon requirements established by IFUS as determined from time to time (each, a “Broker Incentive Program”).
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Examples of Broker Incentive Program in a sentence

  • If the Cooperating Broker Incentive Program is in effect for the Auction, a properly licensed broker (“Cooperating Broker”) who timely registers and qualifies with Auctioneer in accordance with the terms of this program will be paid a commission by Seller at Closing, in accordance with the terms of this program, provided that both Cooperating Broker and the Buyer that Cooperating Broker represents fulfill all requirements under the Terms of Auction, this Sale Contract, and this incentive program.

  • To qualify for a Buyer's Broker Commission, the real estate broker must be a licensed real estate broker who is not prohibited by law from being paid such commission and has completed the required Buyer's Broker Incentive Program form provided by the auction company.

  • The Buyer's Broker Incentive Program form MUST be turned in to Auctioneer by May 24, 2019 at 1pm .

  • If the Cooperating Broker Incentive Program is in effect for the Auction, a properly licensed broker (“Cooperating Broker”) who timely registers and qualifies with Auctioneer in accordance with the terms of this program will be paid a commission by Seller at Closing, in accordance with the terms of this program, provided that both Cooperating Broker and the Purchaser that Cooperating Broker represents fulfill all requirements under the Terms of Auction, this Sale Contract, and this incentive program.

  • Where the Participant is a participant in a Broker Incentive Program (as defined below) that is offered by IFUS, the following additional terms shall be incorporated into, and form part of, this Agreement and, in the event of conflict with any other terms of the Agreement, shall prevail over such terms.