FEES

COMPENSATION:

A. TO BROKER: Compensation shall be charged to parties who enter into listing or other agreements for services requiring a real estate license as follows:

SALES: $595 per transaction per million dollars plus cloud transaction storage (5 years required by DRE) $95 per million dollars. Buyer and Seller are considered separate transactions. 

REFERRALS: $595 plus cloud transaction storage (5 years required by DRE) $95, per million dollars transaction. 

LEASES: $595 per transaction plus cloud transaction storage (5 years required by DRE) $95, per $20,000 commission. Landlord and Tennant are considered separate transactions. 

BUSINESS OPPORTUNITIES: $595 per transaction per million dollars plus cloud transaction storage (5 years required by DRE) $95 per million dollars. Buyer and Seller are considered separate transactions. 

PERSONAL TRANSACTIONS: Personal agent (including spouse related) transactions are $995 per million dollars plus cloud transaction storage (5 years required by DRE) $95 per million dollars. Buyer and Seller are considered separate transactions. 
B. E&O: Errors and omission insurance is $95 per million dollars on all transactions.

C. PARTNERS, TEAMS, AND AGREEMENTS WITH OTHER ASSOCIATE-LICENSEES IN OFFICE: 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.

D. EXPENSES AND OFFSETS: If Broker elects to advance funds to pay expenses or liabilities of Associate-Licensee, or for an advance payment of, or draw upon, future compensation, Broker may deduct the full amount advanced from compensation payable to Associate-Licensee on any transaction without notice. Broker may collect offset fee for processing of transactions requiring additional work for brokerage. If Associate-Licensee’s compensation is subject to a lien, garnishment or other restriction on payment, Broker shall charge Associate-Licensee a fee for complying with such restriction.

E. PAYMENT: (i) All compensation collected by Broker and due to Associate-Licensee shall be paid to Associate-Licensee, after deduction of expenses and offsets, immediately or as soon thereafter as practicable, except as otherwise provided in this Agreement, or a separate written agreement between Broker and Associate-Licensee. (ii) Compensation shall not be paid to Associate-Licensee until both the transaction and file are complete. (iii) Broker is under no obligation to pursue collection of compensation from any person or entity responsible for payment. Associate-Licensee does not have the independent right to pursue collection of compensation for activities which require a real estate license which were done in the name of Broker. (iv) Expenses which are incurred in the attempt to collect compensation shall be paid by Broker and Associate-Licensee in the same proportion as set forth for the division of compensation (paragraph 8(B)). (v) If there is a known or pending claim against Broker or Associate- Licensee on transactions for which Associate-Licensee has not yet been paid, Broker may withhold from compensation due Associate-Licensee on that transaction amounts for which Associate-Licensee could be responsible under paragraph 14, until such claim is resolved. (vi) Associate-Licensee shall not be entitled to any advance payment from Broker upon future compensation. Any deviation by the agent which is not approved in writing in advance by Broker, shall be deducted from Associate-Licensee’s compensation. (vii) There is a $45 bank fee for outgoing domestic wires to Associate-Licensees. 

F. UPON OR AFTER TERMINATION: If this Agreement is terminated while Associate-Licensee has listings or pending transactions that require further work normally rendered by Associate-Licensee, Broker shall make arrangements with another associate-licensee to perform the required work, or Broker shall perform the work him/herself. The licensee performing the work shall be reasonably compensated for completing work on those listings or transactions, and such reasonable compensation shall be deducted from Associate-Licensee’s share of compensation. Except for such offset, Associate-Licensee shall receive the compensation due as specified above.

G. RECRUITING FEE: A $100 fee is paid to CURB agents when recruiting a new agent in joining CURB. Recruiting fee is paid upon close of the recruited agent's first transaction.