Sentences with phrase «referred side of the transaction»

When a transaction closes, the commercial broker pays a referral fee to the company equaling 25 percent of the gross commission for the referred side of the transaction.

Not exact matches

Penny McClure was referred to me by an agent on the opposite side of a transaction.

Selling Agent shall pay to ReferralExchange.com within fourteen (14) days after the closing of a Qualified Transaction a referral fee of up to thirty - five percent (35 %) of the gross referred side commission calculated on a minimum of two percent (2 %) gross sale price prior to any allocation of a payment to another party (including but not limited to any split between Agent and Agent's broker and any referral fee payments to other third parties), if the Customer referral was received through a Qualified Customer referral from a Referring Agent («Referring Agent - Sourced Commission»).

ReferralExchange.com shall, within a reasonable period of time following receipt of the applicable Commission, promptly pay to Referring Agent an amount equal to a maximum of twenty - five percent (25 %) of the gross referred side commission calculated on a minimum of two percent (2 %) gross sale price prior to any allocation of a payment to another party (including but not limited to any split between Agent and Agent's broker and any referral fee payments to other third parties), or up to a maximum of seventy - one and four - tenths of one percent (71.4 %) of the amount actually received and recognized by ReferralExchange.com, after each of the following have occurred: (a) the Customer referred by Referring Agent becomes part of ReferralExchange.com's referral network, (b) such Qualified Customer completes a Qualified Transaction, and (c) such Qualified Transaction results in a Commission paid to ReferralExchange.com; provided, however, that ReferralExchange.com shall not be required to make any payment to Referring Agent if Referring Agent is in breach of these Agent Terms at the time of such payment, or if such payment is prohibited by law, including but not limited to instances in which Referring Agent is not an actively licensed real estate sales agent or broker at the time payment is to be made.

If ReferralExchange.com negotiates or receives payment that is less than two percent (2 %) of the gross sale price for a Qualified Transaction, or if ReferralExchange.com negotiates or receives payment that is less than thirty - five percent (35 %) of the gross referred side commission, then ReferralExchange.com will pay Referring Agent an amount equal to seventy one and four - tenths of one percent (71.4 %) of the amount actually received and recognized by ReferralExchange.com.

Selling Agent shall pay to ReferralExchange.com within fourteen (14) days after the closing of a Qualified Transaction a referral fee up to thirty percent (30 %) of the gross referred side commission calculated on a minimum of two percent (2 %) gross sale price prior to any allocation of a payment to another party (including but not limited to any split between you and your broker and any referral fee payments to other third parties), if the Customer referral came from a source other than a Referring Agent («Non-Referring Agent - Sourced Commission»).