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.