Commission Schedule 11-25-13

[Pages:2]Commission Schedule 11-25-13

Associate's commission split will adjust up to the Level shown below on the next closing after they reach the required earnings amount.

Level

1 2 3 4

Net Commission Income Paid to Associate

From

To

$0

$70,000

$70,001

$80,000

$80,001

$90,000

$90,001

And up

Associate Split

75% 80% 85% 90%

A. Above Levels are based on the Associate having no permanent desk space. Private offices and desk space will be at the rate set by the Company based on availability.

B. Associates will begin on the Level agreed to with the Sales Manager at hiring.

C. All associates that reach Levels 2, 3 & 4 will start their next service year at level 1. The Associate starts each anniversary year at $0 earned.

D. Errors and Omissions (E&O) insurance is paid by Associates monthly. Their pro rata portion of the deductable is made based on their commission split on that particular transaction. Coverage is effective upon signing this Commission Schedule and the first monthly premium is payable upon signing this schedule.

E. This schedule applies to all commissions, bonuses, fees and revenues generated by Associate. A 7% royalty fee will be deducted from each commission, bonus and fee prior to split with Associate.

F. If an Associate leaves the Company, this Schedule will remain in effect with adjustments made as provided herein until all pending transactions are closed and funded. However, a 30% administrative fee will be deducted on all closings after an Associate has left the Company.

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G. Commission Bonus Program: A published selling bonus will be paid 100% to Associate after deducting the royalty fee, providing (1) the client signs a disclosure acknowledging that the bonus is being paid to Associate and (2) the gross commission totals not less than 3% if Associate is involved in only one side of the transaction and not less than 7% if Associate is involved in both sides of the transaction. Income from bonus payments not split with the Company will not be considered in calculating the Associate's earnings needed to advanced Levels.

H. Company assigned referrals will be split after referral fees are deducted, at 60/40 for referred sales & leases and 50/50 for referred listings. Company generated transactions will be at 65/35 split with no referral fee.

I.

The Commission Schedule is subject to change without notice by management of Berkshire

Hathaway HomeServices Texas Realty.

J.

Any questions that may arise regarding the interpretation of this Commission Schedule will be

determined by the management of Berkshire Hathaway HomeServices Texas Realty.

K. The beginning Level for this agreement shall be:__________________________________

L.

Agent agrees to pay a monthly technology fee of $29.95 and $64.50 fee for E&O coverage

(charged to agents' credit or debit card).

Agreed to this _______day of ___________________________, ____________

By: ______________________________ Berkshire Hathaway HomeServices Texas Realty

By: ______________________________ Associate Signature

_________________________________ Associate Printed Name

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