ASSOCIATE-LICENSEE COMPENSATION Sample Clauses

ASSOCIATE-LICENSEE COMPENSATION. Please see Schedule A, Duties, Terms and Compensation. Associate-Licensee shall receive compensation actually collected by Broker, on listings or other agreements for services requiring a real estate license, which are solicited and obtained by Associate-Licensee, and on transactions of which Associate-Licensee’s actions are the procuring cause. This amount shall be payable immediately after all necessary documentation is received concerning these services, except as may otherwise be agreed by Broker and Associate-Licensee before completion of any particular transaction. Associate-Licensee may receive his/her commission directly from escrow, if the completed transaction file is confirmed by the designated Premier Realty Associates in house transaction coordinator before the close of escrow. Associate-Licensee shall not be entitled to any advance payment from Broker upon future compensation. 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. Broker may deduct its actual and pending reasonable expenses from agent commission(s) if the expenses arise from Associate-Licensee activity, such as: legal expenses, actual paid membership dues, levies, repayment of commission advances to Broker and 3rd parties, and/or judgments. Broker may apply commissions to cover attorney’s retainer, insurance deductibles, court filing fees, and other incurred or reasonably expected costs of litigation or litigation preparation. This paragraph shall apply regardless of whether Associate-Licensee is at fault, found to be at fault, and/or whether the matter has been adjudicated. Expenses as mentioned in this paragraph need not be related to the specific commissions withheld. Broker may hold all or part of Associate-Licensee’s compensation until all lawsuits related to Associate-Licensee’s activities are resolved. In the instance commissions owed will not be sufficient to cover Broker’s reasonable expenses then Associate-Licensee shall repay the balance.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
ASSOCIATE-LICENSEE COMPENSATION. Associate-Licensee shall receive 100% of compensation actually collected by Broker, minus Broker compensation, on listings or other agreements for services requiring a real estate license, which are solicited and obtained by Associate-Licensee, and where Associate-Licensee’s activities are the procuring cause. This amount shall be payable immediately after all necessary documentation is received concerning these services, except as may otherwise be agreed by Broker and Associate- Licensee before the completion of a particular transaction. All fees and commissions must be payable to the Company. You will be paid out of the fees and commissions earned by you, based on the terms mentioned in the Independent Contractor Agreement. Expenses of any kind incurred by Associate-Licensee with the Company, or incurred by the Company on Associate-Licensee’s behalf, including but not limited to unpaid draws and advances, expenses for advertising, signs, supplies, and/or any such expenses that Associate-Licensee has agreed to pay the Company, but have not been paid in accordance with the Company policy, shall be deducted from the next commission payments due to Associate- Licensee. Refer to “Exhibit B” On the transactions that Associate-Licensee has not originated by himself or herself independently and Broker has introduced the deal or has spent any time in closing the transaction, Broker will pay 50% of gross commissions received by Broker for each completed transaction, minus $250.00 transaction fee per escrow. Associate-Licensee hereby agrees to conduct all his business in real estate sales and loans exclusively with Broker.
Sample 1
ASSOCIATE-LICENSEE COMPENSATION. Associate-Licensee shall receive a 100% (one-hundred percent) of compensation actually collected by Xxxxxx after Flat Rate Realty. has deducted it’s Broker fee and/or other fee according to the terms laid out in the compensation agreement, on listings or other agreements for services requiring a real estate license, which are solicited and obtained by Associate-Licensee, and on transactions of which Associate-Licensee’s activities are the procuring cause. This amount shall be payable immediately after all necessary documentation is received concerning these services, except as may otherwise be agreed by Xxxxxx and Associate- Licensee before completion of any particular transaction. Associate-Licensee may receive his/her commission directly from escrow, if the completed transaction file was presented to Broker a minimum of 2 days before the close of escrow. Associate-Licensee shall not be entitled to any advance payment from Broker upon future compensation.
Sample 1

Related to ASSOCIATE-LICENSEE COMPENSATION

  • Additional Services Compensation Additional Services Compensation shall be the fees determined in accordance with Article 7 to be paid by the Owner to the Professional Consultant in connection with the performance of Additional Services.

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.

  • Extra Compensation 1. CTSO Advisors will be paid twenty-five ($25) per hour (capped at eight (8) hours per day) for non-discretionary CTSO activities (e.g., conferences, conventions, and competitions) involving students on days not scheduled as part of the regular school year calendar.

  • Services and Compensation Consultant agrees to perform for the Company the services described in Exhibit A (the “Services”), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Callout Compensation A regular employee who is called back to work outside their regular working hours shall be compensated for a minimum of three hours at overtime rates. They shall be compensated from the time they leave their home to report for duty until the time they arrive back upon proceeding directly to and from work.

  • Show-Up Compensation An employee who is scheduled for work and reports for work, except for situations addressed in Article 123--Inclement or Hazardous Conditions, and is released from work shall be paid the equivalent of two

  • Overtime Compensation (a) Overtime worked shall be compensated at the following rates:

  • Reporting Total Compensation of Recipient Executives 1. Applicability and what to report. You must report total compensation for each of your five most highly compensated executives for the preceding completed fiscal year, if—

  • Compensation for Mandatory Assistance City will compensate Contractor for fees incurred for providing Mandatory Assistance. If, however, the fees incurred for the Mandatory Assistance are determined, through resolution of the third party dispute or litigation, or both, to be attributable in whole, or in part, to the acts or omissions of Contractor, its agents, officers, and employees, Contractor shall reimburse City for all fees paid to Contractor, its agents, officers, and employees for Mandatory Assistance.

  • EMPLOYMENT TERM AND COMPENSATION A. The Board hereby employs the Employee for a salary of $6,547 per bi-weekly pay period ($170,210 Annualized), payable in installments less any legally authorized deductions as the DBM D71, Director, Application Development.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!