ASSOCIATE-LICENSEE COMPENSATION Sample Clauses

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.

ASSOCIATE-LICENSEE COMPENSATION. Associate-Licensee shall receive a 100% (one-hundred percent) of compensation actually collected by ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ 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.