Common use of ASSOCIATE-LICENSEE COMPENSATION Clause in Contracts

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.

ASSOCIATE-LICENSEE COMPENSATION. Please see Schedule A, Duties, Terms and Compensation. Associate-Licensee shall receive compensation actually collected by BrokerXxxxxx, 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 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 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 Xxxxxx 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.

ASSOCIATE-LICENSEE COMPENSATION. Please see Schedule A, Duties, Terms and Compensation. Associate-Licensee shall receive compensation actually collected by BrokerXxxxxx, 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 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 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.. $125 to $225