Addendum – Clarification for commission structure
and referral fee
Exhibit Designed to complement the Show Vegas Park & Refer Licensee Contract
Section 1 –
Any licensee who hangs their Nevada Real Estate license under the Show Vegas Park & Refers Brokerage name may participate in New home sales or refer outside of the Show Vegas Park & Refer referral network. Brokerage will pay licensee 80% of the total commission received by the brokerage as a direct result of a said new home sale or outside referral. This section only applies to New Home sales.
Section 2 –
Should the licensee elect to receive a referral fee wherein the referral was administered through the in-house referral network and the brokerage did designate the licensee of record for the transaction, the brokerage will pay 30% of any commission received. There will be 875$ transaction fee, no transaction coordinator fee and no office fee.
Section 3 –
Should the licensee elect to receive a referral fee wherein the referral was administered through an outside agency’s referral network, the licensee will be charged an $875 transaction fee. There will be no further fees applied.
By signing below, the Show Vegas Park & Refer licensee has reviewed and understands the information supplied in this addendum.
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