September 22, 2017

Agent Referral Terms

Agent Referral Program

Qualified Agents/Brokers

The Calgary Business Centre (CBC) will compensate licensed Real Estate Agents/Brokers in return for successful initial introductions and/or referrals (Referrals) of their clients not previously referred to CBC, which lead to an executed Service Agreement.

The Real Estate Broker/Agent Referral Program is reserved for commercial Real Estate Brokers/Agents, residential Real Estate Broker/Agents that are duly licensed and in good standing.

Initial Agreement

Office, Co-Working: Compensation will be calculated at 10% of the workspace portion of the monthly service agreement fee up to the first 12 months of the agreement term.

Virtual Office: Compensation will be calculated at 10% of the monthly service agreement fee up to the first 12 months of the agreement term.

Active involvement is required in order to qualify for a commission.*

Office, Co-Working, Campus Expansions

Office, Co-Working are defined as a customer who takes on additional workspace at an existing location that occurs within the initial agreement period.

Compensation will be calculated at 10% of the workspace portion of the monthly service agreement fee up to the first 12 months of the agreement term.

The Real Estate Broker/Agent must have active involvement in the client’s decision to expand to qualify for a commission.*

Payment

Payment will be made weekly once an invoice is received.

A completed sale is defined as a signed service agreement and payment of the initial fee.

Invoices must be received within 90 days of the completed sale.

All commissions will be made payable to the brokerage company and not to an individual Broker/Agent.

Maximum payment amount shall be no more than $5,000 CAD or local equivalent on any single transaction.

If a client defaults during the term of their agreement whereby a payment for commission has already been made, CBC will invoice the Agent/Broker for the pro-rated commission paid for the term the client is in default or deduct that amount from a future payment.

Month to month agreements will be paid each month the customer remains a client up to 12 months.

Payment Method

All payments will be made by Cheque.

Registration

Real Estate Brokers/Agents must refer prospects through a CBC team member, the CBC website or any other CBC approved mechanism.

In the event two or more Real Estate Brokers/Agents refer a prospect, CBC shall accept the first official referral received, unless instructed otherwise by the client.

CBC reserves the right to reject a referral to the extent the customer applied directly, is an existing customer or was referred previously through another Real Estate Broker/Agent.

CBC will endeavour to notify the referring Real Estate Agent of any rejections within 3 business days.

Submittal of a referral to CBC alone indicates acceptance of our terms and conditions.

CBC reserves the right to amend or terminate this policy at any time without prior notice.

Enquiries

Please send any additional questions to hello@calgarybusinesscentre.com

* Active Involvement means the Broker will notify CBC of the opportunity in the aforementioned manner.

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