One team member Second team member Third team member Each additional member Transaction coordinator Executive Assistant
$33,000 $44,000 $55,000 add $11,000 no cap - no compete no cap - no compete
The Director of Business Development reserves the right to negotiate with verifiable teams the CAP based on the previous years GCI. Teams for the purpose of this policy are described as one or more persons acting under one entity for the purpose of selling real estate as a branded name. All team CAPS and team structures are reviewed bi-annually with the DBD, in order to remain in integrity and assure that the proper CAP numbers are in place. ** All team members would have an additional split with the Rainmaker with a team agreement in place. All agreements will be on file with the Office/Compliance manger and/or the Director of Business Development of Nextage Lone Star Realty. ** STATUS: Partnership- TRADITONAL MODEL A partnership is when one or more individuals split production equally amongst themselves. (i.e.: The Keyes-Covelli Real Estate Group.) All partnerships are required to have a “team agreement” in place that is approved by the Director of Business Development. Partners in accordance with the Nextage model of “revenue sharing” are not allowed to “stack“ in a down line. Partnerships are afforded the following CAP in the anniversary year. CAP is paid based on the NCI commission after transaction fee and 6.5 % franchise fee are paid to Nextage Lone Star Realty. Partnerships who are on an 80/20 commission split and do not CAP in an anniversary year automatically revert to the 70/30 or 75/25 from above commission split in the following year.
Partner(s) A: Herein known as Partner A
$33,000 CAP
(80/20 commission
split) B: Herein known as Partner B Partner A
All
STATUS: Married / Domestic Partners:
production
funnels
through