The $50 Monthly Membership is Waived
$50.00 Monthly or $550 If Paid Annually: Monthly Membership payments are due on the 1st day of the month which are not received by the end of the business day on the 5th of the month are subject to a late fee of $10, which shall be assessed on the 6th business day of the month.
AGENT TRANSACTION FEES
|Sale and Purchase
12 Month Term
|Agent Transaction Fee||$500.00||$5,000|
|After CAP Has Been Met||$95.00|
|Less Than $5,000 GCI||95/5 Split||Applies to CAP|
|New & Renewal Leases
HDB & Private Landed
|$85.00||Does Not Apply to CAP|
|Less Than $1,000 GCI||95/5 Split|
|Industrial & Commercial
Sale, Purchase & Lease
|$500 Per $5000 of GCI||Applies to CAP|
Industrial & Commercial Sale, Purchase & Leases are calculated based on gross commission income (GCI). For each $5,000 of commission the agent transaction fee is $500. For example, if the gross commission income is $15,000 it is $1,500 ($500 from first $5,000 increment + $500 from second $5,000 + $500 from third $5000 increment).
During the course of ASSOCIATE-LICENSEE’s Year (based on Start Date), should the ASSOCIATE- LICENSEE pay to COMPANY aggregate transaction fees for the listing or purchase of HDB, Private Residential, Industrial and Commercial Sales (as defined in AGENT TRANSACTION FEES above and (as defined Section A Below, in the amount of FIVE Thousand Dollars ($5,000) (the “CAP”), ASSOCIATE-LICENSEE’s obligation to pay a transaction fee on further closed transactions up to the end of the anniversary date of hire, shall be $95.