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(3rd party fees and B2B fees are paid from 45% referral fee to Parks)
EXAMPLE: RELOCATION TRANSACTION
(based upon $100,000 sale - 80/20 agent split)
INCOMING REFERRAL: Broker to Broker (B2B), Third Party & Corporate
OUTGOING REFERRAL: Outside Parks coverage areas
$ 100,000
3%
commission
$ 3,000
$ (1,350)
45% referral fee
$ 1,650
gross commission
$ 1,320
80/20 agent split - net commission
$ 100,000
3%
commission
$ 3,000
$
900
30% referral fee paid to Parks for companies within the network
$ (180)
20% of referral fee paid to Leading RE Network
®
$
720
gross commission
$
576
80/20 agent split - net commission
Acceptance of Referrals
Agents must sign and return the Referral Acceptance form to the Relocation Department
immediately upon receipt.
• Keep referral confidential
• Suggest Legacy Home Loans as a choice for mortgage lending (non third party)
• Notify the Relocation Department immediately about a pending contract and email a copy
of the contract and commission agreement to the correct coordinator for processing
• Email a copy of the HUD-1 upon closing
• Pay 45% referral fee upon closing
• Use Solomon|Parks for closing if allowed by 3rd party
Reporting and Follow-up
Written status reports will be required each month, bi-weekly, weekly or as needed. It is the
responsibility of the sales associate to report and update the Relocation Department regarding
the status of each referral.
CORPORATE RELOCATION