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PURPOSE
Provide a comprehensive source of company policies, procedures and resources.
COMPANY PROFILE
Independently owned Parks is Middle Tennessee’s largest real estate company in volume
and transactions. It was founded by Bob Parks in 1975 and known as Bob Parks Realty until
2015 when the company name was re-branded to Parks. Parks is home to over 575 agents
who are committed to unsurpassed customer service. Our brand currently covers the entire
Middle Tennessee market.
AGENT PROFILE
Parks affiliates FULL TIME professional agents who are committed to providing
extraordinary service to consumers and contributing to the real estate profession and
community.
INDEPENDENT CONTRACTOR STATUS
All agents have the legal status of independent contractors and execute an independent
contractor agreement with their Principal Broker when affiliating with Parks. Agents receive
a 1099 that reports their annual income from Parks.
INSURANCE
Agents are required by TREC to carry errors and omissions insurance (E&O). Parks requires
an additional excess coverage, which is paid annually by agents. Agents should carry
business coverage on automobiles with Parks named additional insured. Agents are
advised to have a personal liability umbrella policy for their real estate business, and a
personal liability policy to protect them when they are off-site showing properties.
OFFICES
Agents may use facilities, equipment and supplies at any Parks office so long as it is related
to Parks business purposes.
FLOOR TIME
In order to insure that Parks’ clients and customers, who either call or walk in, may speak
to a licensed, professional Parks agent, many offices have a floor time schedule during