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BUYING OR SELLING BY ASSOCIATES
All property being sold in which an agent has an ownership interest is to be listed through
their Parks office.
If an agent is buying or selling a personal residence or investment property, Parks will
receive no commission on one transaction side providing:
1. The agent must have been actively licensed with Parks for a minimum of six (6) months
directly preceding the transaction closing date.
2. The agent must have two sales with Parks prior to the transaction.
3. The agent may only sell or purchase their personal residence or investment property
once per calendar year and receive an exemption on one transaction side.
4. All advertising expenses must be paid by the agent.
5. The agent will hold harmless Parks from any legal liabilities resulting from the
transaction.
6. Commission from the transaction will not be credited towards the agent’s commission
level earnings; however, the agent may count the production from the sale for awards
purposes.
7. The sale of a personal residence is excluded by the agent’s E&O Policy and also the
company’s excess E&O policy by the E&O carrier. This is per the E&O carrier terms.
AGENT DISPUTE RESOLUTION
With the best of intentions, misunderstandings and conflicts sometimes develop between
agents. If agents can not quickly resolve, the issue(s) should be presented to their Principal
Broker for a decision. Agents should never involve a consumer. A decision will be reached
by the Principal Broker based on the spirit and intent of Parks’ policy. The decision of the
Principal Broker will be final and binding upon both agents.
If there is a conflict between agents in two or more Parks offices, the Principal Brokers will
meet in an attempt to resolve the conflict. If an agreement is reached, that decision will
be binding on all parties. If the Principal Brokers are not successful, the final step in the
process is a meeting with a panel of three Principal Brokers who are not involved in the
conflict. The Principal Brokers will be chosen by the CEO and their decision will be binding
on all parties involved in the conflict.