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LEGAL ACTION
In the event Parks sues for commission, all expenses, including court costs and attorney’s
fees, are deducted from the commission before the commission is paid to the agent.
Management makes all decisions regarding legal action.
Should the agent and Parks be named in any legal action, attorney’s fees and other costs
will be borne by the named parties. The Parks agent shall be responsible for their E & O
deductible and any associated costs with the legal action, including but not limited to any
settlements, judgments, etc.
LEGAL AND CODES OF ETHICS COMPLIANCE
Parks intention and policy is to obey all applicable federal, state, and local laws and comply
with TREC rules and regulations and Realtors
®
code of ethics. Agents sign a fair housing
declaration. Prior to placing any phone solicitation, agents should contact our Marketing
Department for access to Do Not Call information.
AGENT TRANSFERS
If an agent is transferring to another office within the company or to another company, the
agent should obtain the Principal Broker’s signature of the destination office then present
to Principal Broker for signature, utilizing the TREC 1 form.
TRANSFER OF LISTING(S)
If an agent is transferring to another company and wishes to transfer listing(s), the agent
must obtain the seller’s signature on the appropriate MLS form and the destination
Principal Broker’s signature on agreement to pay 25% of the commission to Parks. This
runs with the listing and that agent until closing of sale.
TERMINATION AND AFFILIATION
The Principal Broker makes all decisions regarding affiliating and releasing agents.
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revised: 7-9-2015