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Referral placement for non-Active Park Place Agents Terms & Conditions
THIS AGREEMENT is entered into between Park Place Realty Network, LLC, a Florida corporation (Doc. # L10000056684) with its principal place of business at 2500 W. Lake Mary Blvd Suite 220, Lake Mary FL, 32746 (hereinafter “PPRN”) and the licensee whose name appears on PPRN’s online referral form (hereinafter “NETWORK AFFILIATE”) for and in consideration of the following promises, agreements, and covenants:
PPRN shall refer all leads to another duly licensed broker serving the market area of the Lead (the “third-party broker”). Thereafter, Network Affiliate will be advised of the identity of the third-party broker, to whom the Lead has been referred. Network Sales Associate is aware that PPRN has been organized to provide a real estate referral service that PPRN will not actively participate in the sale, purchase, or leasing of the property. Both parties recognize PPRN endeavors to select qualified “third-party brokers” and when applicable, special sales associates. In the event that customer/client chooses of his/her own volition to do business with another sales associate or broker, perhaps of the same firm, there may or may not be a referral fee available.
PPRN agrees to distribute referral fees earned by Network Sales Associate no later than ten (10) days after receipt by PPRN, or as soon thereafter as such funds have cleared PPRN’s bank account to the Network Affiliates Broker as long as Network Afffiliate has provided PPRN with the correct office address and an executed w9 signed by the broker Network Affiliate’s company. PPRN is not liable to Network Sales Associate for any referral fees not collected and any expenses associated with the collection of a referral fee shall be shared in direct proportion to the participation. Network Affiliate’s brokerage will receive 22.5% of the total gross commission on the buy or sell side of the referred transaction but not both. Any referral fee above the 22.5% referral commission is retained by PPRN. PPRN must earn a minimum of $100 per transaction.
It is understood that this Agreement is subject to change at the discretion of PPRN. Any changes to this Agreement shall be in writing and shall be made available to Network Affiliate. If Network Affiliate does not agree to be bound by any changes to this Agreement then Network Affiliate must inform PPRN, in writing, of such disagreement. Any notice of disagreement regarding changed terms shall be deemed by all parties to be a termination of the Agreement.
This Agreement shall be construed in accordance with the laws of the State of Florida without regard to any conflict of law principles. If any provision of this Agreement is determined by any Court, arbitrator, or other tribunal to be unenforceable then the remainder of this Agreement shall be enforced as though the unenforceable provision does not exist. The sole jurisdiction and venue for any dispute regarding this Agreement shall be Seminole County, Florida. In any dispute regarding, related to, or arising out of this Agreement, including those related to its interpretation or requirements, the prevailing party shall be entitled to recover its reasonable attorney's fees and costs at all stages of litigation, including any appellate action.