Builder-Broker Guidelines and Client Registration
At Homebound, we value our relationship with brokers/agents like you. With that in mind, we have prepared these referral fee/broker co-op eligibility conditions to help clarify the registration process of your client and take advantage of the broker/agent commission offer. We have taken great care to spell out these conditions in an effort to ensure that you, your clients and your company have a clear understanding of what’s required. We reserve the right to modify or terminate our referral fee program at any time without notice. Please see a New Home Advisor for further details.
- You must physically accompany and personally register your client (i.e., the Buyer) on their FIRST visit to the participating neighborhood of their choice. If your client has previously visited a community without you present as their agent or broker, no referral fee will be paid.
- You must register online as the agent or broker for your client by signing the Broker Registration form. The Broker Registration form attaches the Broker Co-Op Agreement that you will be executing when your client enters into a Purchase Agreement. Realtors will receive 2.5% commission of the base price at closing.
- Our community New Home Advisors will stay in constant contact with you, updating you on the progress of your client’s purchase transaction and advising you of any questions that need to be answered by your client.
- The Agent commission will be paid through and upon the closing of your client’s purchase transaction to the licensed brokerage company listed on the Broker Registration form (i.e., not you directly) if:
- the agent or broker listed in the Broker Registration form is still a licensed agent of the agent or broker and brokerage are active and in good standing;
- the agent or broker is not also the buyer, and the buyer is not licensed as an agent or broker in the state where the property is located.
- If settlement does not occur for any reason, the undersigned agrees that no commission will be paid.
Our goal is the same as yours: to help your clients achieve their home ownership dreams. Like you, we want their home buying experience to be smooth, efficient and rewarding, and we want that experience to be a credit to you.
Thank you for being our partner in success.
Sincerely,
The Homebound Team
License #1043883
