Brokers may be eligible for a referral fee as long as they are licensed in the state where the fee is earned. Brokers must properly register and qualify themselves upon the discretion of FIRMSPACE. A Broker Referral Form must be filled out and submitted prior to the signing of the Licensing Agreement and must be approved by FIRMSPACE management. The Referral Fee is payable within 60 days following the Licensee’s full execution of the FIRMSPACE License Agreement and receipt of the Licensee’s Member Fee, Security Retainer and Start-Up Fee. Broker Referral Fees are applicable for the Initial Term.
The amount of the Broker Referral Fee will be granted, per office licensed, on the Initial Term as follows:
$500 for a month-to-month Agreement
65% of the first month’s Member Fee for a 6-month Agreement
100% of the first month’s Member Fee for an agreement lasting 12 months or longer