Change
of Commission Plan
If you change your commission plan, you must do so in
writing on this form: “Commission Split Plans” (on next page) and email it to AgentBilling@eAGENTweb.com . If you change your plan, any transactions for
the next 30 days will close at the fee structure from your previous plan; you
next monthly agent bill will be base on your new plan.
Commission Plan Changes if Not in Good Standing with MX1
If you are not in good standing with Maximum One (i.e. have
an outstanding balance on your agent bill) then Maximum One retains the right
to switch your commission plan for a probation period of 6 months to one with a
lower monthly fee than the one you currently have.
Commission Split Plans
Plan
A Plan
D
$48 per month (includes GAMLS) $28 per month (includes GAMLS)
$48 per month (includes GAMLS) $28 per month (includes GAMLS)
$300
per transaction 85/15
Commission Split (Agent retains 85%) Residential and Commercial Residential
and Commercial
Plan
B Plan
E
$250
per month (includes GAMLS) $38
per month (includes GAMLS)
$40
per transaction 90/10
Commission Split (Agent retains 90%)
Residential
and Commercial Residential
and Commercial
Plan
C Plan
F /Holding Company (No MLS access)
No Longer Available No monthly fee
No Longer Available No monthly fee
$60
per year (No FMLS nor GAMLS)
80/20
split (Agent retains 80%) Referrals
Only – No Active Real Estate
All
plans have a Non-Guaranteed Annual Cap of $6,000 so you do not over pay the
Brokerage. What that means is that out of your portion you pay the Brokerage,
you never pay more than $6,000 in a year. If you pay in less than $6,000 to the
Brokerage, you DO NOT pay the difference. All successful Residential Sale
Closings which are listed in FMLS or are supposed to be listed in FMLS are
subject to an FMLS .12% fees which will be taken out of commission checks
during disbursement. All fees generated
to Broker are subject to splits above with exception of BPO’s. BPO’s are disbursed to agents once per month
in their entirety. With our fees amongst
the lowest in the industry, there are no exemptions for agent-owned sales or
purchases. On smaller fees charged and
collected by the agent (under $1,200) the split is 25/75 (agent retains 75%)
with 25% going towards cap. If you
collect $0.00 in commission on a transaction, your minimum transaction fee to
Maximum One is $50 (or $40 if you are on Plan B) if this is an owner-occupant
property for yourself or immediate family.
If the property is not in this category, then the transaction fee is
based on your plan (see policy manual.)
E&O
Insurance is billed separately. There is
a separate E&O payment selection sheet for how that is handled.
MXGA01
is not a member of a Board of Realtors® therefore no board dues are payable. MXGR01 is a member and dues are mandatory.
Definition
of “TRANSACTION:” Every time a check is
written to Broker and has to be disbursed to a licensee. This includes but is not limited to multiple
payment commissions, retainer fees, lease purchases, flat fee listings,
property management fees, referrals, and residential and commercial payment of
commissions. Retainer fees on the “Buy”
side are only payable at expiration/cancellation of Buyer Brokerage Agreement
or when a deal is terminated or expires unless otherwise expressly provided for
in writing by the client.
I
_____________________________________ hereby select Plan _______ as my
Commission Split with Maximum One Realty Greater Atlanta/Maximum One Greater
Atlanta Realtors®. I am aware that if I change my plan, for a
period of 30 days, any commissions/fees paid will be paid at my previous plan;
my monthly fees will begin according to my new plan on the next agent
bill. Any changes in my Commission Split
plan must be done in writing on this form.
____________________________ ________________________
Associate
Signature Date
