Transaction Fee / Split on $0 Commission
Beginning June 10, 2013, if you choose to take $0.00 in commission on a transaction, the following shall apply:
• Transaction fee to Maximum One shall be $50 ($40 if you are on Plan B) if this transaction is for an Owner-Occupied property for yourself or your immediate family with a maximum of two transactions per year.
• If the above does not apply, then the transaction fee to Maximum One shall be the transaction fee based on your plan, if you are on a commission split, then the Maximum One fee shall be your split (based on your plan) based on 3% of the sales price of the property.
• Transaction fee to Maximum One shall be $50 ($40 if you are on Plan B) if this transaction is for an Owner-Occupied property for yourself or your immediate family with a maximum of two transactions per year.
• If the above does not apply, then the transaction fee to Maximum One shall be the transaction fee based on your plan, if you are on a commission split, then the Maximum One fee shall be your split (based on your plan) based on 3% of the sales price of the property.
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Fees with MX1 In-House Transactions
Maximum One encourages agents to close transactions “in house.” Therefore, there is an incentive regarding the MX1 transaction fees. The exception is if the Listing Side commission & the Selling Side Commission are between Maximum One Agents but in different companies (i.e. MXGA and MXGR and MXEX and MXER) In this situation, each agent must pay 100% of the FMLS fee due to being in two separate companies. See table below for a better understanding.
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Transaction Fees / FMLS Splits on In-House Transactions & Referrals
Transaction Fees
Maximum One transaction fee must be split at the same percentage as the gross commission per agent. The only exception is contract-to-close services rendered. Each agent’s transactions fees are based on whatever commission plan they are on with Maximum One.
FMLS Fees
If two agents are BOTH in one company (Realty/Realty OR Realtor/Realtor) then the FMLS fee can be split at agent’s discretion… please indicate on Bluesheet.
If two agents are in DIFFERENT companies (Realty/Realtor) on BOTH sides of the deal (Listing & Selling) then BOTH agents must pay full FMLS fee.
If two agents are in DIFFERENT companies (Realty/Realtor) on ONE side of the deal, then the FMLS fee must come out of whomever is in FMLS. We can adjust the commission in this scenario to compensate for the FMLS portion.
