Early Commission Payout for Realtors

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DOWNLOAD EARLY PAYOUT REQUEST FORM

 

Early Payout Program Guidelines:

1. Upon approval MonteVista Homes may authorize pre-payment to a qualified co-op realtor up to 50% of the listed commission within 5 business days from the date MonteVista Homes receives non-refundable earnest money released to the seller through escrow.

2. In the MonteVista Homes sale agreement (Purchase and Construction Agreement) MonteVista Homes requires a non-refundable earnest money deposit upon completion of a Personalized Choices meeting, which typically occurs within 7 days after a real estate agreement has been ratified.

3. This offer is valid on pre-sale real estate transactions and quick move in homes accepted without contingencies.

4. All earnest money must be fully released by the buyer through escrow to qualify for the early commission payout.

5. It is a co-op realtor’s responsibility to request the early payout from MonteVista Homes in writing by filling out this 50% Early Commission Payout Request Form signed by both the Buyer Broker and Buyer Broker Principal Broker.

6. MonteVista Homes will pay an early commission in accordance with either: (1) 50% of the fixed dollar amount specified in the MLS listing agreement for a listed home, or (2) 50% of the commission calculated at 2.5% of the home’s base sales price for a pre-sale. The early commission payout shall not be more than 50% of the amount of non-refundable earnest money collected.

7. The remaining commission balance due to a co-op realtor will be paid at closing.

8. The commissions are paid at the sole discretion of MonteVista Homes and MonteVista Homes reserves the right to revoke or cancel this program at any time without prior notice or consent.

9. MONTEVISTA HOMES AND THE CO-OP REALTORS WHO ENGAGE IN THE 50% EARLY COMMISSION PAYOUT PROGRAM UNDERSTAND THAT IN CERTAIN CASES A PRE-SALE HOME MIGHT HAVE CAUSE TO “SALE FAIL”. A CO-OP REAL ESTATE BROKER UNDERSTANDS THAT IN THE EVENT A REAL ESTATE TRANSACTION DOES SALE FAIL FOR ANY REASON, NO EARNEST MONEY WILL BE REFUNDED TO THE BUYERS FOR ANY REASON

 

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