| Commission Plans Exhibit “A” |
 |
 |
 |
| Plan | FMLS/MLS ID: VIRT01 “A” Full Service |
FMLS/MLS ID: VPRN01 “B” Full Service (Same as “A” MINUS: Board Membership) |
FMLS ID: VRPP01 “C” Full Service (Minus: Board Membership/GAMLS) |
| Company DBA name… (for yard sign/BC/Advertising) GREC H #………………… |
Virtual Properties Realty.COM (OR) Virtual Properties Realty H # 31589 |
Virtual Properties Realty.NET H # 62748 |
Virtual Properties Realty.BIZ (OR) Virtual Properties Plus H # 45477 |
| Commission Split | 100%@ $300/MO Broker fee (OR) 90% With NO MO. Broker Fee (Then 100% after reaching a $5,900 YR cap) |
SAME as plan “A” | SAME as plan “A” |
| Fees | $50 a month (Includes GAMLS/E&O/Website) |
$50 a month (Includes GAMLS/E&O/Website) |
$98.00 a YEAR (no monthly fee) (GAMLS/E&O NOT Included)(Different Website is Included) |
| FREE Agent website | YES | YES | YES |
| FMLS membership | YES (Virt01) | YES (Vprn01) | YES (Vrpp01) |
| GAMLS (Virt01) | YES (Virt01) | YES (Vprn01) | NO (not members) |
| E & O Insurance | YES | YES | NO ($35 collected per transaction for E&O) |
| CompuAgent Intranet & Forms | YES | YES | YES |
| Will Office Phone, Fax & Email be the same? | YES | YES | YES |
| Board Membership Required | YES | NO | NO |
| Transaction/Acct. Fee | $30 | $30 | $30 |
| Qualifying Broker | Karen Burks | Steve Wagner | Steve Wagner |
| Managing Broker | Angie Mezza-Smith | Jo Ann Barnhart | Jo Ann Barnhart |
| Can agent list & show property using Supra Key? | YES | YES | YES |
| Can agent make HUD bids? | YES (separate NAID #) WGNRLX9725 EIN # 582439725 |
YES (separate NAID #) VRTLPR7691 EIN # 271037691 |
YES (separate NAID #) WGNR&L0987 EIN # 582630987 |
| Can agent enter own listings? | YES (if we’re FAX agreement 1st) |
YES (if we’re FAX agreement 1st) |
NO (unless broker approved) |
| Cost if staff enters your listing | $15 per listing | $15 per listing | $15 per listing |
| Cost if staff enters your photos | $10 per listing | $10 per listing | No Cost |
Commission split for rentals & referrals etc…If under $1000
$500.00 or less: Only $30.00 accounting fee
$501.00-$1000.00: 90/10 with NO accounting fee
$1001.00-or more: 90/10 with $30.00 accounting fee
Owner/Agent/Or any closing resulting in 0 commission: ($300 transaction fee, $30.00 accounting fee and FMLS fees)
- Invoices billed to agent must be paid within 10 days of receipt to avoid $50.00 late fee
- VPR Listing Agents may negotiate a commission as long as the advertised fee for the co-op agent is at least 3%
