Any bonus paid as the result of a transaction performed by an Agent must be paid to the Company.
The Agent-Broker split for the bonus will be 100% minus any applicable referral* or franchise fees for all transaction types except CENTURY 21® Redwood Realty Leads (see Lead Distribution and Commission Glossary for Lead Definitions). Receipt of 100% Agent-Broker split for bonuses is contingent upon the non-bonus commission paid to the Company being a minimum of 3% of the settled sales price.
The Agent-Broker split for bonuses earned on Company-generated transactions will be at a 50/50 split minus any applicable referral or franchise fees (see Lead Distribution and Commission Glossary for Lead Definitions).
Agent bonus must be listed on a separate line of the Settlement Statement to exclude from referral fee payment due
*There are referral companies that will require referral fees paid from bonus commission even if the bonus is on a separate line (for example: Opcity)
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