6.9 Commission Cap Compensation Plan
If the Agent qualifies (and unless otherwise agreed upon in writing), an Agent will be compensated according to the Commission Cap Compensation Plan.
All Company commission splits will be compensated based on a 12-month cap cycle of a pre-determined amount of Company dollar paid to the Company for the Agent’s personally-generated closings. Once the Agent has reached the annual cap, their commission split moves up to 100% on all closings for the remainder of the cycle.
- All splits are calculated after 6% CENTURY 21® fee and referral fees, if applicable.
- The Company dollar paid to the Company shall reset to zero on the anniversary date listed at the top of this document.
- Redwood Lead closings and Redwood Internet Lead closings do not count toward the annual cap.
- This is for experienced Agents only.
- Outside of the applicable split, Broker withholds an additional commission (as specified by Agents’ individual Compensation Rider) from Agents on all real estate transactions with the exception of relocation transactions, transactions utilizing VA Financing which the Company represents the Buyer, Freddie Mac listings which the Company represents the Seller and rental transactions. Agents may charge such additional fee to their clients on all transactions provided that this fee is acknowledged in the applicable Listing Agreement and/or Exclusive Right to Represent Buyer Agreement and collected on the settlement statement.