At Pardee Homes of Nevada (“Company”, “we”, “us” or “our”), we value our relationship with brokers/agents like you. With that in mind, we have prepared a Broker Co-Op / Referral Fee Agreement (which is available at all of our New Home Galleries) with eligibility conditions and sample referral fee calculations (some of which are referenced below) to help you take advantage of the opportunities we offer. In the event of any conflict between the below terms and those listed in the Broker Co-Op / Referral Fee Agreement, the Broker Co-Op / Referral Fee Agreement will control. We’ve taken great care to spell out these terms in an effort to ensure that you, your brokerage company, and your clients have a clear understanding of what’s required. We reserve the right to modify or terminate this referral fee program at any time without notice. Please see a New Home Advisor for further details.
CONDITIONS TO RECEIPT OF A REFERRAL FEE:
(a) the agent or broker listed in the Broker Co-Op / Referral Fee Agreement is still employed by said brokerage;
(b) the licenses of the agent or broker and brokerage are active and in good standing in the state in which the property is located;
(c) Buyer’s position under the Purchase Agreement is not assigned (either with or without our prior written consent) and someone originally named as “Buyer” in the Purchase Agreement is a buyer thereunder at close of escrow;
(d) escrow closes; and
(e) Buyer (or Buyer’s spouse, or anyone named as “Buyer” under the Purchase Agreement at the close of escrow, or the spouse of any such person) has not visited the neighborhood in which the Buyer purchased the property with another agent or broker (i.e., an agent or broker other than you) who has executed a Broker Co-Op / Referral Fee Agreement under which we are obligated to pay a referral fee or commission.
If all of the foregoing conditions have not been met, we will not pay a referral fee. Conversely, if all of the foregoing condition have been met, we will pay your brokerage company a referral fee equal to 3% of the Base Purchase Price of the property less any Home Discount (capitalized terms shall have the meanings ascribed to them in the Purchase Agreement). Please see the Broker Co-Op / Referral Fee Agreement for details.
Importantly, should an agent or broker charge a transaction fee, said fee shall be paid exclusively by the Buyer. We have no obligation to pay, and will not pay, any such transaction fee. Further, our New Home Advisors are our exclusive agents in all transactions and will not represent the Buyer in any capacity (see Nevada Division of Real Estate form 525/525A, Duties Owed by a Nevada Real Estate Licensee, regarding real estate agency relationships).
Our goal is the same as yours: to help your clients achieve their home ownership dreams. Like you, we want their home buying experience to be smooth, efficient and rewarding, and we want that experience to be a credit to you. By following our guidelines, you can help ensure that everyone achieves their goals. Thank you for being our partner in success.