GUARANTEED DISPLAY REFERRAL FEE WAIVERS Sample Clauses
The 'Guaranteed Display Referral Fee Waivers' clause establishes conditions under which referral fees, typically owed for guaranteed display advertising placements, are waived. In practice, this means that if certain criteria are met—such as meeting minimum spend thresholds or fulfilling specific performance metrics—the party responsible for paying referral fees is exempted from doing so for those transactions. This clause is designed to incentivize partners to achieve particular goals while reducing their financial obligations, thereby encouraging more business and streamlining the referral process.
GUARANTEED DISPLAY REFERRAL FEE WAIVERS. ▇▇▇▇.▇▇▇ offers a paid featured agent program referred to as “Guaranteed Display.” This paid product provides the following Referral Fee benefits to the Recipient Broker/Agent: • If a closing results from a lead originated during the time, and in the zip code, that the Recipient Broker/Agent was an active Guaranteed Display sponsor, the referral fee will be discounted from the standard 35% to 30%. • If a closing results from a lead originated during the time, and in the zip code, that the Recipient Broker/Agent was an active Guaranteed Display sponsor, and if ▇▇▇▇.▇▇▇ was not responsible for brokering an appointment between the Referred Client and the Recipient Broker/ Agent, the referral fee will be waived entirely to 0%. To qualify for this Referral Fee waiver, Recipient Broker/Agent must update the Referral Status in the ▇▇▇▇.▇▇▇ Agent Portal (▇▇▇▇▇://▇▇▇▇▇▇.▇▇▇▇.▇▇▇) to reflect the property has been listed prior to ▇▇▇▇.▇▇▇ indicating that an appointment has been set.
GUARANTEED DISPLAY REFERRAL FEE WAIVERS. ▇▇▇▇.▇▇▇ offers a paid featured agent program referred to as “Guaranteed Display.” This paid product provides the following Referral Fee benefits to the Recipient Broker/Agent: • If a closing results from a lead originated during the time, and in the zip code, that the Recipient Broker/Agent was an active Guaranteed Display sponsor, the referral fee will be discounted from the standard 35% to 30%. • If a closing results from a lead originated during the time, and in the zip code, that the Recipient Broker/Agent was an active Guaranteed Display sponsor, and if ▇▇▇▇.▇▇▇ was not responsible for brokering an appointment between the Referred Client and the Recipient Broker/Agent, the referral fee will be waived entirely to 0%. To qualify for this Referral Fee waiver, Recipient Broker/Agent must update the Referral Status for the lead in question in the ▇▇▇▇.▇▇▇ Agent Portal (▇▇▇▇▇://▇▇▇▇▇▇.▇▇▇▇.▇▇▇) Referral Details to reflect that Recipient Broker/Agent has engaged and set an appointment with the client. This “Appointment Set By” status stored in the Agent Portal must be date stamped prior to the property’s list date to qualify.