Common use of GUARANTEED DISPLAY REFERRAL FEE WAIVERS Clause in Contracts

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.