buys a position of strength In each nogotlatlon.The decl$lon ls ultlmatelyyours.
Personal Real Estate (Buying, Selllng, and Leasing) Purchasingor seNlngreal estate (your personal residenceor investment properties)la one of the greatest advantagesyou have as a real estate profoaalonal, and It ls our goal to preservethis advantaoe. i. The aBSocinleIs not requ red to pay the Market Center a real estate commissionon Ille portion of the transaction that lnvotvesthe associateas an owner.
KenorWIiiiamsReally,Inc PollolOG & Guldellnos Manual,Rev.4/1 15 4-28 a. This ptovlsion applies10thoso propertiesthat are consideredporsonalresldanca&and Is limitedto two s!defiper year, one as a Buyerand oua as a Seller. b. Each Markol Genierwill determinehow to treat personaltransactionsbeyondtwo sldos per yoar and thosepropertes classifiedas somethingotherthan personalresidencau. Each MarketCantorwlll also determne tequlrodcliterla to qualifyfor this "gill" NOTE: The associate Is required to pay royalty on ALL lransa.otlonsunlll the assoc ale fulf lls the KWRI royaltycap. 2. The associateIs requlrodto pay the Matket Center a real estatecommlss!oh on the side of the transactionthat Involvesanother associate.
3. It Is Market Centerpolicy lo charge the associatea minimallransacUonfee of __ _. (Check with the Marko! Contor TL.}
4. The associatemust pay the E&Olrlsurance if the E&Ocarrierdoes Insureassociate porsonaltransacUons.
5. Tho Malka! Center must havo a copy ol tha contract on lhe date It becomes etreclivo, as the Market Center Is legally llable.
6. All oxponsasInvolvedIn tho marketingof an assoclate'sreal estateshall be al the a~ociate's expense.
e 7. Certain rederal,state or provinciallaws and rostrictlons111ay propertiesand/orpersonalresidences. apply to Investment
a. Each associateshould obtain a copy of his or her local MarketCenterpoflcyto G determine If there Is a minimumcompany dolklr oontrlbuUoriwhich must be maintarnedbafore personalpropertiescan qualirywithoutpayingthe companya portion of the commission.
4.9,1,25 Phone Polley • All phonecalls should be returnedaa soon as po.sslble • All long distance calls are the responslblllty of and ere to be paid for bythe Associatesplac•ng or authorizing the call • Pollolesfor any Call CoordinatorSystemor any Phone OpportunityTbne System should be developedIn conjuncllonwlth lhe Local ALC
Priorities e It Is the consensusof Iha ALC that prlorltfsstor KellerWIUlamsRoaltyshouldalways be: 1. Sellingreal estate 2. Highest posslb'8commissionsplU.
3. Broker profit and a world class environmentand organization.
4. Profit sharingto assoefatesand the creationof a vestingtypoincome,not related to personalsalesproducton.
S. A producti\lityspecific anvironmenl
KalfarWllllo.msRealty,Inc. Policies& Guldellt11t11 Manual,Rov.4/1/15
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Addendum A Keller Williams Realty Profit Share Accounting Policies and Guidelines The followingarathe guldolinosused in ravlowlngKellar WllllarnsMarketCenter ;icc01.mtlogtepcrls:
A.1 Accounts Receivable All associatesare>to pay lhelr Markel Center b~Iby lhe end at eachmonthrosulllt1gIn a $0 (or credit) balanco.A $0 (or credit) AR balance occurs only whenall AR has boen paid In full. Tho MC may not forco a $0 AR balancethrough MC wHIoslabllshpollcleson lato offk:o bHlsand late Feeswhich could result In the returning of a roal estate ltcense.The MC will send demand letters vla cartlflodmall,"return receipt requested•,to all associateswith Invoices90 days or more past due, If stal unpaid, the MC wlUwrile off invoicesas Bad Debt Expense. Accounts Rece&vablobetween Market Centers are not allowed,Theseentries are In tho form of loans dcoumenteclwith a slgned note (fncludlngterms for lnlerest) OR paid In full by