SEC Contract Filing

Filing Date: 2025-02-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>4
<FILENAME>expi-20241231xex10d12.htm
<DESCRIPTION>EX-10.12
<TEXT>
<html><head></head><body link=blue lang="EN-US"><div><div align="center"><div align="center"><div style="position:absolute; top:17px; right:64px; font-family:'Times New Roman'; font-size:10pt; font-weight:bold;">Exhibit 10.12</div><table border="0" cellspacing="0" cellpadding="0" style="width:100%;border-collapse:collapse;"><tr style="page-break-inside:avoid;"><td width="92.3%" valign="top" style="padding:0in 5.4pt 0in 5.4pt;width:92.3%;"><p align="center" style="margin:0in 0in .0001pt;text-align:center;"><img src="expi-20241231xex10d12g001.jpg" alt="GRAPHIC"></p></td><td width="7.7%" valign="middle" style="padding:0in 5.4pt 0in 5.4pt;width:7.7%;"><p style="margin:0in 0in .0001pt;"><font size="1" color="white" face="Arial" style="color:white;font-size:1.0pt;">
eXp Realty (USA) Policies and Procedures Page 1 of 84 vsn: USA 11.04.2024
POLICIES AND PROCEDURES
eXp Realty (hereafter, &#x201C;eXp,&#x201D; &#x201C;we,&#x201D; &#x201C;our,&#x201D; and such analogous terminology) reserves the right to make
updates to the policies and procedures set forth within these eXp Realty (USA) Policies and Procedures
(&#x201C;eXp P&amp;Ps&#x201D; or &#x201C;eXp&#x2019;s P&amp;Ps&#x201D;). When and if updates are made, they will be communicated through
Workplace, eXp News weekly newsletter, and/or the weekly company meeting.
By signing an Independent Contractor Agreement (&#x201C;ICA&#x201D;) with eXp, each independent contractor real
estate licensee with eXp (singularly an &#x201C;Agent&#x201D;; and collectively, &#x201C;Agents&#x201D;) is agreeing to adhere to and
abide by these eXp P&amp;Ps, with such eXp P&amp;Ps being incorporated by reference into Agent&#x2019;s ICA
verbatim and at length, and constituting a part of Agent&#x2019;s ICA as though fully set forth therein. A
glossary of terms defined in these eXp P&amp;Ps is located at the back of these eXp P&amp;Ps; defined terms
that are used but not otherwise defined in these eXp P&amp;Ps shall be as defined in the ICA.
TABLE OF CONTENTS:
I. CORE VALUES....................................................................................................................................... 6
II. POLICY .................................................................................................................................................. 6
III. PROCEDURES........................................................................................................................................ 7
IV. STATE POLICIES AND PROCEDURES.................................................................................................. 7
V. CODE OF CONDUCT.............................................................................................................................. 7
VI. DUTIES AS AN AGENT.......................................................................................................................... 8
A. Fiduciary............................................................................................................................................ 8
B. Cooperation and Compensation...................................................................................................... 9
C. Good Standing .................................................................................................................................. 9
D. Agreements, Compliance Forms, Insurance Forms ..................................................................... 10
E. License Renewal and State Department of Licensing Rules........................................................ 10
F. Non-Disclosure Of Trade Secrets .................................................................................................. 10
G. Real Estate Transactions ............................................................................................................... 10
H. Transaction Files ............................................................................................................................ 11
1. Forms .......................................................................................................................................... 11
2. Executed Real Estate Documents.............................................................................................. 11
3. Earnest Money ............................................................................................................................ 12
4. Late or Incomplete Paperwork Submissions ............................................................................ 12
I. Agent-Owned Real Properties........................................................................................................ 13
1. Generally ..................................................................................................................................... 13
2. Personal Transactions ............................................................................................................... 14
J. Commercial Property ..................................................................................................................... 15
K. Unauthorized Activities .................................................................................................................. 15
1. Generally ..................................................................................................................................... 15
2. Competitor Affiliation is Prohibited ........................................................................................... 17
3. Limited Representation is Prohibited ........................................................................................ 17
VII. ANCILLARY AND AFFILIATED SERVICES.......................................................................................... 18
A. Property Preservation Services .................................