CRITERION

4.        Volume for leases will be credited to the year the commission received (i.e. a five year lease with commission being paid annually, credit volume will be 1/5 each year).1

5.        If two or more REALTORS® in the same firm split the commission on the same side of the commission, the volume of the sale will be divided proportionately to the commission split (i.e. Jack & jill of ABC Realty list a $150,000 house. When it sells, Jack & Jill will each get credit for $75,000 of the sale).  

6.        If fifty one percent (51%) or more of a REALTOR'S® settled volume is derived from resale transactions, one hundred percent (100%) of new home sales volume will be credited toward total volume. If less than fifty one percent (51%) of the total volume is derived from resales, seventy percent (70%) of new home sales volume will be credited toward the total.

ARTICLE IV

QUALIFICATION

1.        Membership

           a.        REALTORS® deriving their real estate income from commission sales and who are members of a REALTOR® board or association are eligible for membership.

           b.        REALTORS® who qualify for membership must submit their year's performance on the official record sheet furnished by the organization, accompanied by a check for the annual dues, by February 15th of each year. A late fee may be charged from February 16th through March 1st. Applicants must supply all information requested of the information sheet.
 

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