Designated Firm’s Availability rennie’ designated broker shall be available to Licensees for advice and consultation as reasonably practicable during regular business hours. A telephone number for emergency situations will be available at all times and Licensees shall be responsible for staying apprised of the number. Licensees should not act in situations where the designated broker’s advice or consent is necessary until that advice or consent has been obtained. Legal Assistance Should a question requiring legal advice arise during a real estate transaction, Licensees shall inform the designated broker, who in his or her discretion, shall whether to consult with an attorney regarding the matter. If a lawsuit or administrative action is filed or threatened against a Licensee on account of the Licensee’s professional real estate activity, the Licensee shall notify rennie immediately, and shall provide rennie with copies of all correspondence and legal process in connection with any such action. rennie shall report the matter to the Errors and Omissions carrier as required by the insurance policy. Dispute Resolution and Attorneys’ Fees Licensees shall cooperate with rennie to seek resolution of any third-party complaints, accidents, claims, disputes, or other problems. Licensee and rennie shall share the costs of resolving such matters, including without limitation attorneys’ fees, insurance deductibles, and costs associated with filing liens for commission, in the same proportion as they would share the commission to be earned from the transaction involved. Any dispute between Licensee and rennie relating to payment of a commission shall be arbitrated pursuant to separate Company policy as it now exists or as it may be established. Licensee Business Expenses rennie shall not be responsible for any expense incurred by Licensees in the performance of their business duties unless approved by rennie in writing in advance. Any inspections, services or other inducements offered customers or clients by Licensees must be approved in advance by rennie and shall be at the Licensees’ sole expense. Licensees shall not charge any undisclosed commission or profit on
expenditures made for their principals. Compensation and Commissions
Licensees shall not pay or accept any compensation or commission or payment from or through any party other than rennie. Licensees may not tie any inducements to their commissions, or otherwise in any way share a commission with an unlicensed client,
13
122160001.2 0073499-00001
Made with FlippingBook - professional solution for displaying marketing and sales documents online