customer or other person. Licensees shall comply with the Real Estate Settlement Procedures Act (“RESPA”) when applicable and shall not direct any transaction involving such Licensee’s principal to any lending institution, escrow company, or other service provider in expectation of receiving a kickback or rebate, without first disclosing such expectation to Licensee’s principal. All fees and commissions paid for professional real estate activity must be approved by and in the name of rennie. Licensees may not themselves pay or receive a referral fee directly. Any offer by or to a Licensee to share a portion of a commission must be approved by rennie. Compensation on Termination of Relationship with rennie Unless provided otherwise in writing, a Licensee’s right to commissions following termination of the Licensee’s ICA with rennie, regardless of the reason of the termination, shall be determined pursuant to the Licensee’s ICA. Relations with Other Licensees Licensees are expected to conduct themselves in a professional manner in their relations with other Licensees. Each Licensee working as an independent contractor has agreed to use his or her best efforts to promote their own and rennie’ businesses. To that end, courtesy and cooperation among Licensees is expected. Personal Disagreements Personal disagreements not involving real estate transactions, standards of conduct, office procedures or policies or real estate rules and laws should be resolved between Licensees without the matter affecting other Licensees or involving participation by rennie. rennie is, however, available to informally assist Licensees in resolution of such disagreements. No Licensee shall allow any personal dispute to disrupt the operation of the office or interfere in any way with the transaction of professional real estate activity. Disagreements Concerning Policy or Procedures Any dispute among or between Licensees with respect to the application of the policies and procedures and standards of conduct contained in this Manual shall be immediately brought to the attention of the designated broker for resolution, whose decision in such matters will be final. However, such decision shall not operate to, or be construed to, amend, alter or conflict with any Licensee’s rights or duties under their ICA. Any dispute or disagreement concerning ICAs shall be resolved as provided in the ICA. Disagreements Concerning Real Estate Law, Rules or Transactions Any dispute among or between Licensees involving any real estate transaction or application of real estate laws or rules shall be immediately brought to the attention of the designated broker. Such disputes shall be resolved in accord with applicable real estate rules and law. Decisions in such matters shall be final. Decisions regarding real estate law, rules or transactions are made pursuant to the supervisory duties imposed on
14
122160001.2 0073499-00001
Made with FlippingBook - professional solution for displaying marketing and sales documents online