TERMS OF PROGRAM We are proud of our growth and we look forward to sharing the wealth with our agents. Please read the guidelines that follow….
Lifestyle International Realty Revenue Sharing Program: The contractor will have the option at no additional cost to participate in the company’s revenue-sharing program. This program is designed to allow all of our agents to earn additional income through the sharing of the company’s revenue (Transaction and or Monthly/Annually) generated by the recruitment of other licensed real estate agents.
The Broker will share a percentage of the proceeds from the agent’s split to Lifestyle generated by the recruited licensee.
● Recruit 1-2 agents, you’ll receive 5% of agent’s commission split to Lifestyle
● Recruit 3 agents or more you’ll receive 10% of agent’s commission split to Lifestyle
● Agent must mention that they were referred by you at sign up (No exceptions)
● This program is only for agents that have signed from 01/01/2022 and forward
● To participate in revenue sharing, the agent must stay active under Lifestyle International
Realty
● The referred agent also must stay active with Lifestyle International Realty
● Resets to 5% every fiscal year, must recruit 3+ more to get back to 10%
● The referred agent has 30 days to sign up with Lifestyle International Realty after which
this form expires LIR Revenue Sharing Program (Structure Example)
Recruit 1-2 agents to Lifestyle = 5% Recruit 3+ agents to Lifestyle = 10%
Commission earned $10,500 – 20% split to Lifestyle = $2,100 x 5% = $105 to John for recruiting Agent x 1
Commission earned $24,000 – 20% split to Lifestyle = $4,800 x 5% = $240 to John for recruiting Agent x 2
Since John joined Lifestyle’s Revenue Program, he recruited 2 new agents (Tier#1) made an additional $345 by recruiting these two agents to the family.
Agent x 1 sold a home for $350,000 Agent x 1 is on a 80/20 split with Lifestyle Agent x 1 commission on home: 3% which equals $10,500
Agent x 2 sold a home for $600,000 Agent x 2 is on a 80/20 split with Lifestyle Agent x 2 commission on home is 3% which equals $18,000
Agent x 3 sold a home for $420,000 Agent x 3 is on a 80/20 split with Lifestyle Agent x 3 commission on the home is 3% which equals $12,000
Commission earned $10,500 – 20% split to Lifestyle = $2,100 x 10% = $210 to John for recruiting Agent x 1
Commission earned $18,000 – 20% split to Lifestyle = $3,600 x 10% = $360 to John for recruiting Agent x 2
Commission earned $12,000 – 20% split to Lifestyle = $2,400 x 10% = $240 to John for recruiting Agent x 3
John being in Tier#2 (10%) just made an additional $810
Disclaimer: Termination of Agreement: This agreement may be terminated immediately by Broker for cause, or upon three calendar days written notice by Broker or Contractor. Contractor agrees that a violation of any contractor’s obligations hereunder shall constitute cause for immediate termination of this agreement.