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1. Sponsoring is an introduction process to
management regarding recruiting that is remunerated residually via
EXIT. The person who made the
introduction receives a financial bonus from
EXIT’s head office as the new recruit’s transactions
close.
2. Sponsoring is unlimited and can be done anywhere at
EXIT right across the North
American Continent.
3. Residual bonuses are single level only. They are not multi-level
in any way. If John sponsors in Mary and Mary sponsors in Bill, John
receives no benefits as a result of Bill because he didn’t sponsor
him into EXIT.
4. The new recruit’s commissions are not influenced at all as a
result of the sponsoring bonuses being paid out.
5. EXIT’s standard commission
splits are 70/30 up to $100,000 gross then 90/10 for the balance of
the year, annually.
6. The sponsoring bonus is equivalent to 10% of the gross production
of the recruit during the time the recruit is on a 70% split. This
maximizes at $10,000 each year. It then perpetually continues each
year the recruit continues with EXIT.
7. Sponsoring is mentoring with a vested interest: it generates
perpetual financial returns and creates an incentive to pass down
wisdom. The more the recruit improves, the better the return to the
sponsor.
8. Since EXIT head office pays
all sponsoring bonuses, there is no requirement for
EXIT franchises to be in a
profit position previous to pay out. |
9. A $ 5,000 single-side transaction at closing
generates a sponsoring bonus equivalent to $500. It is paid out to
the sponsoring Associate by EXIT’s
head office no matter what the financial status of the
broker.
10. EXIT Associates pay a deal
fee of $150 per full residential transaction to a maximum of 18
deals/year or $2700. This is not a flat rate fee and it is not
payable unless a transaction has been generated and closed.
11. When an EXIT Associate, who
has participated in sponsoring, retires, they continue to receive 7%
residual bonuses. The other 3% goes to their broker. This continues
for as long as those they sponsored in continue to make sales. A
retired EXIT Associate may
continue with no further responsibility regarding selling the
product.
12. EXIT Associates designated a
beneficiary when they join EXIT.
Should an EXIT Associate become
deceased for whatever reason then a special residual beneficiary
benefit of 5% is dedicated to the beneficiary regarding sponsoring
bonuses generated by that EXIT
Associate. This continues for as long as those who had been
sponsored in by the Associate continue to generate sales. The other
5% goes to the broker who licensed the Associate who now is
deceased.
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THINK
RESIDUALS!
Donnell Spivey
Broker/Owner
Exit Spivey
Professional Realty
410-680-2004 |
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