DUTIES OF CONTRACTOR
Contractor shall act as an independent real estate sales professional in carrying out the customary activities of a licensed real estate agent, including, but not limited to:
A. Maintain an active real estate license with eXp Realty as required in every state that Contractor engagesin activities requiring a real estate license.
B. Maintain a funding source on file for auto withdrawal of fees and any amounts due to Company.
C. List all properties for sale under the eXp Realty brokerage brand.
D. Promptly upload all listing contracts, purchase contracts, leases, referrals and any other transaction documentation into the transaction management system within two business days of execution date.
E. Represent buyers and sellers in the sale of real property.
F. Represent landlords and tenants in the leasing of property.
G. Such other services pertaining to the real estate business of the Company.
H. Adhere to the rules of conduct as laid out by each applicable State(s)’ Department of Licensing, MLS Rules, Federal and State Fair Housing, National Association of REALTORSⓇ Code of Ethics and the Association of REALTORS to which the Contractor belongs.
I. Abide by all Company policies and procedures, including the Unauthorized Real Estate Activities section of the Policies and Procedures manual.
J. Notify the Company in writing and each applicable State(s)’ Department of Licensing, as required, within10 calendar days of a criminal conviction, an adverse judgment, or disciplinary action against the Contractor.
K. Contractor must notify their Designated Managing Broker and/or Managing Broker in writing prior to removing their license from Company and terminating this agreement. All fees shall continue to be billed and charged to Contractor’s funding source(s) until such notice is received.
L. Contractor shall not be affiliated with a competing firm. For purposes hereof, “Affiliate with a competitor of the Company” shall mean that the Contractor or Contractor’s spouse or partner is an individual proprietor, partner, majority stockholder, officer, employee, director, consultant, agent, joint venturer, investor, lender, or in any other capacity, alone or in association with others, owning, managing, operating, controlling or participating in the ownership, management, operation or control of, or working for or permitting the use of his or her name by, a residential real estate brokerage other than eXp Realty.
Contractor agrees that any and all real estate listings, or any interest therein, and all other real estate related service contracts approved by the Company, including, but not limited to, those pertaining to the purchase, sale, rental or lease of real estate, or any interest therein or services in relation thereto, any of which Contractor is required under applicable law to hold and maintain a real estate license in order to perform the service or have an interest in, shall be taken in the name of the Company and its Designated Managing Broker in the state, as required under applicable state law and regulation. Contractor shall ensure that all fees, commissions or other compensation earned by Contractor, and for which Contractor must be a licensed real estate professional in order to receive such commission or compensation, in connection with the sale, lease or rental of real estate and any interest therein or service in relation thereto are made payable to the Company.
Contractor understands that the Designated Managing Broker and Managing Broker(s) (hereinafter collectively referred to as “Broker”) will rely on the accuracy, completeness and competence of Independent Contractor's services performed under this Agreement in fulfilling the Broker's contractual commitments to the public. Contractor shall strive at all times to perform in a manner that will increase the goodwill, reputation and business of Broker, and Contractor shall do nothing which would serve to disturb, discredit or devalue Broker or Broker's goodwill, reputation and/or business.
ANNIVERSARY DATE AND GOOD STANDING
Contractor’s join date (“Join Date”) shall be the date on which the Contractor completes the onboarding process and