CLIENT INCENTIVE PROGRAM TERMS AND CONDITIONS

Nithin Thomas’s broker JLA Realty (referred to as Broker) may refund up to a max of 1.05% (referred to as Amount) of the purchase price of the property in the form of a commission refund at closing subject to the following conditions:

• Broker and you have executed a written agreement confirming the commission Amount refundable to you at closing,
• Broker and you have executed an Exclusive Agency Representation Agreement for the purchase or sale of a property, 
• Broker receives a minimum gross commission of $5,500 
• The commission refund you receive at closing is the lesser of either:

1. 1.05% of the contracted price of the property or
2. Broker’s gross commission minus $5,500. 

Commission refund Amount is subject to adjustment or cancellation if the commission received by Broker from the cooperating broker 

• changes after the signing of Exclusive Agency Representation Agreement,
• must be shared with additional parties, 
• if the subject home is purchased as a short sale, or
• if Broker is prohibited from distributing the commission refund.

The estimated commission refund is not guaranteed. The commission refund may vary according to purchase price, prevailing market conditions, and other factors.

In some circumstances buyer’s lender or other parties to the transaction may not allow buyer to receive a refund and Broker cannot guarantee that all lenders will allow 100% distribution of the commission refund. As a result, Broker strongly recommends that buyers discuss with their lenders and other parties to the transaction, in advance, the anticipated receipt of the commission refund. 

Unless agreed to in writing by Broker, Broker will only issue a refund to the person(s) and/or entity listed on the settlement statement at the closing of a transaction, regardless of whether such person(s) and/or entity are the buyer or seller. Subject to these limitations and where allowed, the commission refund can only be paid after a transaction has been fully funded.