Canzell Realty(866) 370-5575mp@canzell.com

Recruitment Promos

Below are the promos that are currently approved. You may offer these to any agents/leaders that you are looking to sponsor. You may only offer one of these promos. They cannot be combined. In order to be approved, but must be in an offer letter and agreed by the agent with an email sent to offers@canzell.com.

Once the offer letter is accepted, you must email admin@canzell.com the agent's name and the promo they accepted. You also must enter the same info into the Slack "Promo" channel so we can make sure the promo is applied.

Waive E&O and Tech Fee for 6 Months

If they complete their onboarding by July 31, 2024, they can have their E&O and Tech fee waived. 

They need to complete the following steps:

  1. Fully onboard before 5pm EST on July 31, 2024. This means all payments are made and all documents have been signed and approved. 
  2. They need to stay with the company for a minimum of One year. If they leave before their first year they are require to pay back all of the E&O and Tech Fees that have been waived.

Cap Deferred for their 1st 6 months

If they complete their onboarding by July 31, 2024, they can have their cap deferred for the 1st 6 months. 

They need to complete the following steps:

  1. Fully onboard before 5pm EST on July 31, 2024. This means all payments are made and all documents have been signed and approved. 
  2. Once they are fully onboarded, they will send an email to accounting@canzell.com asking for their cap deferment to start.

If they leave before they pay their full cap the first year, they will have to repay the cap that was deffered within the 1st 6 months.

*Note: They must have closed 6 or more homes in the last 12 months for this option. They will not receive any capping and influencer stock until they pay a full cap to CanZell. 

CAP DEFFERMENT PLAN

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Cap Deferment Plan

  • A Cap Deferment allows an agent to defer the annual requirement that $14,000 in Company Dollar be retained by CanZell from the Gross Commission Income earned on all Transactions closed by the agent before the agent achieves a Capped Status and CanZell no longer retains the Company Dollar split from the Gross Commission Income on Transactions closed by that agent.
  • Cap Deferments are designed for agents who have capped at their current brokerage (meaning they have met the annual maximum amount in required commission splits with their current brokerage and are now receiving the full gross commission income earned on each transaction they close) and desire to continue to receive the full gross commission income, without any commission split with their brokerage, on transactions they close and also keep the same annual cap period start date (often referred to as their cap anniversary date) that they have at their current brokerage honored by CanZell.
  • A Cap Deferment may only be granted for agents who have not completed the onboarding process OR are currently in the onboarding process with CanZell. A Cap Deferment will not be granted to agents that have already completed the onboarding process.
  • Receiving a Cap Deferment does not mean an agent is in a Capped Status, as that term is defined in CanZell’s Independent Contractor Agreement (“ICA”). All listed fees required under the ICA must still be paid during the Cap Deferment Period ($195 Quality Control Fee and $100 Broker Review Fee.) These fees will not be waived.
  • After completing the onboarding process, agents on a Cap Deferment will receive a Join Date, an Anniversary Date, and a Cap Reset Date which will be determined by the agent’s cap anniversary date at their previous brokerage, but must be set as the first day in a given calendar month.
  • Upon termination of an agent’s ICA, for any reason, prior to the Cap Reset Date, any granted Cap Deferment shall also terminate and CanZell will pay agent’s commission at the standard 80/20 commission split.
  • The Cap Deferment Period will begin on an agent’s Join Date and continue up to, but not through, the Cap Reset Date. On the Cap Reset Date, the agent will begin paying Company Dollar as outlined in the agent’s ICA.
Let’s look at an example: An agent joins CanZell on May 20th. They were capped at the previous brokerage until November 1st. This is what their dates would look like:
Join Date
May 20th
Anniversary Date
June 1st
Cap Reset Date
November 1st

The Cap Deferment will start on May 20th and will end on October 31st. The agent’s Company Dollar requirement will reset annually on November 1st.

Requirements for Approval

To be considered for a Cap Deferment, agents must:

  • The applying agent must be capped at the brokerage he or she is transferring from.
  • The agent must provide proof of the current cap anniversary date from current brokerage.
  • The agent must provide documentation showing the last twelve (12) months of his or her production history. (Acceptable supporting documentation: Copy of broker report, screenshots, etc. No self-made spreadsheets, etc. will be accepted.)

CAP DEFERMENT APPLICATION

  • Submit Online Application with all required supporting documentation.
  • Use this link: CanZell Deferment Application
  • The application will be reviewed and a decision will be made within three (3) business days.
  • If approved, the agent will receive a Cap Deferment Addendum summarizing the Cap Deferment terms. CanZell must receive the signed Cap Deferment Addendum back before the Cap Deferment can go into effect

Cap Deferment Plan

FAQ’s

 

Can I apply for a Cap Deferment if there was no cap at my previous brokerage?
No, a Cap Deferment is only for agents that have capped at their current brokerage.

Does CanZell offer brokerage or team Cap Deferments for their agents?
Yes, but each agent must qualify individually to apply.

Will the Capped Status Transaction Fees paid during my Cap Deferment Period count toward my individual Influencer cap requirement?
No, they will not. Once the Cap Deferment Period ends (at the agent’s Cap Reset Date, as explained above), the agent will begin paying Company Dollar as outlined in the ICA, and the standard 80/20 commission split will begin.

Will my sponsor and upline receive revenue share during my Cap Deferment period?
Your sponsor and upline will not receive revenue share from your production during the Cap Deferment period.

Revenue share is based on Company Dollar. Since you will not be paying Company Dollar during the Cap Deferment period, your sponsor and upline will not receive revenue share based on your production.

However, any producing agents that you have attracted, that are paying Company Dollar, will result in revenue
share for you and your upline.

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