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Canzell Realty has a Revenue Share Plan that all CanZell Agents are automatically enrolled in which aims to pay out at it’s max approximately 45% of Company Dollar to Canzell Agents who help the Company’s sales grow by attracting fellow agents to join.
You will see Company Dollar mentioned several times and it is the percentage of GCI, 20% that the Company retains from commission earned on a Transaction.
For example, if the commission is 10,000 (GCI : GROSS COMMISSION INCOME) than the company dollar is $2000 until the agent is capped and goes to 100% commission.
Vested: Subject to certain qualifications and conditions above, a Contractor that is Vested in the Revenue Share Plan continue to receive benefits..
Revenue Share Eligible: For a contractor to remain eligible to collect revenue share, the contractor must meet the following requirements
Affiliate with a competitor of Company: For purposes hereof, “affiliates with a competitor of the Company” shall mean that the Contractor or Contractor’s spouse or partner is an individual proprietor, partner, 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 CanZell Realty.