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THE CLIFF FREEMAN GROUP REFERRAL CALCULATIONS

HOW TO CALCULATE REFERRAL AMOUNTS

The Cliff Freeman Group referral amounts are based on the sales price. Please note when calculating the referral amount you must include the total commission and, if any, the admin/sales fee you charge your client.

Sales Price $0 - $149,999 = 30% Referral Fee

Sales Price $150,000+ and Leases = 35% Referral Fee

Example: Sales Price $125,000

3/2% Commission = $3,500 total commission + $199 admin Fee you charged the buyer or seller = $3,699

$3,699 x 30% = $1,109.70 fee to The Cliff Freeman Group

SEND THE CLIFF FREEMAN GROUP A COPY OF YOUR CLOSING DOCUMENTS

Email all closing documents to The Cliff Freeman Group.

To ensure receipt, please:

• Submit closing documents in PDF format

• Include the address and Transaction ID in the subject line of the email

• CC: the closing agent

WHAT TO SUBMIT

Buy/Sell Transactions

Closing documentation should (1) be from a third-party source (cannot be an internal document) and (2) include commission data. Examples of acceptable documents include the following:

• Sell-side closing statement (CD statement)

• Buy-side closing statement (CD statement) + Commission data*

• Bill of Sale/ Lease Agreement + Commission data*

• MLS Sheet with commission percentage/fee showing

• Broker commission check(s) showing gross commission

*If the closing document provided does not include commission data, we will need an additional third-party document to verify commission. Examples of acceptable documents include the following:

Leases/Rentals

Please submit both items:

1. Lease Agreement/ Rental Contract or MLS Listing sheet

2. Broker commission check(s) showing gross commission

No Commission Received?

If the closing agent did not receive any commission for assisting with a rental, please also submit one of the following:

1. An email or document from the leasing agency stating that there was no commission paid

2. MLS Sheet showing no commission was paid

WHERE TO SEND CHECKS

**AGENTS ARE NEVER TO SEND A PERSONAL CHECK TO THE CLIFF FREEMAN GROUP**

ALL CLIFF FREEMAN GROUP REFERRAL CHECKS MUST COME FROM YOUR BROKERAGE OR THE TITLE COMPANY

To pay by check, please include the Transaction ID in the check memo and send to:

The Cliff Freeman Group, LLC

130 N Preston Rd

Prosper, TX 75078