|
BY-LAWS OF THE HOWARD
COUNTY MILLION DOLLAR CLUB
ARTICLE I NAME
This organization shall be known as the "Howard County Real Estate
Million Dollar Club, Inc."
ARTICLE II
OBJECTIVES
1. To educate and enlighten members on matters relating to the real
estate industry and
community involvement.
2. To identify and contribute to local charitable organizations.
ARTICLE III
CRITERION
1. A REALTOR must settle $1,000,000 worth of business within the
preceding calendar year.
2. Referral fees do not count toward volume.
3. A listing REALTOR who sells his/her own listing shall receive credit
for both the listing and sale (i.e.
Jones sells his own listing for $150,000, he would receive credit for
$300,000).
4. Volume for leases will be credited to the year the commission
received (i.e. a five year lease with
commission being paid annually, credit volume will be 1/5 each year).
5. If two or more REALTORS® in the same firm split the commission on
the same side of the
commission, the volume of the sale will be divided proportionately to
the commission split (i.e. Jack & Jill of ABC Realty list a $150,000
house. When it sells, Jack & Jill will each get credit for $75,000 of
the sale).
6. Regarding REALTORS® who work as builders’ representatives, if fifty
one percent (51%) or more of a REALTORS® settled volume is derived from
resale transactions, one hundred percent (100%) of new
NEXT
|