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).1
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).
If fifty one percent (51%) or more of a REALTOR'S®
settled volume is derived from resale
transactions, one hundred percent (100%) of new home sales volume will
be credited toward total volume. If less than fifty one percent (51%) of
the total volume is derived from resales, seventy percent (70%) of new
home sales volume will be credited toward the total.
deriving their real estate
income from commission sales and who are members of a REALTOR®
board or association are eligible for membership.
who qualify for membership must submit their year's performance on the
official record sheet furnished by the organization, accompanied by a
check for the annual dues, by February 15th of each year. A late fee may
be charged from February 16th through March 1st. Applicants must supply
all information requested of the information sheet.