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2. Independent Contractor Agreement & Brokerage Policy Training

Introduction & Legal Notice

Introduction & Legal Notice – Quiz

The Independent Contractor Relationship

The Independent Contractor Relationship – Quiz

Compensation, Splits & Cap

Compensation, Splits & Cap – Quiz

Ambassador Program & Production Standards

Ambassador Program & Production Standards – Quiz

Conduct – Quiz

Compliance – Quiz

Termination – Quiz

Final Exam: ICA & Brokerage Policy

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Termination – Quiz

2. Independent Contractor Agreement & Brokerage Policy Training
Termination
Termination – Quiz

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Question 1 of 10

1. Question

The Independent Contractor Agreement is:

A fixed two-year term
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At-will — the Company may terminate at any time, with or without cause or notice
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Terminable only for documented cause
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Renewed automatically with no exit
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Question 2 of 10

2. Question

To resign, an agent must notify the Company:

By a phone call to the front desk
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In writing — by email to [email protected] or by certified mail
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By a text message
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By telling another agent
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Question 3 of 10

3. Question

On termination, Company-generated leads:

Transfer with the agent to their new brokerage
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Remain the exclusive property of the Company and are reassigned
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Are split 50/50 with the agent
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Are deleted entirely
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Question 4 of 10

4. Question

On termination, an agent’s self-generated leads in Company systems are:

Exported and handed to the agent
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Permanently purged from Company systems
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Kept active for the agent for 90 days
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Sold to a third party
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Question 5 of 10

5. Question

Regarding hand-carrying your real estate license out of the brokerage, the Company:

Allows it on resignation
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Allows it with 10 days notice
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Does not permit hand-carry licenses under any circumstances — the license is mailed to the Nevada Real Estate Division
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Allows it only if you are not mid-transaction
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Question 6 of 10

6. Question

The Liquidated Recovery clause allows the Company to recover, on a transaction involving a Company lead:

The exact commission only
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Two times the agent-paid GCI
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Three times (3x) the agent-paid GCI
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A flat $1,000
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Question 7 of 10

7. Question

The post-termination restrictive covenants (non-solicitation, no recruiting, non-disparagement) last for:

6 months
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1 year
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2 years
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Indefinitely
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Question 8 of 10

8. Question

A dispute arising under the Agreement must first be submitted to:

A jury trial
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Good-faith mediation in Clark County, Nevada
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The Nevada Real Estate Division
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Small claims court
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Question 9 of 10

9. Question

If mediation is unsuccessful, the dispute is resolved by:

A jury trial in federal court
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Final and binding arbitration administered by the American Arbitration Association (AAA)
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The Broker's sole decision
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A vote of the agents
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Question 10 of 10

10. Question

On termination, all Company listings are reassigned and placed under:

The departing agent
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Aaron Lopez as Broker
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The Las Vegas REALTORS Association
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Whichever agent asks first
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