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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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Compensation, Splits & Cap – Quiz

2. Independent Contractor Agreement & Brokerage Policy Training
Compensation, Splits & Cap
Compensation, Splits & Cap – Quiz

NVRED Rule son Advertising MLS-Rules-And-Regulations INDEPENDENT CONTRACTOR AGREEMENT(v1-4-26)

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Question 1 of 10

1. Question

On a self-generated / sphere lead, your commission split is:

60% agent / 40% Company
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80% agent / 20% Company
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70% agent / 30% Company
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90% agent / 10% Company
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Question 2 of 10

2. Question

On a Company-provided lead, your commission split is:

80% agent / 20% Company
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50% agent / 50% Company
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60% agent / 40% Company
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70% agent / 30% Company
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Question 3 of 10

3. Question

The annual brokerage cap is:

$1,950
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$3,000
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$5,000
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There is no cap
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Question 4 of 10

4. Question

The $195 processing fee applies:

Only until the cap is met
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On every transaction, in perpetuity — even after the cap is met
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Once per year
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Only on Company-provided leads
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Question 5 of 10

5. Question

Once you meet your annual cap, what happens?

All fees stop for the rest of the year
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The $300 transaction fee is waived, but the $195 processing fee continues
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The $195 processing fee is waived, but the $300 transaction fee continues
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Your split drops to 50/50
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Question 6 of 10

6. Question

Closing 20 Core Transactions in a year results in:

A 5% increase on all splits
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A 10% increase on all splits
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A waived processing fee
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Automatic Tenure Bonus qualification
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Question 7 of 10

7. Question

The $300 Errors & Omissions (E&O) fee is charged:

On every transaction
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On your first transaction each calendar year
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Only when a claim is filed
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Once when you join, then never again
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Question 8 of 10

8. Question

A commission check must be cashed or deposited within how many days, or it is forfeited?

30 calendar days
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60 calendar days
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90 calendar days
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180 calendar days
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Question 9 of 10

9. Question

A transaction where you are the buyer or seller (a personal transaction) is:

Exempt from all brokerage fees
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Treated like any other transaction — same fees, splits, and cap contribution
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Charged a flat $50 fee only
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Paid at a 100% split
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Question 10 of 10

10. Question

Regarding e-commissions and advance requests, the Agreement says they are:

Available on request
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Permitted once per quarter
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Prohibited
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Allowed only after you cap
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