Termination

📖 3 min read

This is the most consequential lesson in the course. Sections 6 through 13 govern what happens if the affiliation ends — and the obligations that continue for two years after it does. The summary below is training, not a substitute for the contract language.

Litigation and claims notice

Section 6: you must immediately notify the Company of any litigation, arbitration, small claims, or administrative action involving you, your license, or your business.

Termination is at-will

Section 8.1: the Agreement is at-will. The Company may terminate it at any time, with or without cause, with or without notice, at the Broker’s sole discretion — with no right to recourse, appeal, reinstatement, or damages. Section 8.2: if you are leaving, you must notify the Company in writing — by email to [email protected] or by certified mail. Email notice immediately triggers offboarding.

Immediate offboarding

Section 8.3: on termination, the Company immediately disables your access to all systems and reviews all Company-generated leads, active escrows, and active listings. The Broker decides whether any listing transfers with you or stays with the brokerage, and that determination is final and binding. Section 8.4: hand-carry licenses are not permitted under any circumstances — the Company mails your license to the Nevada Real Estate Division within 10 days and removes you from Las Vegas REALTORS® and the MLS.

Lead ownership and data purge

Section 8.5: all Company-generated leads remain the exclusive property of the Company and are reassigned. Your self-generated leads are permanently purged from Company systems. You may retain no copies, access, screenshots, exports, or derivative data.

Post-termination conduct

Section 8.6: after termination you may not work, service, advise, or transact with any Company lead or client, and may not represent any Company client without a written referral agreement executed by the Broker. Company listings are reassigned under Aaron Lopez as Broker.

Collections and the 3x recovery

Section 8.7 is the provision to understand before signing. Any transaction involving a Company lead remains subject to Company referral fees and splits regardless of which brokerage you are at when it closes — and third-party vendors such as Zillow independently track lead attribution across brokerages. The Liquidated Recovery clause allows the Company to recover an amount equal to three times (3x) the agent-paid GCI on any transaction involving a Company lead; by signing, the agent agrees to that amount and waives the right to challenge it. This is exactly the kind of clause to read closely — and to ask your own attorney about — before you sign.

The two-year restrictive covenants

Sections 8.8 and 9: for two years after termination, to the maximum extent permitted under Nevada law, you agree to non-solicitation, no recruiting, and no interference (regarding Company clients, leads, and prospects; current or former agents and staff; and partners or vendors), to non-disparagement, and to reasonable cooperation on pending transactions, audits, and compliance matters.

Indemnification, liability & E&O

Section 10: you defend, indemnify, and hold harmless the Company from claims arising from your actions. The Company’s liability to you is limited. The Company maintains E&O coverage under its brokerage policy; you are responsible for the deductible on claims arising from your conduct.

Dispute resolution

Section 11: disputes go first to good-faith mediation in Clark County, Nevada, then to final and binding arbitration administered by the American Arbitration Association. The parties waive a jury trial; the prevailing party recovers attorney fees. Sections 12–13: the Policy Manual is incorporated into the Agreement, amendments must be written and signed by both parties, and Nevada law governs.

Before you sign

This lesson is a summary; the Agreement is the binding document. If anything in Sections 8–13 raises a question — and the 3x recovery and the two-year covenants reasonably might — ask the Broker, and consult your own attorney. Signing means you accept all of it.