Loan Officer Responsibilities:
Agent/Broker acknowledges and agrees that the satisfaction of Leads and their use of the Platform is an integral part of the success of the Program. As such, it is important that the Agent/Broker utilize the Platform
and keep Agento informed about the current status of all Leads and quickly investigate any cause of Lead dissatisfaction.
Lead Fees:
Agent/Broker agrees to pay due to fees Agento to join its network and pay for each accepted lead for any insurance services of any and all transactions (including subsequent dealing) involving the Lead during the Lead Coverage period.
Minimum Lead Fee: Agent/Broker agrees to pay min of $25 on all successful leads it has accepted.
Setup Fee: Loan Officer agrees to a one-time, non-refundable setup fee of $4999 to join the Brokerly network.
Annual Fee: Agent/Broker agrees to an annual fee of $4999 to stay in the Brokerly network.
Term and Termination:
This Agreement shall become effective on the Effective Date and will remain in effect for one (1) year following the Effective Date and will automatically renew for successive one-year periods until terminated by either Party pursuant to this section. Brokerly or Agent/Broker may terminate this Agreement, with or without cause, at any time upon thirty (90) days prior written or emailed notice of termination to the other party. Agent/Broker must fill out the cancellation form in its entirety and submit it to Brokerly in order to process the cancellation and reconfirm it with a cancellation confirmation number.
Effect of Termination:
Termination of this Agreement by either party shall have no impact on any compensation, credits or discounts, or other amounts owing or payable or that are later earned as a result of a Lead Acceptance by Agent/Broker which occurred prior to the termination of this Agreement CONFIDENTIALLY.
SETUP FEE Policy:
The one-time setup fee is charged at the time of signup and it is a non-refundable fee.