Terms & Conditions
In consideration of the services provided by the Real Estate Agent, the Company shall pay the Commission to the Channel Partner in the following manner
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First visit of Customer has to be with the Real estate Agent or via an email confirming the meeting.
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If found, that the client has already visited directly, no brokerage will be given to the broker.
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A Brokerage @ 2% of the flat consideration value in respect of all Projects of the company will be payable upon receipt of 20% of the Flat Consideration value and on registration of the Agreement for Sale.
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All payments to Real Estate Agent shall be made in Indian Currency after deduction of applicable taxes. The payment shall at all times be subject to being permitted and valid under applicable policies, laws, orders and regulations.
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The Real Estate Agent shall raise an invoice for the amounts payable by the Company with proper GST Number & Pan Card Details. Each invoice shall be delivered to the address of the company, as specified by the Company, by courier or by hand delivery and the Company agree to acknowledge the same.
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Subject to the fulfillment of Condition (3), the Company shall attempt to pay the Commission within 30 days of receipt of the invoice. All payments shall be made subject to deduction of tax at source.
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If transaction could not be concluded during his visit & client comes after three months without the Channel partner, then lead will be considered fresh unless customer walks in with the Channel partner.
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If client has made first visit with one Real Estate Agent and second visit with another Real Estate Agent, the brokerage will be shared equally.
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For all type of Transactions the booking has to happen within 60 days from the date of first visit only then the broker age will be given to the Real Estate Agent.
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The Real Estate Agent will only market the project by giving the marketing collaterals provided to him/her/them by the company and not misrepresent anything which is not being provided by the company.
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The Real Estate Agent shall have to mention his RERA Registration Number and also project Registration Number under RERA in all his presentations either or of website /public platform/marketing material or such other material.
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In an event it appears that the Real Estate Agent has in anyway misrepresented the project details and/or over commit ted any amenity/facility which is not there on the RERA website then the Real Estate Agent shall only be responsible to make good any loss that may be caused to the company. Further the company may at its option cancel the registration of Real Estate Agent.
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In case any marketing material that has been created by Real estate Agent the same needs tol be approved by the Company.
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Required Mandatory Documents:
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Completely filled \ Channel Partner registration Form
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Copy of RERA Certificate
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Visiting Card
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1 Photograph
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Address proof
ALL CHANNEL PARTNERS SHOULD HAVE RERA REGISTRATION NUMBER, GST NUMBER AND PAN CARD NUMBER.