When I visit the sales office in the model at American Heritage Homes, should I register my clients?
Absolutely, the potential customer’s registration card must be filled out and your name and business card attached to it on their first visit. Prior registration of the customer by an American Heritage Homes sales representative, voids the possibility of the real estate agent earning a commission. You must register your clients, the customers at their first visit. If you cannot be with them, then they must have your card to attach. You must be a licensed Virginia Real Estate Agent for us to pay your broker.
How long does my client’s registration last?
The registration is protected and the co-op fee will be paid at closing, provided the buyer enters into a sales agreement within 60 days of registration. The time period may be extended by re-registering the potential customer.
Do I need to be present for the agreement of sale?
American Heritage Sales staff will handle all of the agreements and paperwork, but just so that you stay in the touch with the process and time frames, you may want to be present.
Do I get paid on the total sale price?
American Heritage Homes will pay 3% of the base price of the home to the broker, unless otherwise stated on particular deals or specials or referrals.
When do I get paid a commission?
American Heritage Homes customers use a Construction-Perm Loan that closes on the land up front and all commissions are paid at that time. So, the commission payments occur fairly quickly after contract signing.
Do I need to attend settlement?
You do not need to attend settlement. Commissions checks are cut as soon as the loan is funded. You can go by the title company and pick it up or arrangements can be made to mail it to you.
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