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AGENT & BROKER INTRODUCTIONS

BROKER & AGENT INTRODUCTIONS AND TRANSACTION FACILITATORS CONCLUDING TRANSACTIONS BETWEEN THEIR EXCLUSIVE CLIENTS AND 21ST EQUITY HOMES MANUFACTURING INC.

21st Equity fully understands that there are transaction facilitators, business brokers, real estate brokers, corporate advisors etcetera who have working and contractual relationships with their personal client bases. As such we value the input of transaction facilitators, business brokers, real estate brokers, corporate advisors etcetera as an important component in marketing efforts within certain market segments.

We have been receiving more and more enquiries from brokers and agents alike and corporate advisors requesting written agreements from ourselves (21st Equity) relating to confirmation of commissions payable in the event of them being the effective cause of a successful transaction materializing between their clients and 21st Equity Homes Manufacturing Inc.

In response to the above we wish to clarify this aspect for the benefit of all such brokers, transaction facilitators, corporate advisors, etcetera. Kindly note that this procedure is not exhaustive and is to act as a guideline only as it is up to all parties to ensure their interests are protected.

Here are the various option of collaborating with 21st Equity Homes:

  • All brokers, facilitators, agents, corporate advisors etc. should have in their possession binding documents (mandates, authority to represent the company and source opportunities and so on) between themselves and their clients, before approaching 21st Equity on behalf of your clients. This is to assist to protect against circumventure, disclosure etcetera. Irrespective of your relationship with your clients it is good business practice to have agreements of this nature in place;
  • Or brokers can chose to become a CERTIFIED & AUTHORIZED TRUST PASS MEMBER of 21st Equity Homes Manufacturing Inc. which gives brokers a official Mandate Letter for global representation, a NCNDA agreement (Non-Circumvention and Non-Disclosure Agreement signed by 21st Equity Homes) plus a commission agreement paying the broker 7.5% on each closed transaction through the brokers efforts. The one time license fee is US$5,000;
  • All brokers etc. should be absolutely clear on what they are offering their clients and have information at hand which clarifies that your client has a need for or wishes to acquire the goods and/or services on offer by 21st Equity Homes Manufacturing Inc.;
  • The question of commission / fees payable to brokers after successful conclusion of a transaction is usually always one of the first items raised when brokers contact ourselves. Our answer to this is straightforward: Once you have a formal mandate from your client to represent the client in negotiations with 21st Equity Homes Manufacturing Inc. (you should ensure that you have a non-disclosure and non-circumventure agreement in place with your client firstly before disclosing that you are introducing 21st Equity Homes Manufacturing Inc. or you have a formal mandate from 21st Equity as CERTIFIED & AUTHORIZED TRUST PASS MEMBER) and you as the agent have pre-qualified your client as being able to conclude a transaction with 21st Equity along with details of the company and mandate being available, then discussions could take place between ourselves. Just as a real estate broker would pre-qualify a client before showing them a property the duty is on the brokers etc. to pre-qualify clients before contacting ourselves. Once, the client is pre-qualified and the client successfully concludes a transaction with 21st Equity Homes Manufacturing Inc. then the agent would be entitled to commission to be paid via either our attorneys or the company. In all instances commissions are agreed on a transaction by transaction basis and once agreed upon the commission structure is inserted into the formal agreement to be signed between ourselves and your client. We are transparent insofar as our transactions are concerned and are guided by commission tariffs (for example if a real estate transaction is concluded such as a factory syndication) of up to as much as 7.5% of transaction value provided our sale prices for factory establishment have been met, depending on the transaction. Commissions in respect of transactions in respect of commodity trading (cement sales) are usually based on US$1 (one US Dollar) per Metric Ton sold if our pricing structures and procedures etcetera have been met;
  • We do not pay fees up front prior to a successful transaction having been concluded. Essentially, everyone gets paid upon profits being realized;
  • An introduction does not qualify for full commission and we generally do not merely act on introductions that are not properly pre-qualified. Brokers who provide a phone number and name only cannot expect us to do all the administrative work and legwork only to have us still pay full commissions;
  • We do not sign any agreements with brokers for their exclusive territories or to protect their commission payments except you would be willing to pay for a manufacturing license/franchise, which gives you territory rights and 50% profit share from whatever 21st Equity earns in such territory;
  • We do not sign any franchise or joint venture or partnership agreements with brokers or 'prospective franchise partners' based on their 'expertise or connections' for the establishment of a jointly owned POWERCONCRETE™Manufacturing Plant and exclusive territories, except you would be willing to pay for at least 50% of the applicable franchise fees and 50% of the manufacturing plant setup costs, which would give you territory rights and 50% profit share from whatever POWERCONCRETE™Inc. earns in the jointly owned POWERCONCRETE™Manufacturing Plant in your given territory;
  • We do not ask brokers to represent us and if you refer to our LEGAL NOTICE at the end of this page, you will realize that no broker and/or company has the rights to represent 21st Equity Homes until you received such authorization in writing signed by the CEO of 21st Equity Homes.

The above outlines our overall company policy insofar as working with intermediaries (brokers and so on) are concerned. Brokers should familiarize themselves with the content hereof and represent their clients in the fashion as outlined above as it will avoid misunderstandings.

Our time, like yours, is valuable. Therefore, kindly ensure that your clients are pre-qualified prior to referring business to, or collaborating with, ourselves.

In case you wish to secure a license, we do recommend that you read our License Partner pages.

To see if you qualify for a license, please contact us today.

 

 

PowerConcrete™ Building Technologies Inc. - World Leaders in Affordable & Indestructible Building Solutions
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