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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:
- 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;
- 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.) 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 an exclusive master license, which gives you
exclusive territory rights and 50% profit share from whatever
21st Equity earns in such 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 an exclusive territory
master license, we do recommend that you read our License
Partner pages.
To
see if you qualify for a Master License, please contact us today.
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