Terms And Conditions

ICI Homes and its affiliate Broker/Agent Participation Program Terms and Conditions:

1 Any Broker and/or Agent may participate in this program if he or she has an active Florida real estate license at the time of registration of the prospect and at the time commission is due (except Agents with Venture Development Realty, Inc.)
2 The Broker and/or Agent must accompany the prospect to the ICI Homes Sales Center for the initial visit and/or pre-register the prospect in person or by phone on or before the same day as the initial visit specifying prospect’s name, date, time, agent’s name and brokerage.
3 Broker and/or Agent is protected by this “registration” for a period of three (3) months from the date of registration.
4 Registration assures that Broker/Company will receive a 3% commission on initial contract price, (excluding design center options) if prospect purchases a home from the on-site sales staff any time during the three (3) month registration period.
5 If this registration results in a sale, it shall entitle the Broker and/or Agent to the commission as the procuring cause without cooperation of other fees to any other Broker. This registration shall supersede any previous Broker/Agent registration with the same prospect.
6 In the event an Agent terminates his/her employment with their Broker, the Agent will look solely to their Broker for payment. ICI Homes will pay all commission due to the Broker/Company whose name appears on this registration & subsequent contract.
7 Broker and/or Agent agrees to indemnify and hold harmless ICI Homes from and against all claims, demands, damages, losses, costs, and expenses of whatever nature or kind, including reasonable attorney’s fees and costs relating to or arising out of any claim against ICI Homes as a result of representation or other conduct by Broker and/or the Agent.
8 Broker and/or Agent acknowledge that the registration forms, sign-up sheets or other incentive to prospective or actual customers are the trade secrets of ICI Homes.
9 All qualified commission payments will be made to the registered BROKER provided the following requirements are met: full execution of a purchase and sale agreement, minimum company deposit requirements have been met, all required deposits per the terms of the contract have been paid by the buyer, satisfaction of any contractual contingencies, including the financing contingency, that would prevent the start of construction, and receipt by ICI Homes of a building permit. Payment will be made within 21 working days of slab pour. If slab has been poured at the time contract is written, commission will be paid at closing.
10 Oral representations cannot be relied upon and this agreement sets forth the entire agreement between ICI Homes and Broker and/or Agent and shall not be altered, modified, or amended unless set forth in writing and signed by all parties.
11 Any disputes or misunderstandings that arise will be settled at the sole discretion of ICI Homes.
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