At JCI John James Custom Homes, Inc. it is our belief that Builders and Realtors should work together to create a successful union with each other to succeed. There is a necessary and a potentially profitable relationship, one worth the effort to break the boundaries of old tensions and establish standards of productivity and credibility.
Builder/Realtor, Relationship Guidelines
These voluntary guidelines have been developed to promote a strong and effective working relationship between Builder and Realtors. When fully implemented, they will provide for a coordinated approach to home buyers and assure the continued recognition of the vital role both Builders and Realtors, play in the homebuilding industry in Indiana.
1. A Builder shall compensate a Real Estate Broker with a Sales Commissionfor the contract amount of a home or residential remodeling project, when any of the following conditions exist:
A. A Broker or his/her agent personally and directly introduces a prospective buyer to the Builder for the purpose of building a home or residential remodeling project at an initial meeting between the Builder and the Buyer. Realtor must register client with Builder to insure proper compensation to the Realtor. ( Builder provided form select link below)
B. A Broker or his/her agent provides a copy of a signed buyer agency contract to the Builder prior to the initial meeting between the Broker or his/her agent, the Builder and the buyer. The Broker or his/her agent shall have this buyer agency contract in order for them to assure that all Builder introductions to this buyer come through the Broker or his/her agent. The Broker or his/her agent shall cooperate and assist in the copyright protection of each Builders plans. At the request of both the buyer and the Broker or his/her agent, the Builder shall cooperate in including the contractually agreed upon buyer agency commission in the construction costs and then paying this commission to the Broker at final settlement for the home or residential remodeling project.
C. A Builder and Broker have an Exclusive Right to Sell Agreement or other legally binding contract which provides for the payment of sales commissions under specific terms and conditions.
2. A Builder may, but is not obligated to, pay a Finders Fee to a Broker if the Broker or his/her agent refers a buyer to the Builder for a custom home or residential remodeling project, but does not meet the requirements listed in 1(A), 1(B) or 1(C) above. This finders fee shall be determined at the initial contact between the Builder and the Broker or his/her agent and confirmed in writing.
Click here Downloadable Form
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