General Brokerage Deal
General brokerage deal refers to ad-hoc sale transaction for any property CB Richard Ellis acts as a non exclusive agent. For the general brokerage deal generated and concluded by you which means the execution of sale and purchase agreement and the payment of nonrefundable deposit by the purchaser at the amount indicated in the sale and purchase contract and transfer of ownership of property, the commission payable to you will be at the rate of 10% of any income received by CB Richard Ellis.
b) Project Sales
Project sales refers to the Project that CB Richard Ellis is appointed as a sole agent.
Project sale commission will be calculated at 12.5% of any income on project sale generated and concluded by you which means the execution of sale and purchase agreement and the payment of nonrefundable deposit by the purchaser at the amount indicated in the sale and purchase contract, with 60% being your individual commission and 40% being pool commission or 70% being your individual commission and 30% being pool commission. The pool commission will be paid on a discretionary basis based on your performance but the Company retains the right not to pay any pool commission to you if it considers reasonable and appropriate.