1. Parties & Property

• Buyer; TBD

• Buyer Broker: TBD

• Listing Broker: Resolute Development Group.

• Builder: TBD

• Property: Mirror Lake

​

2. Mandated Notice of Negotiability
Notice: Real estate commission rates and fees are not set by law. They are fully negotiable between the Broker and the Buyer. No regulatory board, association, or multiple listing service (MLS) mandates a fixed compensation structure.

3. Agreed Compensation Terms

• Total Fee: The Listing Broker agrees to pay the Buyer Broker a fixed fee of 2.5% of the final total gross home construction contract price, including options and upgrades, but excluding change orders, Builder incentives, credits, allowances, taxes, and lot cost.

• For clarification, there is no offer of compensation on the Lot cost.

• Earned and Payable: Commission is earned and payable only at the closing and funding of the applicable Home Construction and corresponding Vacant Land Contracts.

• No MLS Offer of Compensation: Any compensation described in this disclosure is a separately negotiated offer of compensation and is not an MLS offer of compensation.

​

4. Source of Payment & Buyer Liability

• Builder Participation: The Permitted Builder is contractually obligated to pay the Listing Broker the agreed sales commission included in the Developer Builder Agreement. The sales commission to be calculated on the gross home construction cost shown on the final fully executed Home Construction Contract between the Buyer and the Permitted Builder. Any compensation due to the Buyer Broker shall be paid by the Listing Broker. Such payment may be dispersed by the Title agent directly to the Buyer Broker at the instruction of the Listing Broker.

• No Buyer Backup Obligation: If the Builder refuses to pay, pays only a portion, or defaults on paying the commissions, the Listing Broker will not be responsible for paying any unpaid balance to the Buyer Broker.

​

5. Builder Registration Requirements (Procuring Cause)

• First Visit Rule: The Buyer Broker acknowledges the absolute and unconditional requirement by the Listing Broker that the Buyer Broker accompany the Buyer on the Buyer’s very first visit to the model center, sales office, event, community, or property.

• Non-Represented Buyer: If the Buyer visits the model home, site, sales office, community, or related event unaccompanied and unrepresented, registers online without identifying the Buyer Broker, or fails to properly establish the Buyer Broker as the procuring cause, the Buyer may be treated as represented by the Listing Broker and no commission shall be due to any Buyer Broker later claiming to represent the Buyer.

• Buyer Broker Agreement Requirement: A written buyer-broker agreement must be signed and executed between the Buyer and Buyer Broker before the Buyer is introduced to the Property or participates in any in-person or live virtual tour arranged or provided by the Buyer Broker. Such BBA must minimally extend and be effective through the execution of the Lot Reservation Agreement.

​

6. Definitions and Broker Consistency
For purposes of this disclosure, “Buyer Broker” means the brokerage firm representing or assisting the Buyer pursuant to a written buyer-broker agreement. “Listing Broker” means the brokerage firm representing the Seller, Builder, or other party offering or arranging compensation. The terms “Selling Broker,” “Seller Broker,” and “Broker,” if used elsewhere, shall be interpreted consistently with these definitions and shall not create any additional payment obligation unless
expressly stated in writing.