application1. obliga ons of licensee. licensee covenants and agrees to: a. work diligently to sell,...

If you are withdrawing a listing or transferring a listing to us, you must get the seller to sign the following paperwork; otherwise, FMLS and/or GAMLS will each charge you a $25.00 fee per listing. These GAR agreements (see below) can be found in FMLS or GAMLS. • New listing agreement signed by seller for each property (if transferring a listing) • GAMLS Change Sheet for each property • FMLS Addendum to FMLS Exclusive Right to Sell Contract for each property (#116 form)(Agents transferring their license to Virtual Properties Realty.BIZ must get previous broker to withdraw the GAMLS listings, because VPR.BIZ is not a member of GAMLS.)

Email or fax above addendums to listing department using the contact details at the bottom of this page.

Information: Agent’s Name: RE License #: SS #:

RE designation to appear after your name on website: Date of Birth (MM/DD/YYYY): __ __ / __ __ / __ __ __ __

Home Address:

Mailing Address (if different from home address):

Cell Phone Number: Home Phone Number: Email:

In Case of Emergency Contact Number: Spouse’s Name:

Please Check Yes or No: If Yes:

Will your commission check be made out to a corporation or LLC? ☐No ☐YesÆ

• Agent must own at least 20% of this company • Agent must attach the GAR CO2 form “Amendment to Independent Contractors Agreement” TAX ID#: Company name:

Will you be joining a team? ☐No ☐YesÆ • Agent must attach a signed team leader agreement showing the commission splitsAre you currently doing property management for properties that you do not own? ☐No ☐YesÆ • Agent must refer/transfer these properties to another real estate company before joining

any of our companies—broker does not allow agents to do property management.Are you currently a member of a RE board? ☐No ☐YesÆ Name of board(s):

Are you currently a member of FMLS? ☐No ☐YesÆ User ID: Number of listings:

Are you currently a member of GAMLS? ☐No ☐YesÆ User ID: Number of listings:

Are you transferring your license from another RE company? ☐No ☐YesÆ

Company name: • Agent must remove any previous company yard signs ASAP & replace w/ correct (new) company. Must also change name & logo on all previous marketing material which includes a website.

Are you currently a qualifying broker with another company? ☐No ☐YesÆ Company H#:

Does your spouse currently hold a RE license? ☐No ☐YesÆ Who holds this license?:

Do you (or your corporation/LLC) own rental property? If yes, list addresses on separate sheet. ☐No ☐YesÆ

Who is currently holding the trust funds?

Agent agrees to transfer trust funds to VPR.

# of properties: • All trust accounts must be transferred to VPR. • Broker DOES NOT permit agent to hold security deposits (even for agent owned property) due to GREC required monthly reconciliations.

How did you hear about our company?:

If a VPR agent referred you, they will receive a $100 bonus after your first closing (does not apply if agent is your Ambassador). You must remind us to pay this bonus.

Have you ever received VPR emails?: ☐ No ☐ Yes Have you ever received VPR postcards?: ☐ No ☐ Yes

Agent’s Signature Date

VPR Associate Signature Date

Application

Our staff will email you your USER ID (for VPR intranet) soon after you are active in GREC and the listing service(s). Allow several days after joining our company to receive this email, because we have to wait for FMLS to set you up in their system first.

[email protected] Fax: 770-622-5056 Address: 2750 Premiere Parkway Suite 200 Duluth, GA 30097

COMMISSION AGREEMENT (EXHIBIT A)

Company CodesGREC FIRM H# 31589*HUD NAID# WGNRLX9725EIN# 582439725FMLS broker code: VIRT01

GREC FIRM H# 62748*HUD NAID# VRTLPR7691EIN# 271037691FMLS broker code: VPRN01

GREC FIRM H# 45477*HUD NAID# WGNR&L0987EIN# 582630987FMLS broker code: VRPP01

GAMLS Member Not Member

FMLS Member .0012%/trans

Agent Personal Website

Board of Realtors Member No No

$30 Closing/Processing fee

E/O Included in monthly fee No: $35/trans

EXCE

PTIO

NS Agent split for a gross commission under $1,000 on commission plans 1, 2, & 3

$500 or less.......................................................................$30 flat processing fee $501-$1000.....................................................90/10 split only (no processing fee)

Owner/Agent property (including personal home): $300 flat transaction fee & $30 flat processing fee + FMLS (if applicable)

GREC LAW WARNING: If agent is transferring from one company to another, agent agrees to change the yard sign and any/all marketing to reflect agent’s new company. If switching from one VPR company to another, VPR will provide free .COM, .NET or .BIZ stickers to replace the previous yard sign suffixes.

Commission Plan Joining Ambassador Plan?

Print Agent Name License #

VPR Associate SignatureAgent Signature

Date

Date

Plan offered, Firm A

Plan offered, Firm B

Plan offered, Firm C

Agent’s Desired FirmFIRM A - .com Plan 1FIRM B - .net Plan 2 Yes, & I’ve signed the

Ambassador Plan AgreementFIRM C - .biz Plan 3

Home O ce:

No YesIf yes, please return Team Agreement

Pea tree itos tona son ille

Flowery Branch Gainesville o ns ree

Woo sto Other:

FIRM A

PLAN 1

FIRM B

PLAN 2

FIRM C

PLAN 3

Virtual Properties Realty .COM Virtual Properties Realty .NET Virtual Properties Realty .BIZ

Companies:

Commission Plans:

Will you be part of a team?:

Virtual Properties Realty is comprised of 3 separate FIRMS

Choose Your

COMPANY

Choose Your

BASE PLAN

A, B or C

1, 2 or 3

*Every time you change companies, you must change your profile on hudhomestore.com. Register as a bidder.

*Agents on 100% Transaction Plan can not be an Ambassador, but can be in Ambassador’s downline

Please note agents may change commission plans only ONCE per 6-month period.

$98/Year$50/Month$50/Month

No

$5,900/yr cap, then 100% $295/mo Broker Fee

100 Transaction Plan*

$49/mo & $200/trans. (residential only; commercial sales will have

90/10 split with $10,000 cap/year)

90% Plan100% Plan

Optional Add-Ons Listing Input Service: $15/Listing Unlimited Listing Photos: $10/Listing ListingWare: or all a ents globalWOLF: $22/month

l tnell ille

rna

1. Obligations of Licensee. Licensee covenants and agrees to:A. work diligently to sell, lease, rent, and/or manage any and all real estate listed with Broker, to solicit additional real estate brokerage

business from customers and clients of Broker, and otherwise to promote the business of Broker in real estate transactions.B. maintain real estate license in good standing pursuant to the laws of the State of Georgia. Licensee will be solely responsible for the

payment of all professional license fees.C. be a member in good standing at Licensee’s sole expense of a local board of REALTORS® (approved by Broker) within Georgia.D. abide by the Code of Ethics of the National Association of REALTORS®.E. maintain such property, casualty, liability, errors and omissions, and other insurance coverages as set forth in the following:

Exhibit , policy and procedures manual, OR as may be re uired by Broker upon fi een (15) days wri en notice to Licensee.

F. indemnify and hold Broker harmless from and against any and all claims, causes of action, lawsuits, damages, liabilities, fines,costs, expenses and deductibles (hereina er collectively referred to as Claims ) arising out of or related to any violation of thisAgreement by Licensee, or Licensee’s negligent acts, intentional acts of wrongdoing, or acts outside the scope of Licensee’s authorityor responsibilities hereunder, but only to the extent that there is not a policy of insurance which actually pays the Claim or reimbursesthe costs thereof to Broker. This indemnification obligation shall specifically survive the termination of this Agreement.

G. abide by all local, state, and federal laws and the Rules and Regulations of the Georgia Real Estate Commission.H. abide by Broker’s Policy Manual and all policies and procedures now or herea er established by Broker upon being notified of the

same.I. permit Broker to use Licensee’s name, picture, recorded voice, or description in its training materials, advertising, or other publications.J. immediately notify Broker of the following: (a) all investigations of Licensee by the Georgia Real Estate Commission; (b) all claims or

causes of action (threatened or otherwise) against Licensee relating to the performance of Licensee’s duties herein; (c) any pendingcharges of criminal wrongdoing against Licensee for which a conviction could impair Licensee’s ability to act as a licensed real estatesalesperson; and (d) any time when the Licensee’s license with the Georgia Real Estate Commission lapses or is put on inactive status.

K. a end such sales meetings and training programs as Broker may re uire to familiari e Licensee with among other things, the officepolicies and procedures of Broker, sales and marketing information, and current developments in real estate regulations and law.

L. keep Broker informed of Licensee’s business activities on behalf of Broker, and to maintain with the Broker complete copies of alloffers, counteroffers, real estate purchase and sale agreements, leases and other documents relating to real estate transactions withwhich Licensee is involved.

M. immediately report to Broker any threat of a claim or lawsuit against either Broker, Licensee or both.N. not provide any service as part of a real estate transaction or closing (other than brokerage services) without the express wri en

consent of Broker.O. not to either: (1) serve in a fiduciary capacity in any real estate transaction in which Licensee is acting in a brokerage capacity; or (2)

agree to perform or owe any duties to a customer, client or third party in any such transaction greater than the duties that brokers areexpressly re uired to perform under the Brokerage Relationships in Real Estate Transactions Act ( BRRETA ).

P. notify Broker in writing whenever Licensee (or an entity in which the Licensee is owner, member or employee) is personally selling,buying or leasing real property (including listing property owned by Licensee).

2. Obligations of Broker. Broker covenants and agrees to:A. maintain its broker’s license with the State of Georgia and may maintain from time to time membership in the National Association of

REALTORS®, the Georgia Association of REALTORS®, Inc., and various local Boards of REALTORS®.B. hold Licensee’s real estate license.

THIS FORM IS COPYRIGHTED AND MAY ONLY BE USED IN REAL ESTATE TRANSACTIONS IN WHICH IS INVOLVED AS A REAL ESTATE LICENSEE. UNAUTHORIZED USE OF THE FORM MAY RESULT IN LEGAL SANCTIONS BEING BROUGHT AGAINST THE USER AND SHOULD BE REPORTED TO THE GEORGIA ASSOCIATION OF REALTORS® AT (770) 451-1831.

Copyright© 2014 by Georgia Association of REALTORS®, Inc. CO1, Independent Contractor Agreement, Page 1 of 5, 05/22/14

INDEPENDENT CONTRACTOR AGREEMENT

2014 Printing

This Agreement made the date of , by and between ,

Hereinafter referred to as Broker, and , hereinafter referred to as Licensee.

HEREAS, Broker and Licensee are duly licensed under the laws of the State of Georgia; and

HEREAS, Broker and Licensee desire to work together in the real estate brokerage business in a broker-licensee relationship as set forth in this Agreement.

NO , THEREFORE, IN CONSIDERATION of the mutual covenants contained herein, the parties agree as follows:

C. make available to Licensee the use of Broker’s office and office management services at (address), (city), Georgia for Licensee’s use in the real estate business, and upon re uest, provide advice, information, and assistance relative to real estate brokerage and transactions.

D. provide Licensee with a copy of all policies and procedures with which Licensee is expected to comply.E. make available to Licensee all current listings except those listings which Broker, for valid business reasons, may place exclusively in

the temporary possession of some other licensee. However, Licensee shall not be re uired to accept or service any listing offered by Broker. Broker shall not have the right or authority to direct that Licensee service particular parties or to restrict Licensee’s activities to particular areas.

F. pay over to Licensee the commissions or fees earned by Licensee a er such commissions or fees are collected by Broker.G. indemnify and hold Licensee harmless from and against any and all claims, causes of action, lawsuits, damages, liabilities, fines, costs,

expenses and deductibles (hereina er collectively referred to as Claims ) arising out of or related to any violation of this Agreement by Broker, or Broker’s negligent acts, intentional acts of wrongdoing, or acts outside the scope of Broker’s authority or responsibilities hereunder, but only to the extent that there is not a policy of insurance which actually pays the Claim or reimburses the costs thereof to Licensee. This indemnification obligation shall specifically survive the termination of this Agreement.

3. Compensation.A. The division and distribution of earned commission shall be in accordance with the published commission schedule of the Broker. The

commission schedule under which licensee is to be paid is a ached hereto as Exhibit . The published commission schedule is sub ect to change by the Broker upon fi een (15) days wri en notice to Licensee. Commissions are earned when Broker has received payment in certified or collected funds. For the purposes of this Agreement, the term commission shall include all fees, bonuses, and other valuable consideration paid or given in connection with the following: (a) performance of real estate brokerage services (as defined by O.C.G.A. 3- 0-1(2); and (b) the performance by Licensee of any permi ed real estate se lement service (as that term is defined by federal law). In the event that this contract is terminated, Licensee’s share of any commission (in accordance with the current commission schedule) on any transaction where funds are not yet collected, shall, upon receipt of funds, be paid by the Broker to the Licensee. However, if said transactions re uire additional work normally rendered by a licensee, Broker may perform the re uired work either directly or through another licensee of Broker and deduct from Licensee’s share of the commission the reasonable value of said work as may be determined in the sole discretion of Broker.

B. Neither of the parties shall be liable to the other for any expenses, except as set forth in Exhibit or policy procedure manual.C. Broker shall have the sole and final authority to decide: (1) whether or not to pursue the collection and/or se le any disputed

commission claim; (2) all uestions regarding the entitlement to a commission between Licensee and any other broker or licensee; and (3) whether Licensee initiated, consummated or was the procuring cause of any real estate transaction. Suits and other actions for commissions and/or expenses and costs incurred by Licensee in connection with a real estate transaction shall only be maintained in the name of Broker.

D. Licensee acknowledges that claims regarding the entitlement to a real estate commission may be asserted against Broker a er Licensee has been paid his or her share of the real estate commission. Licensee agrees to immediately reimburse Broker for his or her pro rata share of any commission amount paid to Licensee and later ordered to be refunded, returned or paid to another party by a duly authori ed mediator, arbitrator, arbitration panel, or court of competent urisdiction. This obligation on the part of Licensee shall survive the termination of this Agreement.

4. Legal Status and Relationship. This Agreement shall create an independent contractor relationship for all purposes under state and federal law and shall not create an employer-employee, oint venture, or partnership relationship. Licensee shall be responsible for filing all personal federal income tax forms and for paying all income taxes and self-employment taxes for each taxable year. Licensee shall, at all times during this Agreement, perform Licensee’s duties and responsibilities without any direct supervision or control by the Broker, except that Broker may exercise such supervision as Broker deems necessary to comply with Georgia law, the Code of Ethics of the National Association of REALTORS®, and the rules and regulations of the Georgia Real Estate Commission.

5. Terms and Termination.A. This Agreement shall be for a period of two years from the date hereof and shall, unless otherwise terminated, automatically renew for

successive periods of two years. Either party may terminate this Agreement upon wri en notice given to the other party.B. pon termination of this Agreement, a list shall be prepared of all pending or unfinished business involving any sale procured by the

Licensee, which list shall be signed by both parties, and neither party shall have any claim except as set forth in such list. Any net earned commissions therea er shall be distributed as provided in this Agreement. Licensee agrees that on expiration or termination of this Agreement: (a) all listings, office keys, files on pending transactions, materials, property of Broker, or other similar items shall be returned to Broker; (b) all fees or charges owing to Broker by Licensee and all loans and advances made by Broker to Licensee shall be due and immediately paid to Broker; (c) Licensee shall do no further work on behalf of Broker except with the wri en permission of Broker; and (d) Licensee shall not induce any client of Broker to break any listing or any other brokerage engagement agreement or contract between the client and Broker in violation of Georgia law.

C. Licensee acknowledges that all listing and sales files maintained by Broker and any and all correspondence, papers, documents, and other materials furnished or otherwise available to Licensee are confidential business information and the property of Broker. A er termination or expiration of this Agreement, Licensee shall not use such information to Licensee’s advantage or to the advantage of any other person or entity.

THIS FORM IS COPYRIGHTED AND MAY ONLY BE USED IN REAL ESTATE TRANSACTIONS IN WHICH IS INVOLVED AS A REAL ESTATE LICENSEE. UNAUTHORIZED USE OF THE FORM MAY RESULT IN LEGAL SANCTIONS BEING BROUGHT AGAINST THE USER AND SHOULD BE REPORTED TO THE GEORGIA ASSOCIATION OF REALTORS® AT (770) 451-1831. Copyright© 2014 by Georgia Association of REALTORS®, Inc. CO1, Independent Contractor Agreement, Page 2 of 5, 05/22/14

6. Authority. In working with clients and customers of Broker, Licensee shall have the authority to execute on behalf of Broker the following documents involving such clients as customers; provided, however, that Licensee shall have no authority to: (1) reduce or limit Broker’s commissions in real estate transactions below the minimum amount or percentage Broker is to receive in the commission schedule a ached hereto as an exhibit; or (2) increase the legal duties or standard of care that Broker and Licensee owe to a client, customer or third party beyond that set forth in the Brokerage Relationships in Real Estate Transactions Act ( BRRETA ). (a) Purchase and sale agreements; (b) Brokerage engagement agreements; (c) Other standard forms issued by GAR; (d) Other standard forms of Broker which Broker has authori ed Licensee, to sign in writing on Broker’s behalf. Notwithstanding the above, this authority may be limited by Broker at any time either verbally or in writing. In the event this grant of authority set forth herein is in conflict with Broker’s office policy manual, the manual shall control.

7. Notices.A. All Notices Must Be in Writing. All notices, including but not limited to offers, counteroffers, acceptances, amendments, demands,

notices of termination and other notices, re uired or permi ed hereunder shall be in writing, signed by the party giving the notice.B. Method of Delivery of Notice. Sub ect to limitations and conditions set forth herein, notices may only be delivered: (1) in person; (2)

by an overnight delivery service, prepaid; (3) by facsimile transmission (FA ); ( ) by registered or certified . S. mail, pre-paid, return receipt re uested; or (5) by e-mail.

C. When Notice is Received. Except as may be provided herein, a notice shall not be deemed to be given, delivered or received until it is actually received. Notwithstanding the above, a notice sent by FA shall be deemed to be received by the party to whom it was sent as of the date and time it is transmi ed provided that the sending FA produces a wri en confirmation showing the correct date and the time of the transmission and the telephone number referenced herein to which the notice should have been sent. Additionally, if a party sending a notice by e-mail receives an automatic reply indicating that the e-mail has been opened ( Read Receipt ), the e-mail notice shall be deemed to be received at that time.

8. Waiver. A party’s failure to strictly enforce this Agreement or any of its provisions or any default hereunder shall not be construed as or operate as a waiver of such party’s right to demand strict performance of this or any provision or any default under this Agreement.

9. Assignment. This Agreement may not be assigned in whole or in part by the Licensee, except upon Broker’s prior wri en consent. This Agreement may be assigned in whole or in part by Broker to any successor to its business.

10. Agreements and Amendments. Other than Broker’s Policy Manual, as the same may be changed from time to time, this Agreement is the sole and entire agreement between the parties with relation to the sub ect ma er hereof and supersedes any previous agreement or understanding, whether verbal or otherwise. This Agreement may not be amended, altered or modified except in writing signed by all the parties to this Agreement.

11. Legal Construction. This Agreement may be signed in multiple counterparts and shall be interpreted in accordance with the laws of the State of Georgia. If any portion or provision of this Agreement is deemed invalid or void at law, this Agreement shall be construed as though such portion or provision had not been inserted and the remainder of this Agreement shall remain in full force and effect. Time is of the essence of this Agreement. All exhibits referenced in this Agreement are incorporated herein. No provision in this Agreement shall be interpreted more or less favorably against a party by virtue of who dra ed the provision.

12. Real Estate Teams. The Broker does or does not consent to Licensee having a Real Estate team or being a member of a Real Estate team. If does is marked above the parties will enter into the Agreement for Licensee se of a Real Estate Assistant. Notwithstanding any provision to the contrary contained herein, if Licensee works with one or more other licensees of Broker as part of a real estate brokerage team, Licensees shall enter into a wri en agreement with the other members of the team (and maintain with the Broker a current copy of the same) addressing, among other things; (1) How Broker is to pay the team its share of commissions on real estate transactions involving the team; and (2) How such payments will be affected if licensees are added to or leave the team or if the team stops operating together as a team. Broker shall be the sole and final arbiter of any and all disputes arising between current and former team members regarding: (1) their entitlement to commissions; and (2) the meaning of any wri en agreement between team members dealing with uestions of how Broker is to compensate current or former team members for their share of commissions earned.

13. Corporations. The Broker does or does not consent to Licensee having a personal corporation for the operation of the Licensee’s real estate business. If does box is checked above, then the parties will enter into the Amendment to Independent Contractor Agreement to Provide for Payment of Commission to Corporation.

14. Out of State License. The Broker does or does not consent to Licensee having a Real Estate License with a different Broker in another State. If does box is checked above, the parties will enter into the Agreement between Licensee, Georgia Broker and Out-of State Broker.

15. Agent Rental Property.A. Broker does or does not consent to Licensee owning any interest (whether as an individual, in a corporation, partnership, LLC, or

Trust) in rental property in this State or any State, Territory or Possession of the nited States. If does box is checked above, Licensee will provide Broker a wri en list of all such property and give Broker wri en notice prior to ac uiring any additional property.


B. Broker does or does not consent to Licensee Managing Property owned Solely by Licensee (no unlicensed co-owners including spouses or family, and property not owned as a Corporation, Partnership, LLC, or Trust). If does box is checked above, Licensee must manage the property utili ing the Licensees own resources the Licensee may not utili e the Facilities, E uipment or Staff or the Broker.

C. Broker does or does not consent to Licensee having a personal Escrow Account. If does is marked Licensee must register the account with the Georgia Real Estate Commission. Licensee must maintain the bookkeeping system re uired of the Georgia Real Estate Commission. Licensee must reconcile the account by providing the Broker a copy of the bank statement along with a wri en reconciliation statement at least uarterly.

16. Performance of Settlement Services Other Than Real Estate Brokerage Services. Licensee agrees not to perform any se lement services other than real estate brokerage services in any real estate transaction without the prior wri en consent of Broker. Licensee further agrees not to accept anything of value for the referral of se lement services business, other than real estate brokerage services, in any residential real estate transaction covered by the Real Estate Se lement Procedures Act ( RESPA ) 12 .S.C. 2601 et. se . Se lement Services shall have the same meaning as that term is defined under RESPA.

17. Intellectual Property. Licensee acknowledges that Broker owns all intellectual property rights to Broker’s name and all variations of Broker’s name (including, but not limited to, all trade names) and all logos, symbols, trademarks and service marks associated with the business of Broker. Licensee will not register or seek to legally protect any trademarks, service marks, Internet domain names or other names, symbols or marks associated with the business of Broker or which include the name of Broker. Licensee hereby transfers, conveys and assigns to Broker any trademarks, service marks, Internet domain names or other names, symbols or marks associated with the business of Broker or which include the name of Broker.

18. Copyright Protection. All materials produced by Licensee in performing real estate brokerage activities during the term of this Agreement including without limitation wri en text, photographs, audio, music video and digital images shall constitute works made for hire and all rights in them shall be the property of Broker.

SPECIAL STIPULATIONS: The following Special Stipulations, if conflicting with any preceding paragraph, shall control:

Additional Special Stipulations are or are not attached.


Exhibits: Independent Contractors AgreementExhibit “B” Listing Policy and Procedures A achedExhibit “C” Acknowledgement of Policy and Procedure Manual a ached, Manual a ached by reference

The Undersigned licensee, brokers and Real Estate Firms agree to abide by the following:1. All balances owed to broker shall be paid in full before licensee leaves company. Any outstanding fees owed to broker will be deducted

from commissions.

2. Agent agrees not to violate ANY GA Real Estate Licensing laws or regulations which include but not limited to the below GREC laws with fines. Agent also understands that in many cases the GREC many also suspend agents license (in addition to charging below fines) if a law is violated.

3. If broker determines that an agent has commi ed any of the above gross negligences then broker (at brokers discretion) may also charge agent the same above GREC mentioned fines.

. Since the broker owners of Virtual Properties Realty Inc., Virtual Properties Plus Inc., and Virtual Properties.net, LLC are all owned by the same owners this Independent Contractors Agreement will apply to agents belonging to all three companies.

Licensee agrees to abide by the company Policy & Procedures (displayed on the back office agent site), acknowledges that the company Policy & Procedures may change from time to time, and agrees to review company Policy & Procedures monthly for any changes and additions.

Licensee’s signature Date

Print name License #

Broker(s) signature Date

License #(s)

Company name and license #

Virtual Properties Realty.COM Inc. – H-31589 Virtual Properties Realty.NET LLC. – H-62748 Virtual Properties Plus INC. – H45477

• Up to $800 in fines for failure of licensee earnest money, security deposits, or other trust funds as directed in contract. GREC contract states trust funds must be deposited within 5 business days. • Up to $800 in fines for disbursing trust funds without the expressed agreement of all parties or as agreed in the contract. • Up to $600 in fines for not turning over to the broker all earnest money in time or as agreed to in the contract. If agent does not have earnest money in hand when the contract is signed by buyer then agent must write into special stipulations the date buyer will give the earnest money to broker. • Up to $500 in fines for not including financing terms when contract has a financing contingency. • Up to $600 in fines for failure to PROMPTLY provide copy of an agreement to those signing the agreement. • Up to $600 in fines for not notifying broker in writing of personal real estate dealings. • Up to $600 in fines for not including the CORRECT earnest money, security deposit or terms in the contract. • Up to $600 in fines for paying a non licensee in GA (or other state) a commission or referral fee for any real estate brokerage services. • Up to $600 in fines for advertising not approved by broker including: signs, website, internet, business cards, postcards, flyers, Craigslist, etc... • Up to $600 in fines for NOT disclosing that you are a licensed GA real estate agent in any contracts or advertising. • Up to $600 in fines for conducting real estate brokerage activity a er agent’s license has lapsed. • Up to $600 in fines for failure of licensee to notify the commission of the final disposition of any administrative, civil, or criminal action within ten days of the conclusion of court or administrative proceedings. • Up to $600 in fines for failure of a transferring sales person or associate broker to account for or to return to the releasing broker all items belonging to broker. • Up to $600 in fines for failure of licensee to leave a listing agreement with seller or to exclude a fixed expiration date on the listing.


POLICIES & PROCEDURES MANUAL FOR VIRTUAL PROPERTIES REALTY .COM, .NET & .BIZEXHIBIT C

Please sign & return this page only

1) EQUAL OPPORTUNITY2) SEXUAL & UNLAWFUL HARASSMENT3) BROKER SUPERVISION4) PROFESSIONAL STANDARDS5) ANTITRUST COMPLIANCE6) CONFIDENTIAL INFORMATION7) ASSOCIATE BROKERS & SALESPERSON8) STANDARDS OF CONDUCT9) USE OF ALCOHOLIC BEVERAGES & DRUGS10) ABILITY TO BIND COMPANY11) COMPENSATION12) TERMINATION OF PERSONNEL13) SALES AND ADMINISTRATIVE MEETINGS14) ADVERTISING15) FAIR HOUSING16) LEAD BASED PAINT17) HANDLING EARNEST MONEY18) EARNEST MONEY DEPOSIT19) DISBURSEMENT OF EARNEST MONEY DEPOSITS20) LISTING POLICY21) HANDLING OFFERS AND COUNTEROFFERS22) DEPOSITS23) COOPERATION WITH OTHER BROKERS24) REFERRAL POLICY25) ARBITRATION OF DISPUTES26) DISPUTES WITH OUTSIDE PARTIES (IF APPLICABLE)27) RESPONSIBILITY FOR REPORTING CASH PAYMENTS OVER

$10,00028) AUTOMOBILE INSURANCE29) FEES AND DUES

30) RECOMMENDATION TO PURCHASER FOR TITLE EVIDENCE31) RECOMMENDATIONS FOR OTHER PROFESSIONAL ADVICE &

OUTSIDE SERVICES32) AGENCY RESPONSIBILITIES33 A) HANDLING OF CLIENT AND CUSTOMER COMPLAINTS33 B) ACQUIRING INTERESTS IN LISTED PROPERTIES34) DISCLOSURE OF MATERIAL FACTS35) USE OF SELLER’S DISCLOSURE STATEMENTS36) CLOSING PROCEDURES37) CORRESPONDENCE38) ERRORS AND OMISSIONS INSURANCE39) OTHER LICENSES OF COMPANY OR ITS PERSONNEL40) FEDERAL DO NOT CALL LIST COMPLIANCE41) SUPPORT PERSONNEL FOR LICENSEES42) BRRETA COMPLIANCE43) MORTGAGE FRAUD44) REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA)45) DRESS CODE46) OFFICE HOURS, HOLIDAYS & VACATIONS (IF APPLICABLE)47) OFFICE EQUIPMENT AND SUPPLIES48) BUILDING USE49) SEXUAL & UNLAWFUL HARASSMENT50) WORK PLACE VIOLENCE51) IMPOSING FINES52) PROPERTY MANAGEMENT53) N/A54) AGENT-OWNED RENTAL PROPERTY55) AMENDMENT OF 2/27/0856) LICENSEE ACTING AS A PRINCIPLE57) CHECKLIST FOR LICENSEES OWNING RENTAL PROPERTY58) AMENDMENTS, ADDITIONS & UPDATES

The undersigned acknowledges that he/she has located and read the most recent version of VPR’s Policies & Procedures anual (available at virtualpropertiesrealty.com policies) and agrees to abide by its terms, including all amendments, additions & updates which may be adopted from time to time.

VPR’s Policies & Procedures Manual is available online at virtualpropertiesrealty.com/policies. Please visit this link and make note of the Version Number listed at the top of the website page. You will write this number below in order to confirm viewing. If you experience any technical difficulties, please email contact vpradmin.com for help. Alternatively, call 0- 95-5050.

Print Licensee’s Name

Licensee’s Signature Today’s Date

GA Real Estate License # Version Number (see below for help)

Find the current Version Number at virtualpropertiesrealty.com/policies

Credit Card Authorization Form

I, the undersigned, hereby authori e Virtual Properties Realty.com, Virtual Properties Realty.net, or Virtual Properties Realty.bi to charge the credit card listed below on the 5th day of each month for my monthly office bill. I understand that I will continue to receive my invoice each month and will have until the th day each month to dispute any personal charge to my bill. This credit card authori ation will remain in effect until revoked (in writing) by me. I NDERSTAND THAT IT IS MY RESPONSIBILITY TO PDATE VPR OF ANY CHANGE IN THE CREDIT CARD INFORMATION THEY HAVE ON FILE.

Name on Credit Card:

Credit Card Number:

Expiration Date: Phone Number:

Authori ed Signature Date

Virtual Properties Plus (DBA Virtual Properties Realty.bi ) will not be chargedfor monthly fees because there is only one charge of $9 .00 per year.

Please fax to 770-622-5056

e accept Visa, Mastercard, Discover & American Express

Broker Information:

COMPANY NAME: __________________________________________________________________

COMPANY ADDRESS: _______________________________________________________________

_______________________________________________________________

COMPANY PHONE #: _________________________ BROKER CODE: ______________________

1. Please mark requested roster change below: 2. Select member type:

ADD/TRANSFER AGENT

REMOVE SECRETARY

UPDATE INFORMATION APPRAISER*

Agent Information:

NAME: ____________________________________________________________________________

LICENSE NUMBER: _____________________

HOME ADDRESS: __________________________________________________________________

__________________________________________________________________

CONTACT NUMBER 1: ____________________ CONTACT NUMBER 2: ____________________

EMAIL ADDRESS: __________________________________________________________________

Should agent’s GAMLS services such as Bellsouth Internet be added as well? YES NO

Broker’s Signature _________________________________________________________________

MEMBER ADD/CHANGE FORM

Please fax back to (770) 938-5660

*New or reactivated appraiserswill be charged a $50.00activation fee.

Street Address

City State Zip Code

Street Address

City State Zip Code

jk081607

Computer User Form # 120

First name

Select Access Level (All access levels have search capabilities)

OR AG - Reports. No Add/Edit

SA - Reports w/ personal Add/Edit

OM - Broker reports w/ office Add/Edit

BR - Broker reports w/ office & branch Add/Edit

Co - Access reports across branches

If Agent If Office Staff

Member Information (Information of member to be added, updated, transferred or deleted)

Last name Real Estate License Number

Agent phone Agent cell Agent fax

E-mail address (Required) Web site

Company Information

Broker code Company name

Broker Signature or his/her Designee Form submitted by Contact number

Fax to (678) 904-0444 or e-mail to [email protected]

New username and password will be sent to the office email on file

FMLS login name (Please leave blank if you are a new user)

In order to stay active users must log into Fusion every two months

Add User Update UserTransfer User Delete User

Select One:

This form can be downloaded & printed directly from www.FMLS.com - PRINT on DemandRev. 5/20/12

2nd E-mail address 2nd Web site

application1. obliga ons of licensee. licensee covenants and agrees to: a. work diligently to sell,...

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