*TERMS AND CONDITIONS:
Ashby & Graff sales associates are eligible to earn passive income from referring other sales associates to the company through an Agent Referral Program (ARP). Referring sales associates will receive the equivalent of .5% of the recruited sales associate’s net commission income per year on transactions that close during the one-year period following the recruited sales associate’s date of association. At the conclusion of the first year the rate becomes .2% and will continue in perpetuity as long as both referred and referring sales associates remain with Ashby & Graff.
Agents who are on a team do not qualify for ARP participation.
Income from ARP profit sharing payments is included in the referring sales associate’s 1099 taxable earnings statements as miscellaneous income.
ARP profit sharing payments are distributed annually at the end of the month that the refered agent originally joined Ashby & Graff. Each ARP distribution will have a fee of 10% of the gross amount of the distribution, with a maximum of $100.00, deducted. This is an ARP profit sharing calculation and processing fee. Early profit sharing disbursments can be requested. Requests for early profit sharing disbursement should be emailed to accounting@ashbygraff.com Approved requests will incur a 12.5% early disbursement fee with a minimum fee of $25.
Agents must not publish our Referral Program on any sites or platforms that house any Adult Content, Alcohol, Tobacco, Gambling, Games and Online Casinos, Political Content, and any form of illegal activities. Agents must not invite or refer people who are unknown to them.
If Ashby & Graff were to become insolvent or be a debtor in a bankruptcy proceeding, the Agent Referral Program (ARP) would automatically terminate and no further ARP profit sharing payments made. The funds in any ARP account are general assets of Ashby & Graff and are fully subject to the claims of its creditors. The ARP Program may be changed or terminated at any time by the company at its sole discretion.