*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 1% of the recruited sales associate’s gross 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 .05% and will continue in perpetuity as long as both referred and referring sales associates remain with Ashby & Graff.
Income from ARP profit sharing payments is included in the referring sales associate’s 1099 taxable earnings statements as miscellaneous income.
Ashby & Graff sales associates may choose to receive ARP profit sharing payments monthly or annually. Each ARP distribution will have a fee of 20 percent of the gross amount of the distribution, with a maximum of $20.00, deducted. This is an ARP profit sharing calculation and processing fee.
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 terminated at any time by the company at its sole discretion.