Realtor Compensation Policy
Terry Covey Custom Homes appreciates the on-going relationship we have with Realtors in Oklahoma. We are eager to assist you in helping your buyers purchase a new home and to compensate you for your work. It is our desire to be fair to both any outside Realtors as well as our own pre-appointed Terry Covey Custom Homes’ Representative in regards to compensation. Listed below is our Realtor Policy for Compensation. Please assist us in reminding your office, colleagues and buyers of this policy.
In order to be listed as the Selling Agent and to receive a commission for the sale of a new home built by Terry Covey Custom Homes, a Selling Agent must do one of these two things:
Be the source of FIRST CONTACT with the buyer to a Terry Covey Custom Home.
Register your buyer in writing prior to his or her first contact with Terry Covey Custom Homes.
For a Realtor to be considered the Selling Agent, the Realtor must bring the person to the house they are interested in or Call the Sales Office at 405-642-8888 and register the Buyer in writing with Jackie Covey (Metro First Realty of Edmond). The registration will cover any new Terry Covey Custom Home for 30 days.
It is a Realtor’s responsibility to inform his/her customers of this policy and to keep in contact with his/her clients. Registration will only last 30 days. If your buyer comes back to purchase a Terry Covey Custom Homes after 30 days have passed and you have not renewed their registration in writing, the Terry Covey Custom Homes’ Representative will then be considered the Selling Agent.