About the Change as a Result of the NAR Settlement
We value our Realtor and Broker/Agent partners and will continue to cooperate with the brokerage community. At ICI Homes, the only part of our cooperating broker policy that has changed as a result of the NAR Settlement is that your customer will be asked to confirm whether they do or do not have a Buyer Broker Agreement with their Broker/Agent at the initial in-person visit.
All other requirements to properly register your prospect remain exactly the same. In addition to paying promotional incentives from time to time, ICI Homes will continue to pay up to 3% of the original purchase price adjusted for published exclusions just as we have previously done. Please see our terms and conditions for any additional questions. Please see our terms and conditions for any additional questions.
Top 5 Questions about ICI Homes Broker/Agent Participation Program
- How am I paid? If you properly register your prospect, your compensation will be paid within three weeks of slab pour on a new build, or at closing on an inventory home that is past slab.
- How do I register my prospect? Accompany your prospect to initial visit in person and have your customer confirm whether or not they have a Buyer/Broker agreement with you. If we don't already know you are working with your customer and they come to our sales office without you, we will not be able to register you after the fact.
- What documentation do I have to protect myself? We will electronically send you a Registration Agreement, effective the day of your prospect’s initial visit. You need to review and “accept” the Registration Agreement within 7 days. If you fail to accept the Registration Agreement within 7 days of initial visit, the Registration Agreement and the protection it provides are programmatically voided and deemed invalid as of the 8th day.
- How long am I protected? You will be protected for 60 days starting from the initial visit date. You can request an extension at any time during the last 30 days of your active protection.
- What if I can’t make the initial visit? You can pre-register your prospect by phone or in person by supplying prospect's name, contact information, and visit date & time. As long as you come by the sales office in person before, during or no later than one calendar day after your prospect's initial visit, you will be protected.