18.1 Grounds for Termination #

Your association with the Company can be terminated by either party, with or without cause, at any time upon written notice given to the other party.

Termination for cause could result from any violation of Company policies, the MLS rules, the NAR Code of Ethics, any conviction of any illegal act, any violation of the Real Estate License Law, or any dishonest or unethical act.

18.2 Associate’s Compensation on Termination #

If this Agreement is terminated while you have any listings or pending transactions that require further work normally rendered by you, your Manager will make arrangements with another salesperson or salespersons in the Company to perform the required work. The licensee performing the work shall be reasonably compensated for completing work on those listings or transactions; such reasonable compensation shall be deducted from your share of the compensation. Except for such offset and other expenses, you shall receive the compensation due as specified above.

18.3 Listings #

Listings are the property of the Company, even upon your termination. Within 24 hours after notice of termination by either party, you must provide your Manager with a list of all active listings taken by you and all pending transactions in which, if completed, you will be entitled to compensation from the Company in accordance with the terms of your Independent Contractor, or other written, agreement. You specifically agree that you may not contact the sellers of properties where listings were taken by you for the purpose of directly or indirectly soliciting or inducing the client to terminate their listing with the Company.