4.47 Associate Vehicle

Transportation will not be provided by the Company. In the course of real estate transactions, you must use your personal vehicle. All operating, maintenance, repair and other related expenses will be paid for solely by you.

It is the Company’s policy that your automobile will be clean and have a professional appearance in order to reflect well on you and the Company. It will be maintained in a safe operating condition at all times. You shall at all times carry liability insurance on the automobile with coverage for personal injury and property damage. Liability coverage of $100,000 per person/$300,000 per accident is the minimum that should be obtained. Consult carefully with your insurance agent. You must have the Company named as an additional insured in your insurance policy and pay the cost, if any, of that additional coverage. Or you can sign an addendum stating that you won’t be transporting clients in your vehicle. Changes in coverage will not become effective against the Company until fifteen (15) days after the Company has received and approved the coverage changes. At the signing of this agreement and at the time of each policy renewal or change of carrier, you shall provide evidence of insurance to the Company.

Any Associate carrying liability coverage less than $100,000 per person/$300,000 per accident on their automobile may not allow customers or clients in their automobile at any time. Any claim against the Company due to an Associate not carrying liability insurance or not carrying enough liability insurance will be the sole responsibility of the Associate.

Business liability coverage shall also be maintained, possibly as part of Associate’s personal liability or homeowner’s coverage.

In accordance with local, State and Federal law, you must require that all passengers wear a seatbelt and any young child be secured in a car seat or booster. In addition, all young children must be properly secured in the backseat per the local and state guidelines. For more information, see the local and state department or authority of motor vehicles websites.

You should also note that any infant's car seat (children approximately one year or younger) should not face forward, but should face the rear of the vehicle. In addition, children and small adults should not sit in the front passenger seat. Airbags are known to release with such force that injury or death is possible for children and small adults. Local and State laws require that in vehicles equipped with an active passenger-side front air bag, a child less than five years old and less than 40 pounds in weight shall be properly secured in a rear seat (if the vehicle has a rear seat), unless the child restraint system is designed for use with air bags.