IT IS THE ASSOCIATE’S RESPONSIBILITY TO ENSURE THAT HIS/HER SPONSOR IS PROPERLY CORRECTED WITHIN THIS TIME FRAME. IF THE ERROR IS NOT NOTED AND CORRECTED WITHIN 90 DAYS OF ASSOCIATE’S START DATE*, THEN THE SPONSOR, AS ENTERED INTO THE MORE SYSTEM, WILL REMAIN UNCHANGED.
* For an Associate that joins Keller Williams Realty as part of a new Market Center launch, the 90-day grace period begins on the first day of the month that the new Market Center transmits for the first time.
C. CHANGE OF SPONSORSHIP AFTER AN ABSENCE OF 9 MONTHS OR LONGER
(WHEN RETURNING TO ORIGINAL MARKET CENTER OR JOINING ANOTHER) (Non-Vested) (Section 4,
Policies and Guidelines Manual)
Individuals moving from one Keller Williams Realty location to another, individuals who go to work as an assistant or member of another associate’s team or group and individuals who leave Keller Williams Realty for a period of time and later return, all keep their original sponsors - unless they are away from the Keller Williams organization and removed from the Keller Williams Profit Share System for at least nine (9) months. Upon return, provided they were not vested at the time of departure, they may choose a new Permanent Sponsor only after the minimum 9-month period of absence.
4. Online Confirmation of Sponsor
The undersigned Associate acknowledges that an online confirmation of his or her Permanent Sponsor is required. The purpose of the Online Confirmation of Sponsor is for the Associate to confirm that a clerical error was not made in the input of the Permanent Sponsor.
5. Associate Affirmations
I understand that Keller Williams Realty, Inc. and its authorized representatives (“KWRI”) have no financial interest in my designation of a Sponsor and that, in recording my Sponsor’s name, KWRI merely follows my instructions.
I understand that I will have no vested interest as a sponsor of any other Keller Williams Realty associate unless and until that person properly designates me as his or her sponsor in accordance with Keller Williams Realty policies and procedures.
I understand that, except for a per distribution Real Estate Associates Tracking System (RATS) fee for the administration of the Profit Sharing program or the Growth Share Management ("GSM") fee collected for the administration of the Growth Share Program, KWW or KWRI does not receive any part of a Market Center’s Profit Sharing or Growth Sharing contributions and does not otherwise share in or benefit financially from Profit Sharing or Growth Sharing contributions.
Duty to not compete: I specifically acknowledge and agree that I forfeit my opportunity to continue to participate in and receive any benefit from the Profit Share program by competing with Keller Williams Realty brokerages through the following actions:
1. Affiliating with any non-Keller Williams real estate brokerage company; or
2. Directly or indirectly inducing any individual retained as an Associate, staff member or owner of any Keller Williams brokerage to leave the Keller Williams brokerage or affiliate with a non-Keller Williams brokerage.
On the basis of these understandings and their consequences, I voluntarily waive and relinquish any claims I may have against KWRI and KWW on account of any disagreement over the designation of my Permanent Sponsor or my status as the sponsor of another participant in the Profit Sharing and Growth Sharing programs, except in cases based on my good faith belief that KWRI or KWW has acted with actual malice toward me or in willful for my rights.