REALTOR® Partner Program

Participation Policy

In order for a participating real estate brokerage to receive a commission in connection with the sale of real property in a Davis Homes community or on an On Your Lot Sale, Davis Homes Broker Participation Policy must be followed.

Definitions

The following words and terms, when used in these Guidelines, shall have the following meanings, unless the context clearly indicates otherwise:

• Davis Homes – Davis Building Group, LLC or any of its assumed business names, including Davis Homes and Regal Custom Homes.
• Davis Homes Representative – A sales associate or officer of Davis Homes, acting on behalf of Davis Homes, to conduct a real estate transaction.
• Broker – The “Participating Broker”, is a licensed real estate broker in the State of Indiana for a real estate brokerage company, who agrees to voluntarily accept these guidelines.
• Agent – The “Participating Agent”, is a licensed real estate broker in the State of Indiana under a “Participating Broker”, who agrees to voluntarily accept these Guidelines.
• Buyer – The “Prospective Buyer”, is a person seeking to purchase a new home and who is introduced to Davis Homes by a Broker/Agent.

Guidelines

1. An Agent who desires to register a Buyer under these Guidelines must register the Buyer using one of the following methods:
   1. Davis Homes Customer Registration Form, or
   2. Electronic Registration: Located at https://www.staging9.davishomes.com/realtors/
2. Davis Homes will not accept a partially completed registration
3. It is the Agent’s responsibility to properly register a Buyer with Davis Homes.
4. Only one registration is required for Davis Homes’ multiple sales
5. Upon completion of one of the registration methods described above, the Buyer will be deemed to be registered with Davis Homes for Davis Homes communities, On Your Lot sales, and Regal Custom Homes sales for a period of sixty (60) days.
6. Agent may extend the registration period for an additional sixty (60) days by accompanying the Buyer to the Davis Homes sales office or a Davis Homes model home, in person, and meeting with a Davis Homes sales representative before the expiration of the initial registration period.
7. A Buyer must identify and register the Agent: (i) when a Buyer first contacts a Davis Homes employee about a home or community; (ii) when a Buyer first discusses or is introduced to a community or home by Davis Homes’ internet sales employees; (iii) when Buyer first visits a community; or (iv) when Buyer first attends a self-guided or virtual tour of a home or community through a Davis Homes provided service.
8. If the Agent is unable to accompany the prospective Buyer on the first visit, the agent must use one of registration methods described above to inform Davis Homes that customer intends to visit the Builder’s model home or
9. Registration, or any extension, does not protect Broker or Agent from another broker or agent registering the same Buyer with Davis. If, during the Registration Period, more than one Broker/Agent registers the same Buyer, the Brokers/Agents agree to hold the Builder harmless from the liability of payment of more than one commission.
10. In the event there is a dispute between Broker as to which Broker should receive compensation for a new construction transaction, the matter will be submitted by either Broker through the MIBOR mediation/arbitration process in accordance with the provisions of the REALTOR® Code of Ethics.
11. In the event there is a dispute between Davis Homes and a Broker, such dispute shall be resolved, first, through mediation and, second, through binding arbitration through The Mediation Group, LLC.
12. A qualifying and registered broker will receive a commission fee of 3% of the net sale price at time of contract (less the lot and site costs). Commission Payment will occur at final closing on a Davis Homes community home or Builder Finance sale. Commission payment on Construction-to-Perm financing will occur at receipt of foundation draw.