MENTOR PROGRAM
EXPECTATIONS & AGREEMENT WHO IS A MENTOR: A mentor is an associate who is knowledgeable, experienced and willing to help the new Agent (“Agent”)? This person is not necessarily a trained professional coach but is an active producing associate who is willing to provide support as a mentor. A mentor is a guide supporting the new associate during their initial transactional experiences as a real estate agent. As a participant in the KW Park City Keller Williams Real Estate (KWPC) Mentor Program I understand that I have elected to be a Mentor and am willing to share my knowledge, experience, and time to assist as the a new Agent in the capacity as either a co-listing agent working with a seller, or a co-buying agent working with a buyer.
AS A MENTOR, I UNDERSTAND AND AGREE TO THE FOLLOWING: • Commit and participate in the Mentor Program for a minimum of 1 year or after 3 transactions are consummated with the Agent, whichever occurs first. • Accept or decline an invitation within 24 hours when contacted by a participating New Agent inviting me to consider becoming their Mentor. • Complete and sign Mentor Program Agreement prior to engaging with the New Agent in any listing agreement, buyer-broker agency agreement or REPC which will be applicable to the Agent’s first three (3) transactions after executing the Program Agreement. • Accept the referral fee associated with the transaction I will be mentoring, as follows: The Mentor will receive from the Agent 35% of the first transaction side, 30% of the second transaction side and 25% of the third and final transaction side. • Accept that any Seller or Buyer clients leads will be generated and retained by the Agent. • Supervising the Agent for completion of (a) Exclusive Right to Sell Listing Agreements; (b) Buyer-Broker Agency Agreements; (c) Real Estate Purchase Contracts (REPC’s); (d) MLS data input forms; (e) creation of specific KW Dot Loop files. • Report regularly regarding transactional progress with the New Associate to either the KWPCRE CEO or Principal Broker. • Fulfill the duration of my obligation as the Mentor for three (3) transactions following the execution of this Agreement, or one year, whichever comes first. _________________________________________________________________________________________ Mentor Date
__________________________________________________________________________________________ CEO or Principal Broker Date