Effective Date: May 22, 2024
PLEASE REVIEW THESE TERMS CAREFULLY. BY SUBMITTING A LEVER PLATFORM ORDER FORM, JOINING LEVER OR OTHERWISE USING THE LEVER SERVICES, YOU ACCEPT THESE TERMS. ONCE ACCEPTED BY YOU, THESE TERMS BECOME A BINDING LEGAL COMMITMENT BETWEEN YOU AND LEVER. IF YOU DO NOT AGREE TO BE BOUND BY THESE TERMS, YOU SHOULD NOT: (i) SUBMIT A LEVER PLATFORM ORDER FORM, (ii) JOIN LEVER, OR (iv) USE THE LEVER SERVICES.
RECEIPT BY A LEVER AGENT OF LEADS OR REFERRALS FROM OJO HOME LLC ARE SUBJECT TO (1) THE MOVOTO SELECT NETWORK STANDARD TERMS AND CONDITIONS WHICH ARE EXPRESSLY INCORPORATED INTO THESE TERMS; AND (2) YOUR SUPERVISING BROKER ACKNOWLEDGING AND AGREEING TO BE BOUND BY THE MOVOTO SELECT NETWORK STANDARD TERMS AND CONDITIONS (WHICH CONSTITUTES A COOPERATIVE BROKERAGE REFERRAL AGREEMENT BETWEEN OJO HOME LLC AND YOUR BROKER PURSUANT TO 12 U.S.C. §2607(c)(3) AND 12 CFR § 1024.14(g)(1)(v).
Business Growth and Development Commitments
Customer Service Commitments
Lead Generation and Management Commitments
Specific lead generation platforms may also require minimum conversion standards. In the event these requirements are not met, you will be eligible (at your Lever’s Practice Manager’s discretion) to continue to participate in other areas of Lever support without access to lead generation.
Lever reserves the right to fit the marketing effort and third-party expenses on any listings to match the expected Transaction Fees to be received by Lever in the particular Transaction (such as a land or mobile home transactions).
Alternatively, if you choose not to have Lever manage your current CRM/database as of the date you join Lever, you will still have access to Lever marketing assets, but you will be responsible for sending all marketing campaigns and touch plans to your own database.
(i) Subscription Fees. For purposes of the Subscription Fee, you authorize Lever to automatically charge your payment method (as may be updated by you from time to time) periodically for each subscription or billing period until the Lever Services are terminated in accordance with this Agreement. By authorizing recurring payments, you authorize Lever to process such payments as either electronic debits or fund transfers, or as electronic drafts from the designated bank account (in the case of Automated Clearing House or similar debits), as charges to the designated card account (in the case of credit card, debit card, or similar payments) (collectively, “Electronic Payments”). Customer is responsible for any merchant service transaction processing fees. If any payment is returned unpaid or if any credit card, debit card, or similar transaction is rejected or denied, Lever or its service providers reserve the right to collect any applicable return item, rejection or insufficient funds fee to the maximum extent permitted by applicable law and to process any such fees as an Electronic Payment or to invoice you for the amount due;
(ii) Transaction Fees. As compensation for Lever’s providing the Lever Services to Participating Agent, in the event that any Participating Agent client (“Client”) (i) closes on the purchase, sale, purchase and sale or lease of residential real estate during the Term or (ii) enters into a contract for the purchase, sale, purchase and sale or lease of residential real estate during the Term, even if such closing occurs after the end of the Term (a “Transaction”), then Participating Agent will pay to Lever a fee (the “Transaction Fee”) equal to the Transaction Fee Percentage (as defined below) of the Gross Commissions (as defined below) on all such Transactions. Also for the avoidance of doubt: (a) a single closed real estate transaction can include both the buy-side and sell-side, and in such cases the Transaction Fee shall be due and payable from each side of a Transaction. “Gross Commission” is the gross amount that your broker/brokerage is eligible to receive from a Participating Agent client’s Transaction as stated in the closing statement or lease agreement(s) for such Transaction, including any bonuses paid to an agent for client-side real estate brokerage services and real estate agency services of any and all real estate transactions (including subsequent lease commissions on a property purchased or sold); provided that, if you close a Transaction via a referral to you where you owe a referral fee to a third-party, Gross Commission will be reduced by such third-party referral fee. The “Transaction Fee Percentage” is 20%; provided, that, the Transaction Fee Percentage shall be reduced if Participating Agent achieves, in a 12-month period, either of the following (a) transaction number or (b) transaction volume (based on closing price) targets:
* Transaction number excludes land, mobile home and lease transactions.
The Transaction Fee owed to Lever from closed real estate transactions will be included as a Transaction Fee on the Closing Statement for each such closed real estate transaction (buy-side, sell-side, both sides, land and lease transactions) and paid directly from the closing table by the title company or other person or entity handling the closing of the applicable real estate transaction. If you receive a referral fee from a referral that you make to another agent, you will not owe a Transaction Fee to Lever from such referral (and such transaction will not count toward any reduced Transaction Fee Percentage.; and
(iii) Referral Fees. Referral Fees owed to Movoto pursuant to Referrals received by you from Movoto will be subject to the Movoto Standard Terms and Conditions and its applicable fees and payment terms. If a Referral Fee is paid to Movoto with respect to a closed real estate transaction side, no Transaction Fee for such closed real estate transaction side will be owed to Lever.
Lever may recoup any unpaid or past due Subscription Fees, Transaction Fees or Referral Fees from any closed real estate transaction in addition to the Fees owed to Lever for such closed real estate transaction.
You acknowledge and agree that you are responsible for the full amount of applicable Fees, plus any applicable taxes, for each billing period during the Term, even if you do not use the Lever Services during the billing period or use the Lever Services for only a portion of the billing period. Lever reserves the right to cease Lever Services or to suspend or terminate your Lever Membership if you are not in good standing or have any outstanding amount of Fees overdue.
(1) the date of the referred agent’s application for Lever Membership;
(2) the last day of the calendar quarter in question, and
(3) the date that the Quarterly Referral Bonus for a prior calendar quarter is to be paid to you.
A “Qualified Transaction” must be:
(1) a residential buy-side or sell-side transaction (land and rentals/leases are excluded and dual agency representation shall only count as one transaction);
(2) generated by your Referred Agent who is also a Lever member in Good Standing.
(3) that closes in the applicable calendar quarter; and
(4) Lever has received its Transaction Fee from such transaction.
A transaction may only be counted as a Qualified Transaction by one Lever member; provided that if a Referred Agent represents the buyer and another Referred Agent represents the seller, each may count as a Qualified Transaction by the referring member. Any determinations regarding whether a Lever Member is in Good Standing and/or whether a transaction is a Qualified Transaction shall be made by Lever in its sole discretion.
OJO Home LLC (dba Lever by Movoto)
1007 S Congress
Building 9, Suite 400
Austin, Texas 78704
Attn: Legal Department
You may change your address for notices by sending a change of address notice using this notice procedure.
Without limitation, Lever makes no warranty that the Lever Tools and/or the Lever Services or use thereof will: (a) meet your or any other person’s requirements, (b) operate without interruption, achieve any intended result, (c) be compatible or work with any software, system, or other services, or (c) be secure accurate, complete, free of harmful code, or error free. Without limiting the foregoing, Lever makes no guarantee regarding positioning, levels, quantity, quality, or timing of: (i) availability and delivery of any leads; (ii) lead quality; (iii) lead volume; or (iv) conversions or other results for any subscription.
(i) Lever shall indemnify, defend, and hold harmless Participating Agent from and against any and all losses, damages, liabilities, costs (including reasonable attorneys’ fees) (“Losses”) incurred by Participating Agent resulting from any third-party claim, third-party suit, third-party action, or third-party proceeding (“Third-Party Claim”) that the Lever Services or any use of the Lever Services in accordance with this Agreement, infringes or mis-appropriates such third party’s US intellectual property rights, provided that Participating Agent promptly notifies Lever in writing of such Third-Party Claim, cooperates with Lever, and allows Lever sole authority to control the defense and settlement of such Third-Party Claim.
(ii) If a Third Party-Claim is made or appears possible, Participating Agent agrees to permit Lever, at Lever’s sole discretion, to (A) modify or replace the Lever Tools and/or Lever Services, or component or part thereof, to make it non-infringing, or (B) obtain the right for Participating Agent to continue use the Lever Tools and/or Lever Services. If Lever determines that neither alternative is reasonably available, Lever may terminate this Agreement, in its entirety or with respect to the affected component or part, effective immediately on written notice to Participating Agent.
(iii) This Section 11(a) will not apply to the extent that the alleged infringement arises from: (A) use of the the Lever Tools and/or Lever Services in combination with data, software, hardware, equipment, or technology not provided by Lever or authorized by Lever in writing; (B) modifications to the Lever Tools and/or Lever Services not made by Lever; (C) any customer created content (“Customer Content”); or (D) any third-party products.