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Revenue Share FAQ

Program Details

The Place Revenue Partnership Program rewards agents and employees who recruit new agents to Place Teams.

  • Eligibility: Agents qualify after closing 12 transactions. Employees qualify after 12 months of employment with Place. Both groups must meet their respective threshold before being designated a Revenue Partner.
  • Revenue Partner Designation: Revenue Partners must be formally identified in a signed Independent Contractor Agreement (ICA) before the designation takes effect. The recruiting agent or employee and Place must both execute this agreement.
  • Payments: Revenue Partners receive 1% of the recruited agent's gross commission income annually.
  • Tracking: Revenue Partners and team Operators can monitor their earnings and recruited agents' productivity through the Place Financials Dashboard.
  • Termination: Partnerships end if either party leaves Place or if the program is discontinued.
  • Taxes: Revenue Partners are responsible for reporting and paying taxes on all program payments. Place will issue a Form 1099-NEC for payments made during the calendar year.
  • Voluntary: Participation is voluntary and designations are final once made.

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