What portion of its Referral Fee will IIC pay to my Favorite Charity? (How much of the commission does that equal?)
We will pay at least 70% of the Referral Fee that we receive in connection with your registered transaction to your Favorite Charity, as a Charity Support Payment. We will retain 30% of the Referral Fee to cover our operating costs, and to pay Introduction Fees to any Introducing Charity with respect to your transaction (discussed below). As IIC grows, we intend to increase the percentage of Referral Fees that we pay out as Charity Support Payments. 70% of the referral fee equates to approximately 18% of the commission that either the seller’s broker or the buyer’s broker will receive if both the buyer and seller have a broker. Even if there is a single broker, IIC will pay out as a Charity Support Payment at least 70% of its referral fee. Although in that situation, the percentage of the total commission may be other than 18%.