<div class="postie-post"><div dir="ltr">Good Morning All,  below are the latest changes to the Lantern Independent Contractor Agreement. <b><i><font size="4">These changes take effect immediately</font></i></b>.  This is your notice of receipt. <div><br></div><div><div dir="auto" style="color:rgb(0,0,0)">1. As a PB, you must charge a minimum of 2.5% commission on the listing side. If you choose to offer any credits to your client, the 80/20 split will be calculated off the original sales price/commission BEFORE the credit to client is deducted. ***The reason for this change is due to the liability the firm takes on for a newly licensed agent.***</div><div dir="auto" style="color:rgb(0,0,0)"><br></div><div dir="auto" style="color:rgb(0,0,0)">2. All commercial transactions will be paid on a 90/10 split. ***This change is due to the liability and more costly expenses incurred by the firm for engaging in commercial transactions.***</div><div dir="auto" style="color:rgb(0,0,0)"><br></div><div dir="auto" style="color:rgb(0,0,0)">3. <span style="font-family:"Times New Roman","Times New Roman_EmbeddedFont","Times New Roman_MSFontService",serif;font-size:15.3333px;white-space:pre-wrap">Example: If an action is brought against LRD and/or the agent, the agent will be responsible for 100% of the defense and/ or settlement costs against themselves and the firm that are not covered by LRD’s E&amp;O policy.</span></div><div><br></div></div>