In the event an agent is doing unlawful acts, the Principal Broker of RMA will terminate with cause and report immediately to FSCO the conduct of the agent which will forbid the agent to work in the mortgage industry.
In the event of termination of a RMA senior agent or broker account, all outstanding mortgage files that have closed must be sent in to Head Office with in 7 days.
RMA will allow access to Filogix Expert for completion of any files in progress for 30 days. Credit Bureau access will be terminated immediately.
All outstanding commissions payable after the effective termination date will be paid out at a 90/10 spilt (90 percent to the senior agent or broker).
All outstanding expenses including Credit Bureau and licensing fees etc. will be deducted as they are presented to RMA from the respective suppliers.
All business cards, websites, yellow pages or any form of advertising promoting the association of the agent with Real Mortgage Associates Inc. must be shredded or cancelled immediately.
