Brokers

Willard exterior office with views of Washington Monument

 

We’re committed to the brokers who are committed to us. So when you refer a small space client to Carr Workplaces, we want you to get your bonus fast – within 24 hours or less. Our broker program makes it even easier for you to refer your clients and leave the rest to us.

This program means no more waiting. So what are you waiting for?

Email referrals to [email protected] or call us at 1-866-436-9214.



Broker Compensation Policy:

Carr Workplaces welcomes the opportunity to work with brokers.  We actively pursue relationships in the brokerage community to build and maintain mutually beneficial partnerships.  It is our goal to ensure that partnering with us is an easy and pleasant process.  In an effort to simplify the process, we use one form which provides you with clarification on our payment terms, acknowledges you as the procuring broker for a deal, and acts as documentation for us to compensate you for the deal once it is closed. This referral program is exclusive to commercial real estate brokers, residential real estate brokers, and licensed agents in good standing.

Full Office and Virtual Office

The commission will be calculated at 10% of the initial fixed office or virtual office value for the initial service agreement. If the initial term exceeds 12 months, the broker has two options. Option A) the broker will be paid 10% on the first 12 months when the deal closes and then 10% annually on a remaining term, to a maximum of 36 months. Option B) the broker will be paid 4% on the full initial term when the deal closes, up to a maximum of 36 months.

Renewals

Renewals will be calculated at 2% of the fixed office value, provided the agreement is non-renewing, regardless of when they occur (within the 1st 12 months of initial term or thereafter). Carr Workplaces will compensate only the broker from whom the deal originated and actively participated in the renewal. Please note a renewal fee will not be paid on any automatic Agreement renewals.

Expansions

Expansions that occur within the first 12 months of the initial contract period will be calculated at 10% of the fixed office value for the remaining or extended duration of that initial term. Expansions that occur outside of the first 12 months of the initial contract period will be calculated at 2% for the duration of the existing term. Carr Workplaces will compensate only the broker from whom the deal originated and actively participated in the expansion. Expansion commission will only apply to full office deals.

Calculating Full Office Commission

Carr Workplaces offers an all-inclusive price on Full Office Agreements which includes additional services to the value of $350 p/month (on which a commission is not due). Commission is eligible on the office rent only. When calculating the commission owed, $350 p/month will be deducted from the monthly all-inclusive fee. If the deal introduced is a multi-occupant deal, $350 p/month will be deducted from the Monthly Office Charge for each occupant. Commission is not paid on variable services.

Payment

Once a deal is completed (Agreement is signed and initial funds and retainer paid), Carr Workplaces will promptly remit payment. A W-9 will be required from the referring party. We offer same day electronic funds transfer (provided we receive documentation and payment instructions no later than 1pm EST on that business day), or payment by check. We do not require an invoice from you!

Please note, in situations where the start date of the Agreement is in the middle of the month, payment will begin on the first calendat day of the immediately succeeding month.

Registration

We want to make it easy for you! Contact your local representative with your client’s information and Carr Workplaces will take care of the rest. The level of involvement in the deal is up to your discretion. In the event two or more brokers refer a prospect, Carr Workplaces will recognize the broker who submitted the referral first, unless otherwise instructed by the client. In the event the referral comes in through multiple channels, Carr Workplaces will recognize the original referring party.