What affidavit must a retiring Exit Associate sign to continue receiving Sponsoring Bonuses?

According to Exit's 2025 Franchise Disclosure Document, an Exit Associate who wishes to retire from the real estate business entirely can continue to receive Sponsoring Bonuses by signing a specific affidavit. This affidavit must state that the retiring Exit Associate will not work in any capacity for a competing real estate company.

Upon retirement, the Exit Associate will remain affiliated with Exit under the umbrella of the Franchise or Subfranchise that previously held their license or contract, but only with the approval of the Franchisee or Subfranchise. This ensures that even in retirement, the Exit Associate maintains a connection to the Exit system, and the Franchisee or Subfranchise has oversight.

It's important to note that if an Exit Associate transitions to part-time or retires, the Sponsoring Bonuses they receive will be reduced from 10% to 7% of the gross commissions generated by their recruits, with a maximum of $7,000 per recruit per calendar year, less Sponsoring Bonus Fees. The remaining 3% is allocated to the 'primary role' Franchise or Subfranchise associated with the Sponsor at the time of retirement. This reduction in bonus should be carefully considered when planning for retirement within the Exit system.