How does Exit remit the monies received in trust from the Sales Representative for fees, dues, or assessments?

According to Exit's 2025 Franchise Disclosure Document, when Exit receives monies from a Sales Representative for real estate board and association fees, dues or assessments, or for personal tax remittance, Exit holds these funds in trust. Exit then remits these monies on the Sales Representative's behalf in a timely manner. This is done by issuing a check to the relevant board, association, or taxation department for the entire amount collected from the Sales Representative.

This arrangement benefits the Sales Representative by ensuring that these payments are handled professionally and accurately. It also relieves the Sales Representative of the administrative burden of making these payments directly. By issuing a check for the entire amount collected, Exit ensures that the full obligation is met, and the Sales Representative remains in good standing with the relevant organizations or tax authorities.

This process underscores Exit's role in supporting its Sales Representatives by managing certain financial transactions on their behalf, ensuring compliance and accuracy in remitting fees, dues, assessments, and tax payments. This service can be a significant advantage for Sales Representatives, allowing them to focus on their core responsibilities of selling real estate.