AGENT AGREEMENT

This Agreement dated for reference this ____________________.

BETWEEN:

BRX Mortgage Inc. a company duly incorporated under the laws of British Columbia

and extraprovincially registered in relevant provincial jurisdictions as required

with its head office and mailing address located at:

710 Sutherland Avenue,

Kelowna, BC V1Y 5X5

Operating under the name of: BRX Mortgage

(the “Brokerage”)

AND

Name:                          _____________________________________________

(exactly as licensed/registered with relevant provincial mortgage services regulator)

Mailing Address:           _____________________________________________

Phone:                          _____________________________________________

Email:                           _____________________________________________

(the “Agent”)

AND

IF NOT APPLICABLE, THE FOLLOWING SECTION IS TO BE DEEMED EXCLUDED FROM THIS AGREEMENT AND NEED NOT BE COMPLETED:

If the Agent is also licensed/registered as a mortgage broker, the individual/company/partnership’s name exactly as licensed/registered with relevant provincial mortgage services regulator as a mortgage broker:

Name:                          _____________________________________________

(exactly as licensed/registered with relevant provincial mortgage services regulator)

Mailing Address:           _____________________________________________

Phone:                          _____________________________________________

Email:                           _____________________________________________

(the “Mortgage Broker”)

WHEREAS

1. The Agent is, or intends to become, duly registered and licensed in the Province(s) of _____________________________________ to provide brokering services in relation to mortgages and secured loans, including those services as described under the section of this Agreement entitled Duties of Agent (the “Mortgage Services”).
2. If applicable, or intends to become the Mortgage Broker is duly registered and licensed in the Province(s) of _____________________________________ to do business as a mortgage broker.
3. Throughout this Agreement, the Agent, and if applicable, the Mortgage Broker, will be referred to collectively as simply the Agent unless otherwise noted.
4. The Agent intends to operate an independent business for the Agent’s own account as a licensed mortgage professional and wishes to identify the Agent’s business and place the Agent’s professional license regarding Mortgage Services with the Brokerage and use the Brokerage’s name and trademarks in connection with the Agent’s business.
5. Subject to any specific provincial or territorial exceptions and/or requirements, which may be addressed in a province-specific schedule to this Agreement, the Brokerage wishes to allow the Agent to identify the Agent’s business and place the Agent’s professional Mortgage Services license with the Brokerage on the terms and conditions in this Agreement.

In consideration of the mutual covenants and promises contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which is acknowledged by the parties, the Brokerage and the Agent agree as follows:

AGENT COMMISSIONS AND EXPENSES

1. The Agent will receive commissions, and will be responsible to pay fees and expenses, in accordance with the Schedule A: Commission & Fee Schedule as updated from time to time.
2. The Agent is responsible for all expenses related to the provision of Mortgage Services unless otherwise provided in this Agreement. Without limiting the generality of the foregoing, the Agent shall be responsible for:
   1. licensing fees and association dues;
   2. cell phone and internet expenses;
   3. business cards and signage;
   4. advertising and branding;
   5. continuing education and compliance;
   6. disbursements including printing, copying, faxing, couriering;
   7. technology including equipment and software;
   8. expenses prudent or necessary in the operation of the Agent’s business;
   9. any and all taxes.
3. The Brokerage does not maintain nor offer coverage for the Agent in relation to commercial general liability or motor vehicle insurance coverage to the Agent in any jurisdiction(s) that the Agent operates in. As such, the Agent expressly agrees to maintain the Agent’s own liability, motor vehicle, and any other form of insurance coverage relevant for the operation of the Agent’s business in providing Mortgage Services, with the exception of Errors and Omissions Insurance which shall be arranged through the Brokerage.

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