Affiliated Business Arrangement Disclosure
This is to give you notice of business relationships among the following providers. Nexus Real Estate LLC ("Nexus"), licensed real estate agents and brokers to whom Nexus refers consumers ("Receiving Brokers"), and affiliated mortgage lending partners ("Mortgage Partners") are parties that may refer to you the services of one another. Because of these relationships, any referral of you by Nexus may provide Nexus and/or its principals with a financial or other benefit.
Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition of the purchase or sale of the subject property, for the settlement of any loan, or to obtain access to any other settlement service. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Entity: Nexus Real Estate LLC
Settlement Service: Real Estate Brokerage
Charge or Range of Charges:
2 – 10% of sales price of the property depending on multiple factors including type of property, transaction side, services, region and transaction structure. However, commissions vary per agreement with each customer and may be negotiated, in whole or in part, as fixed amounts, such as a fixed amount in lieu of all or part of a percentage, or an amount such as $100 - $1000 in addition to a percentage. In addition, referral commissions vary, but are generally paid by a real estate broker as a percentage (approximately 25% - 50%) of the real estate broker’s commission on a transaction side.
Entity: Affiliated Mortgage Lending Partner(s)
Settlement Service: Mortgage Lending
Charge or Range of Charges:
Nexus Real Estate LLC may refer consumers to one or more affiliated mortgage lending partners. In connection with such referrals, Nexus may receive a referral fee or other compensation. Mortgage lending fees, including loan origination fees, discount points, and third-party fees, vary by lender and loan product. Please consult directly with your mortgage lender for a full disclosure of applicable charges. See the Loan Estimate provided within three business days of application for a complete disclosure of charges required to obtain a loan.
Entity: N/A
Settlement Service: Title Insurance
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any title insurance providers.
Entity: N/A
Settlement Service: Title and Escrow / Closing Services
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any title, escrow, or closing service providers.
Entity: N/A
Settlement Service: Homeowner's Insurance
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any homeowner's insurance providers.
Entity: N/A
Settlement Service: Home Warranty
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any home warranty providers.
Entity: N/A
Settlement Service: Flood Determination / Flood Insurance
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any flood determination or flood insurance providers.
Entity: N/A
Settlement Service: Hazard Insurance
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any hazard insurance providers.
Entity: N/A
Settlement Service: Appraisal Services
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any appraisal service providers.
Entity: N/A
Settlement Service: Home Inspection Services
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any home inspection service providers.
Entity: N/A
Settlement Service: Pest Inspection Services
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any pest inspection service providers.
Entity: N/A
Settlement Service: Survey Services
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any survey service providers.
Entity: N/A
Settlement Service: Credit Reporting Services
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any credit reporting service providers.
Entity: N/A
Settlement Service: Moving and Relocation Services
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any moving or relocation service providers.
Entity: N/A
Settlement Service: Attorney / Legal Services
Charge or Range of Charges: N/A — Nexus Real Estate LLC does not currently offer or affiliate with any real estate attorney or legal service providers.
ACKNOWLEDGMENT
By proceeding with any referral or service provided by Nexus Real Estate LLC, I/we acknowledge that I/we have read this disclosure form and understand that Nexus Real Estate LLC may refer me/us to purchase the above-described settlement service(s) from one or more affiliated providers, and that any such referrals may provide Nexus Real Estate LLC and/or its principals with a financial or other benefit.
