5x – Network Terms of Service
Last updated: May 29, 2025
1.1. Fee Obligation Member agrees to pay 5x a transaction fee equal to 5% of the gross commission earned by the Member in connection with any successful real estate transaction resulting from a referral received via the Network (a “Covered Transaction”). 1.2. Post-Closing Payment The transaction fee will be charged after the transaction is marked as closed in the 5x platform, and the Member has submitted deal details including the total commission received. 1.3. Payment Authorization Member authorizes 5x to securely tokenize and store their credit card or other approved payment method and to automatically charge the 5% transaction fee upon submission of closing details. 2.1. Exclusive Use of Platform Member agrees not to solicit or transact business with any other 5x Network member outside the Network platform or outside the knowledge of 5x. 2.2. Continued Fee Obligation If a transaction or relationship initiated through the Network is moved off-platform, Member agrees to remain liable for the 5% transaction fee for any resulting real estate transaction that closes within 24 months of the initial introduction or contact via the Network. 3.1. Accurate Reporting1. Transaction Fee and Payment Authorization
2. Non-Circumvention and Ongoing Fee Liability
3. Deal Reporting and Audit Rights
3.2. Audit Rights
5x reserves the right to request documentation to verify the accuracy of reported information, including commission agreements and closing statements. Failure to provide such documentation may result in penalties or removal from the Network.
4. Payment Failure and Collections
4.1. Failed Charges
If 5x is unable to successfully process a transaction fee charge, Member remains fully responsible for the amount owed and may incur a late fee of 1.5% per month, or the maximum allowed by law, until paid in full.
4.2. Collection Costs
Member agrees to pay any and all reasonable costs incurred by 5x in collecting overdue fees, including attorneys’ fees, collection agency charges, and court costs.
5. Termination
5.1. Voluntary Withdrawal
Member may exit the Network at any time by written notice. However, Member remains obligated to pay the 5% fee for any transactions initiated prior to withdrawal.
5.2. Termination for Cause
5x may suspend or terminate Member’s access to the Network immediately for any breach of this Addendum or the general Terms of Service.
6. Additional Terms
6.1. Confidentiality
All leads, referral information, deal terms, and member activity within the Network are considered confidential and may not be disclosed or used outside the platform without 5x’s prior written consent.
6.2. Entire Agreement
This Addendum and the 5x Terms of Service together constitute the entire agreement governing participation in the Network.
6.3. Modifications
5x reserves the right to modify this Addendum at any time. Continued use of the Network after changes are published constitutes acceptance of the modified terms.
By submitting your Network membership application, you acknowledge that you have read, understood, and agreed to this Addendum.