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Channel Partners

Privilege Club Membership Form

Personal Details

Individual Proprietorship Partnership Limited Company
Proprietor Partner Director Executive Officer
Office Residence

Terms & Conditions

In consideration of the services provided by the Channel Partner, the Company shall pay the brokerage to the Channel Partner in the following manner:

  • On booking done at any of the projects of Tycoons’ Group the Channel Partner can avail of 2% brokerage on Consideration Value.
  • First visit of Customer has to be with the Channel Partner or after written intimation via an email confirming the visit / meeting in advance. However personal visit by Channel Partner along with prospective customer will always be advisable / preferred by the Company.
  • If found, that the client has already visited directly, No brokerage will be given to the Channel Partner. However in the event the client has visited 3 months prior to the date of his subsequent visit with the Channel Partner, 2% brokerage will be payable.
  • Brokerage as per the Company’s policy, in respect to all the projects of the company, will be payable upon receipt of 9.9% of the Flat Consideration value or receipt of due payment till date whichever is higher and after execution of the Agreement for Sale.
  • All payments to the Channel Partner shall be made in Indian Currency after deduction of applicable taxes. The payment shall at all times be subject to being permitted and valid under applicable policies, laws, orders, and regulations.
  • The Channel Partner shall raise an invoice for the amounts payable by the Company. Each invoice shall be delivered to the address of the company, as specified by the Company, by courier or by hand delivery.
  • Subject to the fulfillment of all the Conditions stated herein, the Company shall attempt to pay the Brokerage within 60 days of receipt of the invoice. All payments shall be made subject to deduction of tax at source.
  • If the client has made the first visit with one Channel Partner and the second visit with another Channel Partner, the brokerage will be paid to the first Channel Partner only unless and until understanding between both the Channel Partners is agreed and informed to the Company in writing.
  • For any type of Transaction, the booking should take place within 3 months from the date of first visit; only under such circumstances brokerage will be paid to the Channel Partners.
  • In the event that the Customer cancels or terminates the Agreement of Sale / Allotment Letter / Booking to purchase the Flats / Premises the Channel Partner shall forthwith, within 15 days, refund the brokerage received from the company for the sale of the Flats / Premises. In the event that the Channel Partner does not refund the Brokerage to the Company, the Company shall be entitled to adjust / deduct the refundable brokerage from any other brokerage payable to the Channel Partner by the Company.
  • Channel Partner shall not pass on the brokerage or part of brokerage to the buyer.
  • Channel Partner will not misrepresent any facts, figures, features of the company or product. Channel Partner should follow high ethical standards.
  • The Company shall not be responsible for any dispute between Channel Partner and client.
  • This form should be duly completed with Photograph, Photo copy of the PAN Card, RERA Certificate, GST Certificate and Business Card.

All Channel Partners Should Have Tycoons’ Group Privilege Club Membership Number, Service Tax Number And Pan Card Number To Avail Brokerage.

The Channel Partner’s Name & Tycoons’ Group Privilege Club Membership Number needs to be mentioned in the Customer Enquiry Form

  • The Company reserves the right, in its sole discretion, to modify or suspend the Terms & Conditions of the Channel Partner Form
  • Consideration Value shall be as denoted in the cost sheet to avail brokerage.
  • In case the customer is availing of a loan, sanction letter is mandatory.

Incentives Table For 1 Month

No. Of Booking/s Done Brokerage %
1 2%
2 2.20%
3 2.40%
4 2.60%
5 2.80%
6 or more 3%

Percentage calculated will be retrospective from the 1st booking.

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