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International Real Estate Solutions Inc
Real Estate Salesperson Vendor Application

3/2009

International Real Estate Solutions Inc

REAL ESTATE SALESPERSON PROGRAM APPLICATION PACKAGE
Thank you for your interest in joining the International Real Estate Solutions Inc Team! International Real Estate Solutions Inc is one of the nation’s premier vendor management companies. We provide superior nationwide property valuation and consulting services to corporate investors and capital market groups for sub-prime and prime loans. We are continuously looking for qualified Real Estate Salespersons with several years of experience, who possess a high level of professionalism, and who take pride in their work. If you are interested in growing your business through a partnership with International Real Estate Solutions Inc, we invite you to carefully review the documents and complete the application. Once you become an approved Salesperson and business partner, you will be responsible for adhering to the stated requirements. ____________________________________ For consideration as an International Real Estate Solutions Inc Salesperson, the following items must be submitted for approval:  Completed Salesperson Application  Resume  Copy of Current State License, or pocket card/Certification (please include any Special Certifications)  Proof of Errors and Omissions Insurance Coverage (if you have)  W9 form (Request for Taxpayer Identification Number and Certification) The following MUST be signed and dated when submitted along with the above documents:     Acknowledgement of Terms Conflict of Interest Statement Fee Schedule All other pages must be initialed

Please submit all your information to: International Real Estate Solutions Inc email to Info@Internationalresinc.com If you have any further questions or concerns, Please contact us at 800-841-3954.

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1940 Deer Park Avenue, Suite 108 Deer Park, NY 11729 Phone/Fax: 800-841-3954 www.Internationalresinc.com

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International Real Estate Solutions Inc The following types of vendors do not meet International Real Estate Solutions Inc’s minimum requirements: 1. 2. 3. 4. Registered Trainees Provisional Licensed Individuals Associates Assistants

Applicants will be approved based on their licensing, demonstrated expertise, and the need for additional vendor coverage in the marketplace.

Payment You can expect to receive payments on individual orders approximately 30 to 60 days after completion of the order.

Coverage Area

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_____ Initial ____________________________________________________________
1940 Deer Park Avenue, Suite 108 Deer Park, NY 11729 Phone/Fax: 800-841-3954 www.Internationalresinc.com -3-

International Real Estate Solutions Inc

PRODUCTION REQUIREMENTS
Before completing your application to join the International Real Estate Solutions Inc network, please read the following production requirements. All salespersons are required to adhere to the following production requirements.  ALL order assignments are delivered via email only. The email contains the subject location, due date, fee and client requirements for the product.  You should respond within 4 hours of notification of the new order. You must either accept or decline the assignment. If you do not respond within 4 hours, we will automatically reassign the order.  By accepting the order, you commit to us (and to our client) that you will complete the assignment by the due date indicated on the order. If you cannot meet the due date, you should decline the order, and provide any reasons why the order cannot be completed as issued.  You must contact the borrower or primary contact within 6 hours of assignment delivery to establish the inspection date and time. Then, you must notify International Real Estate Solutions Inc of the status (access appointment or access issues).  Vendor Production is evaluated by the following: o o o o Quality of work Turn-around time Availability Timely status updates

Salespersons will always present themselves appropriately, while conducting their physical evaluation of the property. In part, this would include their dress, which at a minimum requires business casual attire; shorts, jeans, T-Shirts, sandals, etc. are unacceptable. Salespersons must maintain adequate data sources for specified coverage area. Salesperson must also be familiar with and knowledgeable about all areas of the counties salesperson agrees to cover. The salesperson will notify International Real Estate Solutions Inc of any lapse in availability due to vacations, holidays, etc. at least one week in advance. These notifications can be sent to our email: Info@Internationalresinc.com Revisions If and when a reviewer requests a revision we will notify you through email. We ask that you give these conditions the highest priority and work to complete them as quickly as possible. We will ask to have the conditions completed and a revised report returned to our office within 8 hours of receipt. If this will not be possible, please inform our office immediately and provide us with an estimated time of arrival. All salespersons are continuously evaluated. Meeting the above criteria will earn you a PREFERRED status level. Priority is given to salespersons meeting the requirements for the Preferred Vendor status. International Real Estate Solutions Inc reserves the right to revoke your preferred status level if you fail to comply with International Real Estate Solutions Inc’s standards. _____ Initial ____________________________________________________________
1940 Deer Park Avenue, Suite 108 Deer Park, NY 11729 Phone/Fax: 800-841-3954 www.Internationalresinc.com -4-

International Real Estate Solutions Inc

ACKNOWLEDGEMENT OF TERMS
The undersigned agrees that if approved, he/she will be acting as an independent contractor. o o o o o o He/She is a supplier of BPO services when requested by International Real Estate Solutions Inc Real Estate Services. International Real Estate Solutions Inc has made no agreement guaranteeing any volume of business. He/She may be removed from International Real Estate Solutions Inc’s approved vendor panel for any reason without prior notification from International Real Estate Solutions Inc. He/She must adhere to the production and qualification requirements stated in this package of information. He/She must inspect the exterior and/or interior of the property for every International Real Estate Solutions Inc order that he/she has accepted and/or reassigned to another salesperson. He/She must transmit all BPO orders electronically and that failure to do so could result in nonpayment of fees associated with the BPO order.

COMMITMENT TO SALESPERSON INDEPENDENCE International Real Estate Solutions Inc is committed to maintaining and assisting our vendors in maintaining salesperson independence, and prohibits conditions or arrangements that infringe or may appear to infringe upon the salesperson’s independence. Allegations of incidents infringing upon salesperson independence will be investigated and corrective action taken as appropriate. It is incumbent upon the salesperson to use ethical judgment when providing evaluation services, and resist inappropriate influences. Individuals completing bpo reports or evaluations for International Real Estate Solutions Inc are to be:    independent of the Client’s lending, investments, and collection functions; not involved, except as a salesperson or evaluator, in the transaction; and, have no direct or indirect interest, financial or otherwise, in the property.

A salesperson must not disclose confidential information or assignment results prepared for International Real Estate Solutions Inc to anyone other than International Real Estate Solutions Inc and persons specifically authorized by International Real Estate Solutions Inc. While performing BPO services as a representative of International Real Estate Solutions Inc and its clients you shall not engage in any conversations about the BPO product with any loan officers or any other party with a financial interest in the BPO of the subject. If you are contacted directly by such party you are to contact International Real Estate Solutions Inc immediately.

_____ Initial ____________________________________________________________
1940 Deer Park Avenue, Suite 108 Deer Park, NY 11729 Phone/Fax: 800-841-3954 www.Internationalresinc.com -5-

International Real Estate Solutions Inc

The undersigned certifies that he/she has read, understands, and agrees to the following privacy policy: Data Sharing & Confidentiality o International Real Estate Solutions Inc Real Estate Services and its clients will provide vendor panel members with customer information (e.g. name, property, address and phone number) in order for the vendor to complete a BPO for the customer. The vendor shall maintain the confidentiality of all customer information provided or related to the BPO and use it only for the purposes of providing the BPO services under this Agreement. The vendor agrees to handle all customer information consistent with this privacy policy, and applicable federal and state laws and regulations, including but not limited to Title V of the Gramm-Leach-Bliley Act (15 USC 6801 et seq.) and its implementing regulations (16 C.F.R Part 313). The vendor specifically acknowledges that he/she is prohibited from directly or indirectly selling, loaning, renting, transferring, disclosing, conveying or otherwise making available to any third parties any customer information provided or related to the BPO without the express prior written consent of International Real Estate Solutions Inc Real Estate Services.

o

By signing here, the undersigned agrees to all terms as stated above including the electronic transmission of the BPO.

Salesperson’s Signature

Date

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1940 Deer Park Avenue, Suite 108 Deer Park, NY 11729 Phone/Fax: 800-841-3954 www.Internationalresinc.com

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International Real Estate Solutions Inc

FEE SCHEDULE
By signing this document, you agree to all terms noted and agree to adhere to all the information listed here. Also, please select ALL types of products you provide. Please note all orders are due within 2 days from inspection by 5PM or the turn time below whichever one comes first. Failure to produce reports within the established deadline without providing International Real Estate Solutions Inc with a reason for the delay prior to the due date may result in a fee reduction of $10.

Description of Assignment Exterior BPO Interior BPO Other (Please specify below)

Mandatory Turn Time (From Receipt to Ship) 3 Days by 5PM 4 Days by 5PM 4 Days by 5PM

Fees $50.00 $75.00

Salesperson’s Signature

Date
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____________________________________________________________
1940 Deer Park Avenue, Suite 108 Deer Park, NY 11729 Phone/Fax: 800-841-3954 www.Internationalresinc.com

International Real Estate Solutions Inc

CONFLICT OF INTEREST STATEMENT

In addition to the Contingent and Limiting Conditions acknowledgement that is part of every BPO report, the following conflicts of interest are to be addressed: Please initial each section of this acknowledgement.

I do not have a personal relationship with and I am not a family member of any employee of International Real Estate Solutions Inc entity.

I will not accept a BPO assignment that is for a mortgage broker with whom I have a personal relationship.

I will not accept assignments associated with listings or sales that have been generated from my office.

I will not accept an International Real Estate Solutions Inc assignment if I have a personal or business interest in the property being evaluated.

I will not accept an International Real Estate Solutions Inc assignment if I can identify the original appraiser or broker/agent of the report to be reviewed and I have a negative relationship with that person, if I cannot be objective in my review.

Salesperson’s Signature

Date

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1940 Deer Park Avenue, Suite 108 Deer Park, NY 11729 Phone/Fax: 800-841-3954 www.Internationalresinc.com

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International Real Estate Solutions Inc

SALESPERSON APPLICATION FORM
SALESPERSON INFORMATION Salesperson Name (Last) Company Name Business Address (Street Number & Street Name) Mailing Address (if different from above) (Street Number & Street Name) Business Phone Cellular Phone Email Address (required) Social Security OR Tax ID Number (City) (State) (Zip Code) (County) Business Fax Home Phone Years of BPO Experience (City) (State) (Zip Code) (County) Title (First) (M.I.)

Is anyone in your firm on International Real Estate Solutions Inc’s Vendor Panel? Yes No Referred By: Name Phone Number State Licensed Other (please specify): Licensed Other (please specify): License Type Company

If Yes, Vendor’s Name

City Email Address Number

State

STATE LICENSING AND CERTIFICATION (please attach copies of all licenses) Expiration Date

ERRORS AND OMISSIONS INSURANCE (If Yes, please provide a copy) Do you carry Errors and Omissions Insurance? 1. Experience with REO properties RESOURCES Is MLS available in your market area? Firm or Company Name Yes No List all non-MLS data sources: Title From To EMPLOYMENT HISTORY (for past 3 years) Yes No Yes No Policy Expiration Date Yes No

3. Experience with Homes Over 1 Million

PROFESSIONAL TRAINING (completed in the last 3 years) Name of Sponsoring Organization or School Name of Seminar or Course Date

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1940 Deer Park Avenue, Suite 108 Deer Park, NY 11729 Phone/Fax: 800-841-3954 www.Internationalresinc.com

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International Real Estate Solutions Inc

MEMBERSHIP IN PROFESSIONAL SALESPERSON ORGANIZATION Name of Organization Current Member Yes Yes Yes Maximum Open Order Capacity No No No Date Joined

Monthly Volume Capacity

I certify that the information provided are true and correct to the best of my knowledge.

Name

Signature

Date

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1940 Deer Park Avenue, Suite 108 Deer Park, NY 11729 Phone/Fax: 800-841-3954 www.Internationalresinc.com

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