The Book 5-5-16

PURPOSE

Provide a comprehensive source of company policies, procedures and resources.

COMPANY PROFILE

Independently owned Parks is Middle Tennessee’s largest real estate company in volume and transactions. It was founded by Bob Parks in 1975 and known as Bob Parks Realty until 2015 when the company name was re-branded to Parks. Parks is home to over 575 agents who are committed to unsurpassed customer service. Our brand currently covers the entire Middle Tennessee market.

AGENT PROFILE

Parks affiliates FULL TIME professional agents who are committed to providing extraordinary service to consumers and contributing to the real estate profession and community.

INDEPENDENT CONTRACTOR STATUS

All agents have the legal status of independent contractors and execute an independent contractor agreement with their Principal Broker when affiliating with Parks. Agents receive a 1099 that reports their annual income from Parks.

INSURANCE

Agents are required by TREC to carry errors and omissions insurance (E&O). Parks requires an additional excess coverage, which is paid annually by agents. Agents should carry business coverage on automobiles with Parks named additional insured. Agents are advised to have a personal liability umbrella policy for their real estate business, and a personal liability policy to protect them when they are off-site showing properties.

OFFICES

Agents may use facilities, equipment and supplies at any Parks office so long as it is related to Parks business purposes.

FLOOR TIME

In order to insure that Parks’ clients and customers, who either call or walk in, may speak to a licensed, professional Parks agent, many offices have a floor time schedule during

3