PIBO Term and Conditions

These Terms And Conditions for Professional Independent Business Owners PIBO

REI Capital Group, Inc aka “REI” is in the business of originating, processing, funding commercial real estate “CRE” loans, including DSCR, Fix and Flips, Bridge, and Hard Money Loans, as well as providing Business Propose products for Real Estate Investors and Private Business Owners through its network of capital investor partnerships. 

Professional Independent Business Owners “PIBO”, PIBOs who join REI have the desire to submit Real Estate Investors Loans “REIL”, Commercial Real Estate Loans “CREL”, and Business Loans to Business Owners.  (“Party or Parties”) wish to establish a membership Partnership relationship with REI whereby PIBOs submit Real Estate Investors, Commercial Loans, and Business Loans opportunities through private REI website portal for PIBO and RBP, on new potential business lending opportunities for possible funding. In consideration of the mutual covenants and conditions contained herein and for other good and valuable consideration, the Parties agree as follows:

PIBO Candidates, agree to sign REI Registration Signup Package which included, REI Loan business Agreements for commission paid on all new loan and REI Level 5 Commission Plan allowing PIBOs to earn 5 x income on their REI Business Organization, Background search, non-fraud statement, and REI Policy and Procedures.  All new Business, Real Estate Investors Lending, Commercial Lending, Business Lending, and Private Money Loans are subject to the terms, conditions and limitations contained in this Agreement, PIBOs agree to submit to REI New Loan Team, opportunities for review, and REI Loan Team will determine each submission and acceptability to the capital markets, IBOPs agree to assist REI Loan Team with gathering certain loan documents and information from Borrower(s) to get loan ready for underwriting and “CTC” Clear To Close. PIBOs agree and acknowledge that REI Loan Team will have the final sole decision to determine if any new loan has the funding merits and lending conditions to determine if any Real Estate Investors Loan, Business, Commercial or Private “Hard Money” loan is subject to a full underwriting process. IBOPs will not represent that REI has approved or will approve any Loan until REI Senior Team staff officially provides IBOPs “CTC” in writing. REI  is the business of producing all types of Real Estate Investors Loans,  Business loans, private loans, Bridge Loans, Fix and Flips, DSCR, New Construction, Acquisition or Recapitalization Loans, Stalled Instruction, Rescue Capital, Land Deal Capital, Domestically and Internationally, and under no circumstances is obligated to accept any loan regardless of type or size of loan.

Nothing in this Agreement shall be construed that IBOPs are agents, employees, representative, joint venture, or partners of REI. IBOPs shall be deemed to be independent contractor, agent, or representative paid under a W9, all Loan Applications will be taken by REI Loan Tem staff, until IBOPs completes their REI Training and closes 5 deals. During the term of this Agreement, IBOPs responsible shall pay in full, REI a membership initial  start-up fee in the amount of $895.00, this will include REI dedicated Website with IBOP Domain Name, plus $500.00 for setting up SM Portals, FB / IG Business Page, Ticktock, LinkedIn Profile, and Custom CRM for AI Marketing, Auto Texting, client lead management system and nourishing new business leads, $95.00 for monthly Branding Materials, including all US Holidays, Healthcare Topics, Canada and Top 10 Hispanic Countries National Holidays and Festival, Custom REI Product Loan Material Flyers for eblasting on Constant Contact or Chip Monkey, and using on all social media channels. IBPOs agree not to represent or imply to any Borrower that REI is a direct lender or have any funding authority to fund, disburse and funds on any loan, or have the capacity to make any loan decisions, including any representation that IBOP’s office is an office or branch of REI. IBOPs under any circumstances have no authority to bind REI to any loan commitment or make promises to any client that REI will fund the loan.

 Compensation to IBOPs, will be paid on closed loans, directly deposit within 2 days of funding the loan via signed ACH on file. All payments will be made via ACH, IBOPs must provide a VOID check to REI where commission deposits and withdrawals made if a loan defaults 6 months after funding. IBOPs agree that in the event a Real Estate Loan or Business Loan defaults within 6 months, any return commission made by the investor lender, REI will have to return all Commission including IBOPs.  Under any circumstances, REI will NEVER advance any fees or commission on any pending to close loans, IBOPs waives and relinquishes all claims against REI of any wrongdoing concerning loans that can’t close for any circumstances, commissions paid shall represent the fair market  based on the type and size of loan. It is agreed and understood that REI is relying on the accuracy of the information submitted by IBOPs.