NoFalsePromise – Channel Partner & Referral Program

Effective Date: [Insert Date]
Entity: NoFalsePromise, a division of NFP TECHNO BUILD.

1. Definitions

  • NoFalsePromise (NFP): A real estate channel partner facilitating property sales, listings, and referrals.
  • Property Lister: An individual who posts property details on NFP’s platform or through its sales channels.
  • Referrer: A person who refers a genuine buyer leading to a successful transaction.
  • Buyer: A person who completes the property purchase through NFP.
  • Owner: Legal owner of the property who releases funds upon registration and final payment.

2. Scope of Services

  • NFP acts as a platform for listing properties, generating leads, and connecting buyers and sellers.
  • NFP facilitates site visits, documentation, and transaction coordination with the seller/builder/owner.
  • Referral and listing rewards are provided for verified, completed transactions only.

3. Commission to Property Lister

  • Any individual who posts their property for sale via NFP will be eligible for a 0.2% commission of the registered price of the property.
  • The reward is processed only after:
    • Successful registration of the property to the buyer.
    • Completion of all financial transactions (including full payment and clearance).
    • Release of funds to NFP by the property owner or developer.
  • This is applicable only for properties listed directly by individuals (not builders or brokers) and subject to NFP verification.

4. Commission to Referrer

  • A Referrer who introduces a genuine buyer that results in a successful transaction will receive a 1% commission of the registered sale value.
  • The payout will be made after:
    • Successful registration of the property.
    • Buyer completes 100% payment.
    • Funds are released by the seller/owner/developer.
  • Duplicate claims will not be entertained. Referrer must ensure their referral is recorded before site visit or booking.

5. Disbursement Conditions

  • All commissions will be processed within 30 working days from the date of:
    • Completion of legal registration.
    • Confirmation of financial clearance.
    • Receipt of commission from the property owner or builder.
  • NFP is not liable for delays caused by the property owner or developer in releasing funds.

6. Eligibility & Proof

  • To claim the commission:
    • The lister or referrer must have an active record on NFP’s platform or CRM.
    • All claims must be made with supporting documents like ID proof, communication trail, and NFP acknowledgment.
    • Disputes in referral ownership will be resolved based on timestamped CRM entries and NFP’s internal records.

7. Exclusions

  • Listings posted by builders, brokers, or third parties are not eligible for 0.2% commission.
  • Referrals already registered or handled by NFP or another channel will not be eligible for the 1% commission.
  • Fake, duplicate, or unverifiable listings/referrals will be disqualified.

8. Dispute Resolution

  • Any commission-related dispute shall be subject to internal audit and final decision by NFP management.
  • Legal jurisdiction lies with courts in Bangalore, Karnataka.

9. Modification of Terms

  • NFP reserves the right to revise or suspend this reward/commission policy at any time with or without prior notice.