Understanding Jack Conway’s Regulatory Compliance Fee
Jack Conway has introduced a Regulatory Compliance Fee to support the legal,
insurance, and compliance services required to protect our agents and provide consistent support to clients.
- Fee amount: $500 per agent, per calendar year
- When it’s charged: On the first transaction an agent closes each calendar year
- Effective date: Applies to closings beginning February 1, 2025
- If no closing occurs by September 1: Agents who have not closed a transaction by September 1 each year will be billed directly by the company
What’s included
-
Legal services, including responses to complaints and legal or regulatory inquiries
(including potential monetary damages and/or settlement amounts not covered by insurance or subject to a deductible)
- Ongoing regulatory, compliance, and financial audit support
- Errors & Omissions (E&O), Professional Liability, and Corporate Package insurance
- Cyber and fraud insurance
- Cloud-based backup of correspondence via Jack Conway company email
- Cloud-based document storage through Jack Conway SkySlope (in perpetuity)
- Digital signature software
- Escrow services and risk management
-
Audit services support when there is a complaint or any type of legal or regulatory inquiry,
to help maintain good standing for both the company and the agent to the fullest extent possible
We have considered this change carefully and believe it is necessary for Jack Conway to continue providing an unparalleled
level of support and service for clients and agents in an increasingly challenging landscape.
