Updated 11 months ago on .
BIC payment agreement
We started our company in October 2024 during the slow season. 4 employees, including myself, the COO , maintenance and the broker/BIC. We knew it would be tough for awhile, none of us were making money. We are just starting to see revenue now. We have 11 houses on our program.
Our BIC goes over the escrow account once a month. He has signed the contracts. He has a real estate and an appraisal business. He hasn't sold any houses for a long time (years maybe?) We gave him a brand new office, pay for his software and any classes and certifications he may need. We are struggling with a payment agreement. I'm not sure what to do. What should the structure look like?