Terms of Service and Conditions of Use of the Distressed Real Estate University Training Site www.lexrealestatetraining.com
By logging on and using this site, you agree to the following terms which you agreed to when you first signed up.
You agree to the terms of this agreement and the billing terms below. Please note that you have been provided with 12 months of free access to the Partnership Program (worth $1,197) included for free as a bonus when you signed up online. At the end of the 12 month period, which is exactly 1 year from today’s date your access to the Distressed Real Estate University Training site, Proof of Funds Letter site and Partnership Program will be converted into a monthly membership subscription fee of $97 per month. This fee of $97 will be billed monthly beginning one year from today, and will be billed monthly until cancelled in writing by you. If you would like to cancel you can email our support desk anytime at [email protected]. Please make sure that we confirm your cancellation request by responding to you via email. Please note that there will be no refunds issued for past billings.
Please note that you are required to pay the monthly membership fee of $97 in order to have access to the Distressed Real Estate University Site, Partnership Program, Proof of Funds Letter site and Student Support. If you cancel your monthly membership, or if your credit card is declined, then access to the Distressed Real Estate University Training Site Partnership Program, Proof of Funds Letter site and Student Support Desk will be revoked immediately.
PLEASE CAREFULLY READ THE FOLLOWING TERMS BEFORE ACCESSING THE DISTRESSED REAL ESTATE UNIVERSITY TRAINING SITE AND THE TRAINING VIDEOS. BY ACCESSING THE SITE, YOU ACCEPT AND AGREE TO ALL OF THE COVENANTS AND CONDITIONS IMPOSED IN THIS AGREEMENT. IF YOU DO NOT AGREE TO THESE TERMS, YOU MAY NOT ACCESS THE DISTRESSED REAL ESTATE UNIVERSITY TRAINING SITE.
BY USING THE DISTRESSED REAL ESTATE UNIVERSITY TRAINING SITE, YOU AGREE THAT YOU HAVE READ, UNDERSTAND AND AGREE TO THESE TERMS. YOU ALSO AGREE TO REVIEW THIS AGREEMENT PERIODICALLY TO BE AWARE OF MODIFICATIONS TO THE AGREEMENT, WHICH MODIFICATIONS THE DISTRESSED REAL ESTATE INSTITUTE MAY MAKE AT ANY TIME. YOUR CONTINUED USE OF THE DISTRESSED REAL ESTATE UNIVERSITY TRAINING SITE WILL BE DEEMED YOUR CONCLUSIVE ACCEPTANCE OF THIS AGREEMENT AND ANY MODIFIED AGREEMENT.
1. Contact Information.
Distressed Real Estate Institute Customer Support Desk
Email: [email protected]
Please note that we DO NOT offer phone support to Partnership Program Students. Phone Support is offered to coaching students only. Student support for Partnership Program Students is via email only from Monday to Friday 9 a.m. to 5 p.m. EST).
2. Modification of Terms.
The Distressed Real Estate University Site reserves the right to modify these Terms at any time. Except as otherwise stated herein, any change to these Terms are effective immediately. User agrees to check the Site periodically for changes to these Terms. Any use of the Site after changes have been made shall be deemed acceptance of those changed terms and/or conditions. Since content is constantly added the site will be constantly changing and user acknowledges and agrees to this.
3. Limited License.
The Distressed Real Estate University Site hereby grants (Subscriber name) only a limited 1 year, non-exclusive, non-sub licensable and non-transferable license to Access the content and information available on the DISTRESSED REAL ESTATE UNIVERSITY TRAINING WEBSITE according to the provisions contained herein, and subject to the following terms and conditions.
4. Fees; Renewal; Refund Policies.
Single-User Subscribers ONLY
Access to the Distressed Real Estate University Training Website is limited to one user only and may only be accessed from one IP Address. Our servers log all IP Addresses and record and save them on our servers. Sharing your online access or user id and password with anyone will immediately terminate your access to the Distressed Real Estate University Training Site and no refunds will be issued for any full or partial payments made. DO NOT SHARE YOUR USER ID OR PASSWORD WITH ANYONE.
Payment is required in full before you can access the training site. At the end of 1 year, you agree to pay the monthly fee of $97 per month per the payment schedule specified above based on the terms you agreed to when you signed up. If for any reason payment is interrupted because of a declined or expired credit card your access to the training site, proof of funds letter and student support desk will be revoked until payment has been reinstated. You will not be able to access the training site, get proof of funds letters or receive student support at all until payment is resumed. If a credit card charge is declined, our customer support desk will notify you via email and you will have 5 calendar days from the card decline date to submit a new credit card and have your account reinstated. Please note this email may end up in your spam folder so please make sure that you are getting our emails and that they are not going in to your spam folder.
Subscription fees are non-refundable under any circumstances. There are no exceptions to this policy. Since our content is very valuable and only available to our real estate students we cannot offer any refunds of any kinds at any time regardless of whether you have paid in full or paid partially. We cannot offer any refunds period. Please note that when you signed up you may have been offered some sort of money back guarantee. Please understand that the purpose of this guarantee is for you to preview our product and decide if you are pleased with it and if it is a good fit for you. If it is not then you are welcome to request a refund (please request a refund authorization form to us prior to the refund period deadline). If you have received your Home Study Course, previewed our product, logged in to the training site and decide this is a good fit for you then registering for the Proof of Funds Letter Site, Emailing our Support Desk with questions, or Logging in to the Training Site for more than one time (logging in more than once) then the money back guarantee will no longer be valid, and the 30 day refund period will no longer apply and will be null and void. If you attend a live event such as a boot camp (even if you just show up and then leave) then your refund will be null and void. If you confirm that you will attend a boot camp and then do not show up for the event then you will not be able to receive a refund but you will be able to get credit for an upcoming boot camp. Please note that purchasing our product, waiting until a few days before the end of the 30 days to try and access as much information online as possible and then asking for a refund will not be granted under any circumstances. If you have accessed the training site more than once (logged in more than one time), retrieved or registered for the proof of funds letter site and or engaged email support with our customer support desk via email or phone then NO REFUND WILL BE ISSUED UNDER ANY CIRCUMSTANCES. BY SIGNING THIS FORM OR ACCESSING THE TRAINING SITE YOU AGREE TO THESE TERMS. We take copyright of our material very seriously and any attempt to violate our copyright, copy our information, share, retrieve and download information will be considered theft and will be prosecuted to the maximum extent that the law allows.
The Distressed Real Estate University Site increases the monthly subscription fees from time to time and you acknowledge and understand that subscription fees will change or may change. However, your payment schedule that you agreed to above will not change. If your service is cancelled because of lack of payment or inability to process a credit card, then your service will be reinstated at the new higher prevailing rate if your account is inactive for longer than 30 days.
The Distressed Real Estate University Site may terminate your access to our site if it is unable to process your credit card for payments because of inaccurate or outdated credit card information.
Our primary means of communication with our students is via email. Please ensure that all emails from [email protected] are not going in to your spam or junk folders or promotions folder in Gmail. Please email your support questions to [email protected] . Please note that we do not offer phone support.
Right of Access to the DISTRESSED REAL ESTATE UNIVERSITY TRAINING SITE granted under these Terms is effective only upon payment of the subscription fees in full or per the payment plan schedule above. If payment is not made, then your access to the site will be revoked immediately until payment is received.
5. Access to the MEMBERSHIP WEBSITE; Modification of Content.
The Distressed Real Estate University Site is for our real estate students only. Access to the site is only given to Distressed Real Estate Institute Students that have signed up for the Distressed Real Estate Institute Partnership Program. Access to this site is not available to the public, and is only available to Distressed Real Estate Institute Students that have signed up for one of the Distressed Real Estate University Training Programs. The Distressed Real Estate University Site strives to provide the DISTRESSED REAL ESTATE UNIVERSITY SITE to its Subscribers on a continuous basis. To that end, The Distressed Real Estate University Site will take all commercially reasonable efforts to provide uninterrupted Access to the DISTRESSED REAL ESTATE UNIVERSITY SITE to its Subscribers. However, from time to time, Subscribers may be unable to Access THE DISTRESSED REAL ESTATE UNIVERSITY SITE due to conditions beyond Lex Levinrad and or the Distressed Real Estate Institute’s control. Such conditions include, but are not limited to: internet outages, server disruptions, force majeure, acts of God, power outages, and the acts of computer hackers and others acting outside the law. Also, from time to time, Access may be unavailable due to software issues, server downtime, increased Internet traffic or downtime, programming errors, regular maintenance of the system, and other related reasons. In response to any unavailability of THE DISTRESSED REAL ESTATE UNIVERSITY SITE to its Subscribers, The Distressed Real Estate University Site will take all commercially reasonable steps to ensure Access is restored within a reasonable period of time. The term “commercially reasonable,” as used in these Terms, shall mean reasonable efforts taken in good faith without an unduly or burdensome use or expenditure of time, resources, personnel or money.
The Distressed Real Estate University Site endeavors to provide the highest quality content to its Students. To that end, The Distressed Real Estate University Site reserves the right, in its sole discretion, to change, modify, or discontinue any aspect or feature of this Site in whole or in part, including, without limitation, the content, availability, Access and/or the Terms of this Site. Such changes, modifications, additions or deletions will be effective immediately upon making the changes to the site.
Users are solely responsible for ensuring that they have sufficient and compatible hardware, software, telecommunications equipment and Internet service necessary for use of the Site.It is recommended that you have high speed internet access and a computer that is not more than 2 years old.
6. Prohibited Conduct.
User expressly agrees to refrain from doing, either personally or through an agent, any of the following “Prohibited Conduct”:
You may not under any circumstances allow anyone other than yourself to have access to the Distressed Real Estate Institute Training Site. All logins and IP Addresses are recorded on our servers. Violation of this policy will result in immediate termination of your account and access to this training site along with access to all of our other products that are related to this site including boot camps, student support, proof of funds letters, Partnership Program or anything else that was included with your access to this site. DO NOT SHARE YOUR USER ID AND PASSWORD WITH ANYONE.
You may NOT download or copy any of the material on this site including videos, audios, documents, pdfs, pictures, spreadsheets or any other information on this site including links to external web sites and other confidential information on this site that is available for our students eyes only. You cannot take screen shots and share them or save any screen shots from our training site.
You may not share or copy any of the material on this site with anyone else including videos, audios, documents, pdfs, pictures, spreadsheets, screenshots or any other information on this site including links to external web sites and other confidential information on this site that is available for our real estate students only.
You may not transmit, install, upload or otherwise transfer any virus, advertisement, communication, or other item or process to the Site that in any way affects the use, enjoyment or service of the Site, or adversely affects Lex Levinrad and or the Distressed Real Estate Institute computers, servers or databases.
You may not capture, download, save, upload, print or otherwise retain any information and content available on the Site including audio, video, pdf’s, documents, spreadsheets or any other information other than what is expressly allowed by these Terms.
You may not permit or provide other people access to THE DISTRESSED REAL ESTATE UNIVERSITY SITE using your user name and password or otherwise, or the name and password of another authorized User.
You may not copy, modify, reverse engineer, disassemble, redistribute, republish, alter, create derivative works from, assign, license, and transfer or adapt any of the software, information, text, graphics, source code or HTML code, or other content available on the Site.
You may not remove or modify any copyright, trademark, legal notices, or other proprietary notations from the content available on the Site.
You may not transfer the Site content to another person; “frame,” “mirror,” “in-line link,” or employ similar navigational technology to the Site content; or “deep link” to the Site content.
You may not violate or attempt to violate Lex Levinrad and or the Distressed Real Estate Institute and Distressed Real Estate University site security mechanisms, Access any data or server you are not authorized to Access or otherwise breach the security of the Site or corrupt the Site in any way.
You may not engage in any other conduct which violates the Copyright Act or other laws of the United States.
You may not use any device (such as a “web crawler” or other automatic retrieval mechanism) or other means to harvest information about other Users, the Site or Lex Levinrad and or the Distressed Real Estate Institute.
You may not use the Site to violate a third party’s intellectual property, personality, publicity or confidentiality rights; upload, download, display, publish, perform, create derivative works from, transmit, or otherwise distribute information or content in violation of a third party’s intellectual property rights.
You may not misrepresent your identity or personal information when accessing the Site; forge any TCP/IP packet header or any part of the header information in any e-mail so that the e-mail appears to be generated by Lex Levinrad and or the Distressed Real Estate Institute.
You may not post obscene, harassing, defamatory, filthy, violent, pornographic, abusive, threatening, objectionable or illegal material on the Site; post a communication that advocates or encourages criminal conduct or conduct that may give rise to civil liability.
You may not advertise or otherwise solicit funds, goods or services on the Site.
You may not provide any commercial hosting service with Access to the Site and/or the content on the Site.
To ensure that Users of the Site do not engage in Prohibited Conduct, The Distressed Real Estate University Site reserves the right to monitor use of the Site and reserves the right to revoke or deny Access to THE DISTRESSED REAL ESTATE UNIVERSITY SITE to any person or entity whose use of the DISTRESSED REAL ESTATE UNIVERSITY SITE suggests Prohibited Conduct. Access of the materials available at THE DISTRESSED REAL ESTATE UNIVERSITY SITE beyond that of normal patterns of use that suggests systematic copying of the materials constitutes abuse of THE DISTRESSED REAL ESTATE UNIVERSITY SITE and will result in revocation or denial of Access to THE DISTRESSED REAL ESTATE UNIVERSITY SITE. The terms “normal patterns” and “abuse” shall be determined solely by Lex Levinrad and the staff at the Distressed Real Estate Institute.
You agree not to violate any U.S., foreign or international software or technology export laws and regulations, including without limitation the U.S. Export Administration Regulations.
7. LIMITED WARRANTIES.
The Distressed Real Estate University Site warrants that the software that allows Users to Access the DISTRESSED REAL ESTATE UNIVERSITY SITE (“Software”), if operated as directed, will substantially achieve the functionality described on the Site. THE DISTRESSED REAL ESTATE UNIVERSITY SITEPROVIDES NO WARRANTY THAT YOUR HARDWARE, SOFTWARE, TELECOMMUNICATIONS EQUIPMENT AND/OR INTERNET SERVICE IS COMPATIBLE OR SUFFICIENT TO ACCESS THE SITE.
ALTHOUGH THE DISTRESSED REAL ESTATE UNIVERSITY SITE HAS ATTEMPTED TO PROVIDE ACCURATE INFORMATION ON THE SITE, IT MAKES NO GUARANTEE OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE RELIABILITY, ACCURACY, TIMELINESS OR COMPLETENESS OF THAT INFORMATION AND ASSUMES NO RESPONSIBILITY FOR ANY ERRORS OR OMISSIONS THEREIN.
8. DISCLAIMERS AND LIMITATION OF LIABILITY.
USER ACCESSES THIS SITE AND ALL OF THE TRAININGS INCLUDING THE AUDIO TRAINING, VIDEO TRAINING AND ALL DOCUMENTS, PDFS AND OTHER MATERIAL ON THIS TRAINING SITE AT HIS/HER/ITS OWN RISK. THE SITE IS PROVIDED ON AN “AS IS, AS AVAILABLE” BASIS WITHOUT WARRANTY OF ANY KIND (BEYOND THE WARRANTIES SET FORTH IN SECTION 10), EXPRESSED, IMPLIED OR STATUTORY, AND ANY AND ALL WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT OF THIRD PARTIES’ RIGHTS ARE SPECIFICALLY DISCLAIMED. THE DISTRESSED REAL ESTATE UNIVERSITY SITE DOES NOT WARRANT ANY PARTICULAR RESULT FROM USE OF THE SOFTWARE OR SITE. THE DISTRESSED REAL ESTATE UNIVERSITY SITE DOES NOT WARRANT THAT THE INFORMATION ON THE SITE IS ACCURATE, COMPLETE OR COMPLIES WITH ANY PARTICULAR LAW OR REGULATION, OR THAT THE OPERATION OF AND YOUR ACCESS TO THE SITE WILL BE UNINTERRUPTED, ERROR-FREE, VIRUS-FREE OR COMPLETELY SECURE. UNDER NO CIRCUMSTANCES AND UNDER NO LEGAL THEORY (TORT, CONTRACT OR OTHERWISE) SHALL THE DISTRESSED REAL ESTATE UNIVERSITY SITE OR ANY OF ITS AFFILIATES, AGENTS, EMPLOYEES, SHAREHOLDERS, DIRECTORS, OFFICERS, THIRD PARTY CONTENT PROVIDERS, SUCCESSORS OR ASSIGNS BE LIABLE TO YOU OR ANY OTHER PERSON OR ENTITY FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY CHARACTER, INCLUDING WITHOUT LIMITATION, DAMAGES FOR LOSS OF GOODWILL, LOSS OF MONEY, LOSS OF PROFITS, WORK STOPPAGE, COMPUTER FAILURE OR MALFUNCTION, LOSS OF DATA, LOSS OF PRODUCTIVITY OR CONTRACT, OR ANY AND ALL OTHER COMMERCIAL DAMAGES OR LOSSES. YOUR USE OF THIS SITE IS AT YOUR SOLE RISK AND ANY CONTENT THAT YOU DOWNLOAD IS DOWNLOADED AT YOUR OWN DISCRETION AND RISK, AND YOU ARE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM IN EXCESS OF THE AMOUNT THE DISTRESSED REAL ESTATE UNIVERSITY SITE RECEIVED FROM THE SUBSCRIBER FOR A SUBSCRIPTION TO ACCESS THE DISTRESSED REAL ESTATE UNIVERSITY SITE, AND FOR ANY LOSS OF DATA THAT RESULTS FROM THE DOWNLOADING OF ANY SUCH CONTENT, INCLUDING ANY DAMAGES RESULTING FROM COMPUTER VIRUSES. IN NO EVENT WILL THE DISTRESSED REAL ESTATE UNIVERSITY SITE BE LIABLE FOR ANY DAMAGES IN EXCESS OF $10 FOR A SUBSCRIPTION TO ACCESS THE DISTRESSED REAL ESTATE UNIVERSITY SITE, EVEN IF THE DISTRESSED REAL ESTATE UNIVERSITY SITE SHALL HAVE BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGES, OR FOR ANY CLAIM BY ANY OTHER PARTY. IN NO EVENT WILL WARRANTIES PROVIDED BY LAW, IF ANY, APPLY UNLESS THEY ARE REQUIRED TO APPLY BY STATUTE NOTWITHSTANDING THEIR EXCLUSION BY CONTRACT. THIS DISCLAIMER IS APPLICABLE TO ANY DAMAGE OR INJURY RESULTING FROM THE NEGLIGENCE OR AN OMISSION OF LEX LEVINRAD AND OR THE DISTRESSED REAL ESTATE INSTITUTE, COMPUTER VIRUS OR OTHER SIMILAR ITEM, TELECOMMUNICATIONS ERRORS, OR UNAUTHORIZED ACCESS TO OR USE OF USER INFORMATION THROUGH THEFT OR ANY OTHER MEANS. THE DISTRESSED REAL ESTATE UNIVERSITY SITE IS NOT LIABLE FOR CRIMINAL, TORTIOUS, OR NEGLIGENT ACTIONS OR OMISSIONS OF THIRD PARTIES THAT AFFECT THIS SITE.
YOU AGREE TO HOLD THE DISTRESSED REAL ESTATE INSTITUTE, IT’S EMPLOYEES AND LEX LEVINRAD HARMLESS FOR ANY ACTIONS THAT MAY RESULT OUT OF YOUR USING THIS SITE AND ANY OF THE TRAINING INFORMATION ON THIS SITE INCLUDING TRAINING VIDEOS, AUDIOS, PDFS, DOCUMENTS AND ANY OTHER INFORMATION ON THIS SITE OR AVAILABLE WITH THE DISTRESSED REAL ESTATE INSTITUTE TRAININGS. YOU AGREE TO HOLD THE DISTRESSED REAL ESTATE INSTITUTE, IT’S EMPLOYEES AND LEX LEVINRAD FOR HARMLESS FOR ANY ACTIONS THAT YOU UNDERTAKE BASED ON EMAIL OR PHONE COMMUNICATION WITH DISTRESSED REAL ESTATE INSTITUTE STAFF, INCLUDING BUT NOT LIMITED TO LOSING MONEY ON ANY TRANSACTION, LOSING YOUR DEPOSIT, LOST POTENTIAL PROFIT, LOST PROFIT ON ANY TRANSACTION OR FOR THAT MATTER ANY LOSSES AT ALL THAT MAY ARISE OUT OF YOUR MAKING OFFERS TO PURCHASE PROPERTIES. WE WILL NOT BE RESPONSIBLE FOR YOUR ACTIONS UNDER ANY CIRCUMSTANCES.
NO DEALER, AGENT, OR EMPLOYEE OF THE DISTRESSED REAL ESTATE UNIVERSITY SITE IS AUTHORIZED TO MAKE ANY MODIFICATIONS, EXTENSION, OR ADDITIONS TO THESE LIMITED WARRANTIES OR DISCLAIMERS VERBALLY OR BY ANY OTHER MEANS AND THIS AGREEMENT IN IT’S ENTIRETY SHALL BE BINDING.
THE DISTRESSED REAL ESTATE UNIVERSITY SITE DISCLAIMS ALL WARRANTIES, AND SHALL HAVE NO LIABILITY FOR DAMAGES IN EXCESS OF $10, ARISING FROM OR RELATED TO ANY SUPPORT SERVICES FOR YOUR USE OF THE SITE INCLUDING DISTRESSED REAL ESTATE INSTITUTE SUPPORT AND SUPPORT EMAILS.
THE LAWS OF YOUR JURISDICTION MAY PROHIBIT OR MODIFY THE FOREGOING DISCLAIMERS AND LIMITATIONS ON DAMAGES, AND SUCH DISCLAIMERS OR LIMITATIONS ON DAMAGES MAY NOT APPLY TO YOU.
9. Indemnification.
User agrees to defend, indemnify and otherwise hold harmless The Distressed Real Estate University Site and its officers, directors, agents, employees, shareholders, successors and assigns from and against any cause of action or claim, including court costs, expenses and attorney fees, related to or arising from User’s Prohibited Conduct or other improper or illegal use of the Site, or breach of these Terms.
10. Security; Authorized Use.
Users are prohibited from violating or attempting to violate the security of the Site. The Distressed Real Estate University Site has the right but not the obligation to investigate occurrences of possible violations and will cooperate with all applicable law enforcement authorities in prosecuting violators. The Distressed Real Estate University Site may suspend your access while it investigates. Users are required to enter a user name and password to Access the DISTRESSED REAL ESTATE UNIVERSITY SITE. To protect against unauthorized Access to Your account, it is recommended that you close the browser when you have finished using the Site. You are responsible for maintaining the secrecy of your user name and password.
You represent and warrant that you are the person on whose behalf you claim to accept these Terms, or, if You are entering into these Terms on behalf of a person or entity, You represent and warrant that you have the power and authority to enter into these Terms and bind the person or entity. You also represent and warrant that you are an adult who is legally able to enter into these Terms.
You may not use the account, user name or password of someone else at any time. You agree to notify The Distressed Real Estate University Site immediately of any unauthorized use or loss of your account, user name, password and/or credit card information. You also agree to notify The Distressed Real Estate University Site immediately if you are aware of or suspect other unauthorized use of the Site and/or the Site content. The Distressed Real Estate University Site will not be liable for any loss that you incur as a result of someone else using Your user name and password with or without Your knowledge. You may be held liable for any losses incurred by Lex Levinrad and or the Distressed Real Estate Institute, its affiliates, officers, directors, employees, consultants, agents or representatives due to someone else’s use of Your account, user name or password.
The Distressed Real Estate University Site will never ask you for your password. If you need a new user name and/or password, The Distressed Real Estate University Site will generate a new user name and password automatically through its computers and send it to your e-mail or postal address.
11. Termination of Agreement.
In addition to Lex Levinrad and or the Distressed Real Estate Institute other rights, it may terminate this Agreement at any time and at its sole and absolute discretion. The Distressed Real Estate University Site may also terminate Access to the DISTRESSED REAL ESTATE UNIVERSITY SITE or cancel subscriptions to THE DISTRESSED REAL ESTATE UNIVERSITY SITE without notice if it believes, in its sole judgment, that You have breached or may breach any term or condition of this Agreement, or engaged in conduct that The Distressed Real Estate University Site deems inappropriate. Each Subscriber’s obligation to pay outstanding subscription fees shall survive any termination of this Agreement. This means if you cancel you will still be responsible for outstanding fees.
12. Privacy Policy.
The Distressed Real Estate University Site values your trust. In order to honor that trust, all of Lex Levinrad and or the Distressed Real Estate Institute employees are required to adhere to ethical standards in gathering, using, and safeguarding any information you provide. For more information, please review Lex Levinrad and or the Distressed Real Estate Institute terms of which are incorporated on www.lexlevinrad.com
13. Miscellaneous.
These Terms constitute the entire agreement between The Distressed Real Estate University Site and User regarding the subject matter hereof. Any previous agreement, whether oral or written, between The Distressed Real Estate University Site and User dealing with the subject matter hereof is superseded. These Terms may only be modified or amended in writing. If any portion of these Terms is determined to be unenforceable for any reason, such portion will be deemed severed and the remaining terms and conditions shall continue in full force and effect. Upon User’s breach or threatened breach of these Terms, The Distressed Real Estate University Site may pursue any legal or equitable remedy available, including but not limited to, direct, consequential and punitive damages and injunctive relief. Lex Levinrad and or the Distressed Real Estate Institute remedies are cumulative and not exclusive. Failure of The Distressed Real Estate University Site to exercise any remedy or enforce any portion of this Agreement at any time shall not operate as a waiver of any remedy or of the right to enforce any portion of the Agreement at any time thereafter. User agrees that regardless of any statute or law to the contrary, any claim or action arising out of or regarding this Agreement must be filed within one month after such claim or cause of action arose or be forever barred. By Accessing the Site, User signs for and accepts this shortening of the statutes of limitations. The Distressed Real Estate University Site makes no representation that the content of the Site is appropriate or available for use in all locations. The Distressed Real Estate University Site operates this Site from the United States and makes no representation that the Site complies with any foreign or international laws. You agree to comply with all applicable local laws, including any international laws, in using this Site. You may not assign your rights or delegate your duties under these Terms. The parties agree that no third party is an intended beneficiary of these Terms. The Distressed Real Estate University Site cannot provide notifications via post, only via e-mail.
14. Governing Law; Dispute Resolution; Forum and Venue.
These Terms and any claim or action related to or arising from these Terms or content on the Site shall be governed by Florida law, without regard to any provision that would make the laws of another jurisdiction applicable. All disputes between you and The Distressed Real Estate University Site shall be finally resolved through binding arbitration in Boca Raton, Florida. The arbitration shall be conducted by one (1) arbitrator selected by the Distressed Real Estate Institute. The parties shall conduct discovery as agreed upon or as permitted by the arbitrator. The parties shall share equally the costs of the arbitrator, arbitration body and arbitration facilities (if applicable). Each party may bring a claim or action for injunctive relief without submitting the claim to final and binding arbitration. Neither party shall have the obligation to post a bond or demonstrate actual harm before bringing a claim or action for injunctive relief. Each party shall bear his/her/its own expenses and attorneys’ fees related to any arbitration, claim or action.
14. Force Majeure, Acts of God and Unpredictable Events.
In the event of any force majeure, act of god, natural disaster or unpredictable or unforeseen event such as a hurricane, tornado, earthquake, riots, power outages etc. we will not be held responsible for this unpredictable event under any circumstances. In the event that a boot camp or training event is cancelled due to unforeseen or unpredictable events such as a hurricane, earthquake, riot, natural disaster we will not issue a refund under any circumstances however we will give you 2 years credit to attend another boot camp with no additional fee. In the event that the hotel hosting the event is out of power or closed due to an act of nature such as a hurricane, tornado or power outage then our best efforts will be utilized to try and locate an alternative location to host the boot camp. However if no alternative location is found then the event will be rescheduled to a future date and all registered students will receive an email notification of the change of date of the event. We will not be held liable under any circumstances for your cost of hotel, travel, plane tickets etc. We will not issue a refund under any circumstances if a boot camp or training event is cancelled but you will have a 2 year credit to attend a similar event in the future without any charge to you.
PARTNERSHIP PROGRAM AGREEMENT
Partnership Program Agreement: Access to the Partnership Program and Proof of Funds Letter Site
This Partnership Program Agreement between the Distressed Real Estate Institute, LLC and the student for a period of 1 year beginning on the date above and ending exactly one year from the date above. You are receiving 12 months of access to the Partnership Program beginning on the above date and ending exactly one year from the date above. You access to the Partnership Program and Proof of Funds Letter will expire after 12 months unless you pay the monthly membership fee of $97 per month.
Access to the Partnership Program includes the following:
Proof Of Funds Letter Site With Unlimited Proof of Funds Letters Up to $200,000
Transactional Funding on all of your deals where we fund the AB Closing (BC closing must be at one of our approved title companies)
12 month access to the Partnership Program
We market and advertise your deals to our cash buyers
We fund your deals that our cash buyers want to buy (free funding when we partner with you)
We Split All Profits 50/50 (net of closing costs and transactional funding fees)
Access to the online training site (Distressed Real Estate University)
Unlimited Customer Support (email support only Monday to Friday 9 a.m. to 5 p.m. EST)
PLEASE NOTE THAT THERE ARE NO REFUNDS FOR THE PARTNERSHIP PROGRAM
PLEASE READ THESE TERMS BELOW CAREFULLY AS THEY CONSTITUTE AN AGREEMENT FOR HAVING ACCESS TO THE PARTNERSHIP PROGRAM. VIOLATING ANY OF THE TERMS OF THIS PARTNERSHIP PROGRAM AGREEMENT BELOW WILL BE GROUNDS FOR IMMEDIATE TERMINATION FROM THE PARTNERSHIP PROGRAM AND NO REFUNDS WILL BE ISSUED AND ACCESS TO THE PROOF OF FUNDS LETTER SITE, TRAINING SITE, CUSTOMER SUPPORT AND PARTNERSHIP PROGRAM PLUS ALL BOOT CAMP TICKETS WILL BE TERMINATED IMMEDIATELY. ALL MATERIAL IS COPYRIGHT PROTECTED BY LEX LEVINRAD AND THE DISTRESSED REAL ESTATE INSTITUTE AND ALL INFORMATION LEARNED BY YOU IN THE PARTNERSHIP PROGRAM, WHETHER ON THE DISTRESSED REAL ESTATE INSTITUTE TRAINING SITE, IN THE HOME STUDY COURSE OR OTHER COURSE MATERIALS AND BOOT CAMPS IS CONFIDENTIAL AND SHOULD NOT BE SHARED WITH ANYONE THAT HAS NOT PAID TO BE A STUDENT OR IS NOT CURRENTLY AN ENROLLED STUDENT IN THE PARTNERSHIP PROGRAM
WHOLESALING AND THE 50/50 PARTNERSHIP PROGRAM
1. The Partnership Program Fee is not refundable under any circumstances.
2. Student is responsible for finding suitable wholesale deals based on the methods learned during the Distressed Real Estate Boot Camp and Online Training Site. Student agrees to follow the system that they learned during the boot camp and training webinars and will not deviate from this.
3. All contracts will be completed by the student and the buyers name will be the property address with the words “land trust” after the property address and the student’s name as trustee. For example 123 Main Street Land Trust, Jack Smith Trustee.
4. Student will not use any other name for the purchase and sales contract other than the property address and the words land trust and their name as trustee. If you make an offer in your own name or your own company name we WILL NOT partner with you on your deal nor will we fund your deal.
5. Student is responsible for putting the deposit into escrow with the title company using cleared funds such as a cashier’s check or wire. Student will not use personal checks for purposes of the deposit. The Distressed Real Estate Institute will not assist student with the deposit under any circumstances.
6. A Land Trust will be formed for each wholesale deal. The Distressed Real Estate Institute will establish the Land Trust and the student will be the trustee of the land trust and be authorized to sign all documents related to the property including purchase and sales contracts and closing documents.
7. The Land trust will have the following beneficiaries: Lex Holdings, LLC (50%) and student or student’s company name (50%). The name of the beneficiary is who the check will be made payable to at closing so if you want to be paid in a corporation or LLC that is fine and you can list that as a 50% beneficiary in the land trust which we will provide.
8. The Student will be the trustee of the land trust and will be authorized to sign all contracts related to the purchase and sale of the property. Student agrees to cooperate with the title company and with the Distressed Real Estate Institute and its employees/staff regarding all documents that need to be signed etc. Student acknowledges that time is of the essence. Student will submit all documents from the listing agent to the Title Company to the Distressed Real Estate Institute in a timely manner.
9. Student will always elect “buyer selects Title Company on all purchase contracts and will use an approved title company that is pre-approved by the Distressed Real Estate Institute and will not use the seller’s title company.
Deal will be marketed and advertised by the Distressed Real Estate Institute and associates of the Distressed Real Estate Institute and will be advertised via email blasts to our cash buyers as well as online through various online classified ad web sites, Craigslist, blogs and social networking sites using internet marketing.
10. The Distressed Real Estate Institute will attempt to find a buyer and assist in completing a double closing between the original purchase and sale contract (A B closing)) and the purchase and sale contract with new cash buyer (B C closing). There is no guarantee that a buyer will be found and the Distressed Real Estate Institute does not promise or guarantee that a buyer will be found under any circumstances. For this reason we recommend that YOU DO NOT PUT UP A DEPOSIT until we tell you to do so.
11. Transactional funding will be provided to help facilitate a successful double close for the amount required to fund the first purchase and sale contract (A B Closing). However funding will only be provided if one of the Distressed Real Estate Institute’s preferred Title Companies is used for the second BC closing. There is a minimum transactional funding fee regardless of the amount of the first purchase and sales contract (A B closing). Please see transactional funding rate schedule for fees. Transactional funding rates are subject to change at any time. In the event that you are partnering with us on the deal we may elect to waive your transactional funding fee if that was offered to you when you signed up as part of a promotion.
12. Transactional funding fee will be deducted from the student’s share of the profits which are calculated as the difference between the purchase and sales contract for the A B closing and the purchase and sales contract for the B C closing.
13. Transactional funding fees as well as all closing costs are deducted from the gross profit to arrive at a net profit which is then divided equally (50/50) between Lex Holdings, LLC and student. Student may use his/her own money to fund the deal in order to save the funding fee, or another transactional funding company may be used in the event that we do not fund the transaction.
14. We will not fund any transactions where the BC closing is with a title company other than one of our preferred title companies. If your deal is in any State other than Florida then an outside transactional funding company will be utilized for funding and all funding fees will be split equally. You will receive a credit towards your funding fee on your first deal based on the amount that you paid when you signed up for our program (if we partner with you).
15. In the event that an outside transactional funding company is used then student and Lex Holdings, LLC shall have the transactional funding fee paid for out of the net profits and the transactional funding fee will be split equally between Lex Holdings, LLC and student.
16. In the event that the second closing is at any title company other than one of our preferred title companies then we will not provide transactional funding under any circumstances and an outside transactional funding company will be utilized if they agree to fund the transaction.
17. Lex Holdings, LLC will not provide transactional funding on any deal where Lex Holdings, LLC does not have a beneficial interest in the property (via the land trust) unless the student has disclosed and requested that they are requesting transactional funding only and are not looking to partner on the deal. In this case the end BC closing MUST be at one of our approved title companies.
18. Student will not establish a land trust or any other entity with any other people, companies or entities during the 12 months that this Partnership Program Agreement is in force without prior written notification to the Distressed Real Estate Institute. Student agrees that no other Land Trust will be formed for the purposes of purchasing any property to wholesale at any time while student is wholesaling properties with the Distressed Real Estate Institute. Please note that this does not prevent you from buying properties to fix and flip or buying rental properties and only applies to properties that are being wholesaled. This also does not prohibit you from marketing your deals to your own buyers.
19. Student also agrees that they are prohibited from assigning beneficial interest in any Land Trust without explicit written permission from the Distressed Real estate Institute while they are working with the Distressed Real Estate Institute under the terms of the Partnership Program.
20. The Distressed Real Estate Institute reserves the right to reject any wholesale deal for any reason at any time and will make the final decision as to whether your deal is worth marketing to our cash buyers.
21. Student agrees that all net profits after closing costs and transactional funding fees will be split 50/50 between Lex Holdings, LLC and student. This profit split applies for the 12 months that this Partnership Program Agreement is in force and as long as the student is utilizing the proof of funds letter site.
22. Profits will be split 50/50 only if the Distressed Real Estate Institute found the buyer.
23. This Partnership Program Agreement will remain in force until 12 months have elapsed from the date above. If the student does not notify the Distressed Real Estate Institute in writing that they want to cancel then billing will revert to monthly or annual billing dependent on the option selected at the beginning of this document.
24. Student will not contact or solicit the Distressed Real Estate Institutes students from the boot camp, gather email addresses of students, clients, or Distressed Real Estate Institute clients, cash buyers with a prior relationship with the Distressed Real Estate Institute or other wholesalers, realtors or investors without written permission from the Distressed Real Estate Institute.
25. If you want to market the deal yourself to your own buyers please let us know so that your price and our price matches for marketing purposes. Student is free to market their own deals to their own buyers and will retain 100% of the profit if the student finds a buyer. In this event the land trust will list the student as 100% beneficiary and the Distressed Real Estate Institute will simply earn a transactional funding fee.
26. Student will not solicit the Distressed Real Estate Institute’s students and Distressed Real Estate Boot Camp attendees for partnership, wholesaling, deal splitting etc. without the express written consent of the Distressed Real Estate Institute.
27. Student agrees that they will notify the Distressed Real Estate Institute if they get any offers accepted including properties that they are planning to buy fix and flip or buy as rental properties. Student will not enter into partnership with anyone else (for wholesaling) or put any properties under contract (for wholesaling) with anyone else other than in the manner described above and will also not partner with anyone else (for wholesaling) without express written permission from the Distressed Real Estate Institute. Please note that this does not prevent you from buying properties to fix and flip or as rental properties and is only applicable to wholesaling.
28. Lex Holdings, LLC will not put up any cash for fixing and flipping, rental properties etc. and the Partnership Program is specifically for wholesaling only. Transactional funding will only be provided for deals that are wholesaled and double closed to an end buyer on the same day on properties with prior agreement from the Distressed Real Estate Institute. Deals that are outside of the state of Florida will be funded by outside transactional funding companies and their rates will apply and there is no guarantee of them agreeing to fund a transaction.
29. Student acknowledges that the only method of partnering with the Distressed Real Estate Institute during the Partnership Program is for the purposes of wholesaling deals and the Distressed Real Estate Institute will not partner on any fix and flip or rental projects nor is the Distressed Real Estate Institute agreeing to give the student a hard money loan.
30. Student is signing up for the Partnership Program specifically for the purpose of wholesaling and learning how to wholesale in partnership with the Distressed Real Estate Institute.
31. It is the goal and intention of the Partnership Program to teach the student how to wholesale and how to successfully some wholesale deals jointly with the student and split all profits 50/50.
32. Student agrees to be photographed, recorded and videotaped for the purposes of testimonials and marketing materials for our web site. These testimonials will be used on various web sites, and company materials belonging to the Distressed Real Estate Institute, its owners, partners or other entities related to the Distressed Real Estate Institute. Student is prohibited from saying anything negative about Lex Levinrad or the Distressed Real Estate Institute or any the Distressed Real Estate Institute coaches, staff or associates or any other real estate training programs to anyone either in public or private and will not speak negatively about our program (or any other programs) anywhere including on the internet, in online chat rooms, videos, radio and all other mediums that are not listed here.
33. Student agrees that all information gained during private discussions with the Distressed Real Estate Institute will remain private and confidential. This includes all information obtained during email communication, phone calls, webinars, meetings events, training programs, online training site and at boot camps.
34. Student will not share any information or material learned from the Partnership Program with anyone else and is prohibited from selling any of the training materials anywhere (including anywhere online on Craigslist, Ebay, or any online classified site), teaching other individuals the material, repackaging the material in print audio or video format, recording the material or profiting from the information learned during the Partnership Program without the express written consent of the Distressed Real Estate Institute.
35. Student understands that all information obtained and learned from the Partnership Program is proprietary, confidential and not to be discussed, shared or distributed with anyone else. In the event that information is shared about our program or a deal which results in monetary damages, student will incur the legal expense of defending themselves and will pay all legal fees that the Distressed Real Estate Institute incurs protecting their copyright. In the event of legal action the laws of Florida will prevail and the case will be arbitrated in Florida by an arbitrator selected by the Distressed Real Estate Institute.
36. All material is copyright protected by Lex Levinrad and the Distressed Real Estate Institute™. Student agrees not to share access to any internal web sites that the Distressed Real Estate Institute provides including proof of funds letters, online training web sites, webinars, web sites used for making offers, web sites for searching for properties, forms and any other websites or software programs that are given to the student during the Partnership Program, Partnership Program Training or on the online training site either verbally or in written form, email or audio. In the event that student does share this information and damages occur via the sharing of this information student will incur all legal costs for the Distressed Real Estate Institute.
37. Student acknowledges that they are not relying on this Partnership Program to pay their bills, or meet their future expenses and the success of other students does not guarantee that student will meet with the same level of success and neither Lex Levinrad, nor the Distressed Real Estate Institute LLC or any of its coaches and or employees makes any financial promises and does not warrant or guarantee in any way that student will be successful at wholesaling either verbally or via any other means.
38. The Distressed Real Estate Institute and Distressed Real Estate Institute makes no promises either verbally or otherwise as to how much money student can make, or if they will be successful finding wholesale deals. Testimonials of success from other students do not necessarily mean that student will meet with the same success as past students.
39. It is recommended that the student get access to real time comparable sales data using sitexdata.com. There is a fee for using this service. Student will be responsible for maintaining an account with sitexdata.com in order to have access to accurate reliable comparable sales. The Distressed Real Estate Institute will not use other systems for purposes of comparable sales data and will only use sitexdata since that is the system that is used with all of our coaches, staff and students. We do offer a package where you can get access to 10 comparable sales comps for $40 or 40 comparable sales comps for $100 without having to sign up for a monthly subscription.
40. Student understands that student is more likely to be successful wholesaling if they are able to commit 100% of their effort full time to finding wholesale real estate deals using the methods and systems that are taught at the Distressed Real Estate Boot Camp and in the Partnership Program Training. Student acknowledges that the Distressed Real Estate Institute recommends a minimum of at least 20 hours per week of making offers in order to have a higher likelihood of success flipping properties.
41. Optimum success is achieved by students that are willing to devote at least 40 hours per week making offers online and talking to realtors and listing agents and student acknowledges this and agrees that their success will likely depend on the amount of hours that they spend looking for wholesale deals and making offers and the number of offers that they make.
42. It is recommended that the student attempt to submit at least 25 offers per week (100 per month) in order to have reasonable assurance of having some offers accepted. Student acknowledges that they are willing and are prepared to submit this many offers on a continuous basis in order to get houses under contract.
43. Student will be responsible for finding wholesale deals. The Distressed Real Estate Institute is not responsible for finding deals under any circumstances. Student should not expect the Distressed Real Estate Institute to find deals for them or to walk them through analyzing the pros and cons of a deal that is not yet under contract.
44. In the event that student asks for advice from support staff regarding a deal student acknowledges that support staff and all Distressed Real Estate Institute employees will not be held liable for anything at all related to your offers including offers not made or forfeited, deposits lost, deals missed etc. Under no circumstances will the Distressed Real Estate Institute Staff be held liable for anything related to any guidance given via email or over the phone or in person. It is the responsibility of the student to attend the Distressed Real Estate Boot Camp and the Partnership Program Training and the online trainings.
45. It is not the responsibility of the Distressed Real Estate Institute staff to “walk you” through your first deal and any guidance given shall be construed as simply guidance and suggestions and should not be considered as legal, tax, or financial advice and the student expressly acknowledges and understand that Distressed Real Estate Institute staff will not be held liable for support given and that Lex Levinrad and the Distressed Real Estate Institute will not be held liable for any advice or support given by any Distressed Real Estate Institute staff, employees or coaches.
46. Student will not share the details of any property under contract or any property that they are considering putting under contract with anyone other than the Distressed Real Estate Institute and or Lex Levinrad and or his staff. Student will not divulge prices paid, contract purchase prices, prices sold or any other information about the transaction. All information is considered private and confidential until the transaction has funded and closed and is only to be discussed between the Distressed Real Estate Institute staff and or the Distressed Real Estate Institute and student.
47. In the event that property is not wholesaled to an end buyer before the termination of the 7 day inspection period then the student will be responsible for cancelling the purchase contract in writing before the end of the expiration period (usually by day 5).
48. The student will need written confirmation that their purchase contract has been cancelled prior to the end of the expiration period. Upon cancellation, student revokes all rights to that property and the realtor that gave them that property since other students, the Distressed Real Estate Institute staff, our acquisitions department or other wholesalers and or associates of the Distressed Real Estate Institute might put the same property under contract. Student acknowledges that once they cancel a contract they revoke all future rights to profits from that property and any deals from that realtor or real estate agent.
49. Student will not hold Lex Levinrad or the Distressed Real Estate Institute responsible for deposits that are not returned to student under any circumstances. Lex Levinrad and or the Distressed Real Estate Institute will also not be liable for any actions taken by any title companies, or any other third parties that are not directly owned by the Distressed Real Estate Institute. The Distressed Real Estate Institute is not affiliated with any one specific title company and does not warrant or represent that they own or are affiliated with any one title company. We have no ownership interest in any title company. We simply “prefer” to do business with title companies where we have an established relationship. Lex Levinrad and the Distressed Real Estate Institute will not be responsible for the actions of third parties like loss of deposits or other actions from title companies under any circumstances.
50. Student is responsible for cancelling their contract prior to the end of the expiration period. The Distressed Real Estate Institute will not be responsible for deposits that are forfeited if student fails to cancel their contract within the inspection period. It is not the responsibility of Lex Levinrad or the Distressed Real Estate Institute staff to remind the student to cancel their contract. All cancellations must be in writing and signed by the seller and returned in writing to the student prior to the end of the inspection period. Verbal cancellations are not valid or binding and all cancellations should be in writing.
51. It is recommended that student never deposit an escrow deposit of more than $1,000 deposit on any property. There are no exceptions to this. Please keep in mind that any deposits may be at risk or may not be returned by the title company at all or may not be returned in a timely manner and therefore it is prudent and necessary and recommended for the student to put down as small a deposit as possible.
52. We recommend that the student not deposit their deposit in escrow until we have found a buyer and instructed the student to do so in order to have less risk of the student losing their deposit.
53. The Distressed Real Estate Institute will not assist student with their deposit of $1,000. This is the responsibility of the student regardless of how many properties the student has under contract.
54. In the event that student decides to sign a contract with a deposit amount greater than $1,000 student acknowledges that they are violating the advice of Lex Levinrad and the Distressed Real Estate Institute and will agree to hold Lex Levinrad and the Distressed Real Estate Institute harmless for any lost deposits. Please note that some entities like Fannie Mae will require 10% deposit which is an exception to this rule. If student’s funds are limited then do not make offers on properties requiring large deposits (like Fannie Mae) and understand that larger deposits means larger risks.
55. Student acknowledges that it is recommended that they have the financial ability to place deposits of at least $1,000 on at least 3 different properties at the same time (total of $3,000) and are not relying on this deposit money for paying bills or any other purposes or borrowing this deposit money from anywhere else or anyone and are not using debt like credit cards to finance their deposits and are using cash that they have available for purposes of making deposits.
56. Student acknowledges that they are in a financially sound situation where their month to month bills are being paid on time and that they have adequate financial resources to commit to the Partnership Program and adequate time to look for deals and make offers. If you are desperate to make money then please get a job and do not rely on this program to be your ticket to making fast money (there is no such thing)
57. Student also acknowledges that the cost of the Partnership Program will not be a burden to them financially and that they can afford to spend the money for training and that they are not borrowing the funds for the Partnership Program or borrowing money for the deposits on properties.
58. The Distressed Real Estate Institute will be responsible for finding buyers for wholesale deals that student finds. Student is free to find their own buyers but will not submit their deals to other wholesalers unless they also submit their deal to the Distressed Real Estate Institute.
59. Lex Levinrad and or the Distressed Real Estate Institute staff will coordinate with the title companies and facilitate double closings.
60. The ultimate decision to fund a deal will be at the discretion of Lex Levinrad and or the Distressed Real Estate Institute and will be based on the specifics of the deal. If there are any outstanding liens, title defects or any other concerns about the property then Lex Holdings, LLC will not fund the deal. Whether or not your deposit is up and is nonrefundable will have no bearing on this decision. Additionally, Lex Holdings, LLC will only fund the deal when the second closing (B C closing) is at one of our preferred title companies.
61. If an outside transactional funding company is utilized then the transactional funding fee that this outside company charges will be deducted from the gross profit and split evenly between student and Lex Holdings, LLC. In the event that any other title company is used other than one of our preferred title companies then Lex Holdings, LLC will NOT provide transactional funding and an outside transactional funding company will be retained for the purpose of funding the deal. The Distressed Real Estate Institute does not warrant that a third party transactional funding company will fund the deal and makes no promises or guarantees that a funding source will be available.
62. At no time will student circumvent this agreement by trying to sell a deal themselves to wholesaler or through any other wholesaler or anyone else other than Lex Levinrad and or the Distressed Real Estate Institute staff. Marketing and trying to sell a wholesale deal via email, online or via any other means like making flyers without the express written consent of the Distressed Real Estate Institute will be considered a violation of this agreement and will be grounds for terminating the student from the Partnership Program.
63. No refunds will be issued to students that are terminated for violating any terms of this agreement.
64. Student will at all times be respectful of Lex Levinrad and his staffs time and will always conduct themselves in a professional manner when interacting with the Distressed Real Estate Institute staff and or the Distressed Real Estate Institute coaches, associates and title companies.
65. If any of the above terms of this agreement are violated by the student, then the relationship between the Distressed Real Estate Institute and student will immediately be terminated and the student will still be responsible for paying any outstanding balances still outstanding for the cost of the Partnership Program as outlined at the beginning of this Partnership Program Agreement.
66. Student acknowledges that the purpose of the Partnership Program is to find and partner on wholesale deals that will be resold to cash investors in partnership with the Distressed Real Estate Institute. The purpose of the Partnership Program is NOT to do rehabs with the Distressed Real Estate Institute and we will NOT PARTNER WITH YOU on any fix and flip projects or rental properties.
67. Transactional funding is NOT hard money and we are not representing that we will loan you any hard money on any deals at any time.
68. The Student should consider that wholesaling is the preferred method that will be taught at the Distressed Real Estate Boot Camp and Partnership Program Training before entering into the Partnership Program. Students that want to fix and flip properties are encouraged to attend the Fixing and Flipping Houses boot camp (which is not the same as the Distressed Real Estate Boot Camp)
69. Student agrees to hold Lex Levinrad, the Distressed Real Estate Institute and all coaches, students, affiliates and employees of the Distressed Real Estate Institute harmless for any acts that might result out of students activities in real estate, buying and selling properties, making offers or otherwise both during and after the termination of the Partnership Program. Student agrees that the Partnership Program fee is not refundable since the cost of the materials and the Distressed Real Estate Institute’s time including support both during and after the Partnership Program sessions cannot be recovered. There are no exceptions to this under any circumstances.
70.This Partnership Program agreement and its contents are private and confidential and shall not be shared with or discussed with anyone other than Lex Levinrad, the Distressed Real Estate Institute or employees or associates of the Distressed Real Estate Institute.
I ACKNOWLEDGE THAT THERE IS NO REFUND FOR THE PARTNERSHIP PROGRAM UNDER ANY CIRCUMSTANCES</>