Agmt 2016 Bay Area Home Buyer Agency 3055

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EXHIBIT B COMPENSATION SCHEDULE Consultant shall bill City on a quarterly basis for services rendered on billing rates based on actual hours or unit costs applied towards services as described below: General Program Development and Advancement Continued program design and structure review FTHB & BMR Document and colateral material design, standardization and production FTHB & BMR - staff support Gross projected costs for one time expenses Genera/ Program Administration (not to exceed amounts) Ongoing Program administrative activities and support Ongoing professional community/sector support and activities Gross projected costs forprogram administration (annual) Deliverables (cost will vary based on units delivered) Seminars Post purchase workshop Annual monitoring of BMR/FTHB units fee divided and paid quarterly Homebuyercounseing for BMR and open market purchases ' Administrative fee for sales BMR transactions - new sales and resales Refinance of BMR and/or FTHB loans Gross projected costs for deliverables (annual) BMRs Sales and Resales — Charge billed to and incurred by seler GROSS PROJECTED ADMINISTRATIVE COSTS Cost Per Hours Hour fes Total Cost Category 2 $160.00 $320 2 $60.00 $120 $440 per qtr $1,500 $6,000 per qtr $500 $2,000 $2,000 $8,000 Total Projected Cost Per Units Per Un it Cost Category 2 $2,500 $5,000 1 $2,000 $2,000 60 $175 $10,500 25 $125 $3,125 3 $500 $1,500 5 $500 $2,500 $24,625 Total Projected Cost Per Units PerUnk cost Categary 3.00% of sales price $33,065 Costs will varybased on the numberof units delivered - which is unknown at this time ifacti4ty is greater than anticipated the amount under the contract could exceed the budgeted amount The costs incurred through the resale of BMR units wdibe paid by the seer, however, certain circumstances (such as a default on the unit) may require that the City to be responsible for paying fees associated with the sale of the unit Non -City Potential Fees The fees depicted below may be earned by BAHBA and it's Administrative Arm First Home, Inc. through the representation of sales and financing of homeowners who may or may not be utilizing the City's BMR or FTHB Programs. AN Program participants are and will be encouraged to utilize their own preferred lender and/or real estate agent and are under no obligation to utilize the real estate sales and financing services offered through First Home, Inc. and its affiliates. Financing related flees Points charged for loans range from 0.75% to 2.5% First and subordinate ban (excluding FTHB ban) processing fee will not exceed $500 depending on the complexity of the transaction ' File administrative fees forthe first loan and subordinate fee (excluding City ban) will not exceed $1,000. depending on the complexity of the file Buyerand Sellerreal estate sales representation ' All FTH B (non BMR) buyer transactions represented by FHI or its affiliates will be paid and based upon the customary compensation industry standard in the region. Normally paid by the seller and ranging from 2.5% to 3.0% of the purchase price Consulting Services Agreement between City of San Leandro and Last revised July 1, 2016 BAHBA for Homebuyer Program—Exhibit B Page 1 of 1