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Brokers' Incentive Policy
The Board of Development shall pay a registered broker/realtor a 5% incentive on land valued up to $1 million and a 4% fee on land valued over $1 million (based on the lesser value of the fair market value of land or the claw back price in the closing contract) for locating a business on land owned by the Greenville Board of Development or the Greenville Economic Development Corporation. This incentive shall be paid when a certificate of occupancy is issued per the requirements of the completion agreement between the Greenville Board of Development and the company.
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