REVAAMP VALUE PARTNER

PROCEDURE FOR REGISTERING AS A REVAAMP VALUE PARTNER

  • Complete a Revaamp Value partner registration form and submit same with a valid means of identification (National ID, International passport, Voters card, or Driver’s license).
  • Click on basic subscription to Juriscope Legal Tips and Subscribe Free as a Basic Subscriber.
  • Upon receipt of your form you shall be formally registered as a Revaamp value partner and subsequently issued an appointment letter as a programme promotions executive by Revacom.
  • If you are not already a registered contributor, download and complete Federal Mortgage Bank NHF2 form(individual registration form) Stating 022012821-1 as Employer Number
  • Tick on the “Employed Part Time” Box

CLICK HERE TO DOWNLOAD FORM NHF2 

  • Send completed form to a REVAAMP SUB-AGGREGATOR nearest to you to enable us open a contributory account for you at the Federal Mortgage Bank.
  • Upon receipt of your NHF number, we shall forward same to you via sms or e-mail.

                                                    DUTIES

  • Promoting and creating awareness for the programme.
  •  You shall be required to sponsor shortlisted pro-bono cases  the programme.
  • You shall be required to introduce other value partners.
  • You shall from time to time provide interest free loans to Revaamp Agents of your choice who bid for supply contracts under the programme.
  • You shall be required to introduce and sponsor Revaamp Agents.
  • You shall be required to secure and guarantee premium discount contracts under the programme.

                             BENEFITS ACCRUING TO A VALUE PARTNER

  • You shall be entitled to our free intermediation services to access mortgage loan from the National Housing Fund.

  • You shall have the opportunity to earn income by participating as a primary off-taker for real estate projects created under the programme.

  • Where a default is made on a transaction guaranteed by you, you shall be entitled to 60% of the accrued penalty fee.
  • You shall be entitled to introduce property/properties under the Revaamp Agency Scheme and shall be entitled to 60% of agency fee payable by the owner upon sale of the property; provided that where you introduce the property partially, you shall only be entitled to 20% of the agency fee payable by the owner.
  • Where you successfully refer a buyer for any property listed on the Revaamp Transactions Platform, you shall be entitled to the full agency payable by the buyer and 20% of agency fee payable by the owner of the property.
  • Where any person introduced to the programme by you successfully refers a property buyer, you shall be entitled to 5% of the agency fee payable by such a buyer.
  • You shall be entitled to introduce hotels under the Revaamp Agency Scheme and shall be entitled to 30% of the residual income due to Revacom whenever a Revaamp guest lodges in the hotel.
  • Where you successfully refer a guest to any Revaamp partner hotel through the Revaamp transactions platform, you shall be entitled to 70% of the residual income due to Revacom.
  • Where any person introduced to the programme by you successful introduces a hotel or refers a guest to guest to any Revaamp partner hotel, you shall be entitled to 5% of total income payable to such a person.
  • Subject to payment of yearly  service charge, you shall be entitled to earn income from bidding for contracts on the Revaamp bidding platform.
  • Subject of your payment of yearly service charge, you shall be entitled to 20% of yearly  service charge, payable by any value partner introduced by you.

                                    GENERAL TERMS

  • The maximum value of lots that can be allocated to each Revaamp value partner for each bid is ₦2,000,000.

  • Where a value partner desires to bid for contracts and earn income under REVAAMP PREMIUM DISCOUNT SCHEME, he/she shall be required to pay N10,000 yearly service charge payable to:

    BANK NAME: United Bank For Africa (UBA) Plc
    ACCOUNT NAME: REVACOM LIMITED
    ACCOUNT NUMBER : 1021769327 

  • Every agency fee or residual income (under the Hotel discount initiative) earned by a value partner shall be subject to deduction of an administrative fee 30% of the total amount where the value partner has not paid the yearly service charge. However where the value partner has paid the yearly service charge, the deduction shall be 10% of the total income.