Perch Referral Program Terms and Conditions
Last modified: July 6, 2022
Effective date: July 6, 2022
This document sets out the terms and conditions (the “Terms”) applicable to the Perch Referral Program (the “Program”).
1. General
The Program is available on an ongoing basis, subject to any modification or termination of the Program by us. The Program is available to users that have signed up with Perch as a Client (the ”Referrer”). The offer will include a unique code or link to share with friends/family/colleagues of the Referrer (a “Referral Link”). The Referrer represents and warrants to Perch that all persons to whom they provide a Referral Link are known by the Referrer (“Referees”).
2. Referral Bonus Conditions
Both Referrer and the Referee will be eligible for a Referral Bonus for referrals that result in new users who sign-up with Perch using Referral Link and close their first mortgage deal with Perch within 2 years of the date of the Referee sign-up. All subsequent deals or deals made after 2 years that the Referee closes with Perch will not earn any Bonus for the Referrer or the Referee.
The amount earned by the Referrer and Referee as Referral Bonus will be 5% each (average of $225) of the gross commission Perch earns on the deal.
The Referee will have the option to redeem the referral bonus for an equivalent lower interest rate rather than receiving a cashback. If the Referee decides to exercise this option, there will be no amount paid to the Referee as cashback.
From the date the Referee closes the deal with Perch, any applicable referral bonus will be paid to the Referrer and/or Referee using Interac e-transfer within 2 weeks. The sender will be listed as ‘Perch Mortgage Brokerage’.
3. Termination, Suspension or Modification
Unless otherwise stated, these Terms shall take precedence over any other materials promoting the Program. We reserve the right, without prior notice, to terminate, suspend or modify the Program or any part of it. This includes suspending, disqualifying, limiting, or revoking access to the Program for any individual we find or believe to be manipulating or otherwise abusing the process, fairness or integrity of the Program. Referral Bonuses paid through fraudulent activities or activities which violate these Terms will be null and void and repayment may be required by Perch.
4. Canada’s Anti-Spam Legislation (CASL)
The Referrer acknowledges that they are subject to Canada’s Anti-Spam Legislation (CASL) and agrees that they will only send one email or text message to each Referee relating to the Referral Program. The Referrer is responsible for familiarizing themselves with their obligations under CASL and conducting themselves accordingly.
5. Taxes
The Referrer acknowledges that they are responsible for any obligations relating to tax reporting that arise from payments made to them under the Program.
6. Protection of Personal Information
By participating in the Program, each Referrer and Referee consents to the collection, use, disclosure, and retention of their personal information for the purposes of administering the Program and Referral Bonus fulfillment. For additional information, please see our Privacy Agreement at: https://myperch.io/privacy-policy/.
7. Acceptance
By sharing a Referral Link, the Referrer confirms they have read and understood these Terms and agrees to be bound by them. Any notice provided by us with respect to these Terms will be deemed provided on the day it is posted on our website.
8. Governing Law
These Terms and the Program shall be governed by the laws of the Province of Ontario and the laws of Canada applicable therein.
