Rules & Regulations

Understanding the DeedDraw program guidelines

Quick Reference

💰

Entry Fee

$2,000 per point

🎯

Points Calculation

1 point per $500,000 transaction

🏆

Prize Pool

$500,000 total prizes

🎲

Drawing Trigger

When 400 points reached

Detailed Rules & Regulations

Eligibility Requirements

+
  • Participants must fall into one of the following categories: Real Estate Agents & Brokers, Developers, Sales & Marketing Teams, Mortgage Brokers, or Individuals
  • Licensed professionals must provide valid professional license documentation (where applicable)
  • Individual participants must be 21 years or older
  • Must have completed at least one qualifying transaction in the past 12 months from the date of registration for the program
  • All transactions must be conducted within Canada to qualify for the program
  • Corporate entities must designate a single representative for participation

Point Calculation System

+

Point Value

  • Each $500,000 CAD in transaction value earns 1 point
  • Minimum transaction value: $500,000 CAD (1 point)
  • Points are calculated as whole numbers only (no decimal points)
  • Rounding system: Transaction values are rounded up to the next possible point amount (e.g., $751,000 CAD rounds up to 2 points as it's closer to $1,000,000 CAD than $500,000 CAD)
  • Points cannot be transferred between participants

Qualifying Transactions

  • Residential and commercial real estate sales
  • New construction sales
  • Development project completions
  • Mortgage originations and refinances

Documentation Requirements

  • Signed purchase agreements or closing statements
  • Commission statements or payment records
  • MLS records where applicable
  • Documentation must be provided only if selected as a winner for verification purposes

Registration & Payment

+

Entry Process

  • Complete online registration form with all required information
  • Submit transaction documentation for verification
  • Pay $2,000 CAD per point earned
  • Payment must be completed within 7 days of point calculation
  • All transaction values and fees are in Canadian Dollars (CAD)

Flexible Registration Options

  • Participants are not required to register all available points from a single transaction
  • Example: A $2,000,000 CAD transaction earns 4 points, but participants can choose to register only 1 point
  • Each point requires a separate $2,000 CAD registration fee when activated

Payment Methods

  • Credit card (Visa, MasterCard, American Express)
  • e-Transfer
  • All payments are non-refundable once drawing is triggered

Payment Security

  • All payments processed through secure, encrypted channels
  • Payment confirmation sent via email
  • Full transaction records maintained for audit purposes

Prize Structure & Distribution

+

Prize Pool Breakdown

  • Grand Prize: 1 winner × $300,000 CAD = $300,000 CAD
  • Second Tier: 2 winners × $50,000 CAD = $100,000 CAD
  • Third Tier: 2 winners × $25,000 CAD = $50,000 CAD
  • Fourth Tier: 10 winners × $5,000 CAD = $50,000 CAD
  • Total Prize Pool: $500,000 CAD

Winner Selection

  • Random drawing conducted by certified third-party auditor
  • Each registered point equals one entry in the drawing
  • Winners cannot win multiple prizes in the same drawing
  • Drawing held within 30 days of reaching 400 points

Prize Distribution

  • Winners notified within 48 hours of drawing
  • Winners must provide complete transaction documentation within 2 weeks of notification
  • Required documents: signed purchase agreements, closing statements, commission records, and MLS records (where applicable)
  • If a winner fails to provide adequate documentation within the 2-week deadline, they forfeit their prize and a new winner will be drawn from remaining eligible entries
  • Prizes paid via certified check or wire transfer after successful verification
  • Tax documentation (1099) provided for all prizes
  • Prize payment completed within 30 days of winner verification

Drawing Process & Timeline

+

Drawing Trigger

  • Drawing automatically triggered when 400 total points are registered
  • Registration closes immediately upon reaching 400 points
  • No additional entries accepted once trigger point reached

Drawing Procedure

  • Conducted by independent, licensed auditing firm
  • Random number generator certified by gaming commission
  • Drawing witnessed by minimum of three independent parties
  • Complete video documentation of drawing process

Timeline

  • Day 0: 400 points reached, registration closes
  • Days 1-7: Final verification of all participants
  • Days 8-15: Drawing preparation and setup
  • Day 16-30: Official drawing conducted
  • Days 31-60: Winner verification and prize distribution

Legal Terms & Conditions

+

General Terms

  • All participants must agree to complete terms and conditions
  • DeedDraw reserves the right to verify all submitted information
  • False or misleading information results in immediate disqualification
  • All decisions by DeedDraw management are final

Dispute Resolution

  • All disputes resolved through binding arbitration
  • Arbitration conducted under American Arbitration Association rules
  • Venue for arbitration: Los Angeles, California
  • California state law governs all aspects of the program

Limitation of Liability

  • DeedDraw liability limited to refund of entry fees
  • No liability for technical issues, system downtime, or data loss
  • Participants responsible for accurate tax reporting
  • Force majeure events may delay or cancel drawing

Privacy Policy

+

Information We Collect

  • Personal information: Name, email, phone number, address
  • Professional information: Real estate license number, category, company details
  • Transaction information: Property sale documents, MLS numbers, transaction dates
  • Account information: Points earned, referral codes, payment history

How We Use Your Information

  • Leaderboard Display: Your name and professional category will be publicly displayed on our leaderboard when you have earned points
  • Winner Announcements: If you win, your name, category, city, and photo may be used for promotional purposes on our website and marketing materials
  • Communication: We use your email and phone number to send program updates, drawing notifications, and important announcements
  • Verification: Your license number and transaction documents are used to verify eligibility and calculate points
  • Payment Processing: Your payment information is securely processed for entry fees and prize distributions

Public Information

  • Your first name, last name, professional category, and city are publicly visible on the leaderboard
  • Your total points earned are publicly displayed on the leaderboard
  • Winner information (name, category, city, prize amount) will be publicly announced
  • Testimonials and winner stories may be featured on our website with your consent

Information Security

  • All personal information is encrypted using industry-standard SSL/TLS protocols
  • Payment information is processed through PCI-compliant payment gateways
  • Access to sensitive data is restricted to authorized personnel only
  • We implement regular security audits and updates to protect your information

Your Rights

  • You have the right to access your personal information at any time
  • You can request corrections to inaccurate information
  • You can opt-out of promotional communications (program-related notifications are mandatory)
  • You can request deletion of your account after all transactions are completed

Data Retention

  • Account information is retained for the duration of your participation
  • Transaction records are kept for 7 years for tax and legal compliance
  • Winner information is permanently retained for transparency and promotional purposes
  • Marketing opt-outs are honored immediately and permanently

Disclaimer

+

No Guarantee of Winning

  • Participation does not guarantee winning any prize
  • Drawing results are determined by random selection process
  • Higher points increase chances but do not guarantee selection
  • Past participation does not influence future drawing outcomes

Program Changes

  • DeedDraw reserves the right to modify rules, prizes, or program structure with 30 days notice
  • Changes to entry fees require existing participant consent
  • Drawing date may be adjusted based on point accumulation timeline
  • Prize values are subject to change based on total pool accumulation

Tax Responsibilities

  • Winners are solely responsible for all federal, state, and local taxes on prizes
  • DeedDraw will issue 1099 forms for prizes valued at $600 or more
  • Tax withholding may be required for non-resident winners
  • Consult with a tax professional regarding your specific tax obligations

Professional License Verification

  • All real estate license information is verified through state licensing boards
  • Inactive, suspended, or revoked licenses result in immediate disqualification
  • Participants must maintain active license throughout the program period
  • DeedDraw is not responsible for verifying license status changes

Third-Party Services

  • Payment processing is handled by third-party providers (Stripe, PayPal)
  • We are not responsible for third-party service interruptions or data breaches
  • MLS data is obtained from third-party sources and subject to their accuracy
  • Email delivery depends on third-party email service providers

Contact & Support

+

Customer Support

  • Email: support@deeddraw.com
  • Phone: +1 - (604) 670-8080
  • Hours: Monday-Friday, 8:00 AM - 6:00 PM PST
  • Response Time: Email responses within 24 hours

Document Submission

  • Secure Portal: Available after registration
  • Email: documents@deeddraw.com
  • Mail: DeedDraw Document Center
    828 Harbourside Dr
    North Vancouver, BC V7P 3R9

Legal Inquiries

  • Email: legal@deeddraw.com
  • Mail: DeedDraw Legal Department
    828 Harbourside Dr
    North Vancouver, BC V7P 3R9

Need More Information?

Our support team is here to help with any questions about the DeedDraw program.