In the U.S.:
A $50 fee per transaction, which covers broker review and processing, will be assessed on every transaction the company processes.
In Canada:
A $40 fee per transaction, which covers broker review and processing, will be assessed on every transaction the company processes.
Why does Real charge a CBR Fee?
This fee covers broker review and processing.
We charge a minimal fee to help cover our operating costs as we continue to offer some of the industry's most competitive economic incentives while delivering top-tier technology and support.
You can see an overview of all fees here: How much does it cost to hang my license with Real?
What happens if there are other Real agents on the transaction?
If there are any other Real agents on the transaction, the CBR fee will be split amongst the participants based on each agent's split of the Gross Commission.
For example:
- Mary receives 75% of the Gross commission. Mary will pay 75% of the CBR fee.
- Tom receives 25% of the Gross Commission. Tom will pay 25% of the CBR fee.
What happens if I am on a team?
If you are on a team, the CBR fee split will be determined by the team configuration. Your team may or may not cover a portion of your CBR fee.
Is the CBR fee charged on both sides for dual representation transactions?
Yes, if you are representing the buyer and seller on a transaction (dual representation) the CBR fee will be charged on each side.