You are able to designate a beneficiary to receive a portion of your revenue share after you pass away.
- How does it work?
- Who can be a beneficiary?
- How do I designate my beneficiary?
- How do I change my beneficiary?
How does it work?
For every full year of tenure with Real, 20% of your revenue share will be paid to your designated beneficiary. You must have been with Real for at least one full calendar year from your Join Date, which can be found on your reZEN profile. The percentage increases with each year of tenure:
One Year from join date → 20%
Two Years from join date → 40%
Three Years from join date → 60%
Four Years from join date → 80%
Five or more years from join date → 100%
Example 1. If you have been with Real for 2 years and 7 months prior to your death, your beneficiary would receive 40% of the Revenue Share to which you would have been entitled.
Example 2. If you have been with Real for 8 months prior to your death, you will have not met the one year requirement and therefore your beneficiary would not be entitled to any Revenue Share.
Revenue Share will continue to be paid (based on the percentages above) to your beneficiary for their life, and will stop upon their death.
Who can be a beneficiary?
Who you can name as your beneficiary will vary state to state. We recommend you consult with an attorney for guidance.
Note that while members of a domestic team can name a beneficiary, if there is a surviving member of the team, the surviving member automatically becomes the beneficiary of the revenue share regardless of who is named in reZEN. Once the surviving member passes, the revenue share will go to the beneficiary named by the surviving member.