Tipalti is our third party payment processor. Real will calculate the amount you should be paid, then Tipalti will process the payment and move the funds from our account to your account. As soon as you transfer your license to Real, you need to setup your Tipalti account so we can pay you properly.
How to setup Tipalti:
If you have a personal real estate corporation (PREC), please follow the instructions to setup your PREC first - How to Set-Up your PREC in the Real App - CAD.
Step 1: Click Tipalti Account on the left side of reZEN
Step 2: Fill out your contact information - make sure your name matches the name on your bank account.
- If you want to be paid as an individual, select individual
- If you want to be paid as a company, select company and enter the name of your company.
Step 3: Enter your bank / payment information. ALWAYS select eCheck / Local Bank Transfer. This will allow you to enter a Canadian Bank with the proper format. Once again, please make sure all information entered matches the information on your bank account.
Step 4: Next, you will be asked to fill out your tax information. You can click the tax form questionnaire for help with how to fill out this section.
In many cases, you can click Other and select 8233.
Once you fill out your tax forms, click Next. You will return to reZEN. That's it! Your Tipalti is setup and you can start receiving payments.