Minimum Transaction Fee

Agents must pay a minimum transaction fee to Real - even in the case where you waive the commission or offer a reduced commission.

The minimum split the agent can pay to Real is $500 for US Transactions ($650 CAD for Canadian Transactions). 

Note:

• If this is one of your first three transactions, the Brokerage fee will apply - in addition to the minimum commission split charged. 
• If this is a personal transaction, the $250 personal transaction fee will be charged. This is instead of a split paid to Real. 
• US Agents: even if you waive commission for an agent, the $30 BEOP fee will be applied as this covers broker review, E&O insurance, and processing of transactions.

How to Adjust to Minimum Commission:

If you see an error message on your transaction - such as "not Approved zero-commission deal," you must edit the transaction to meet the minimum commission requirements. 

Step 1: If you haven't already: login to reZEN. Once you are logged in, find the transaction you need to edit and click on it. 

Step 2: Once you are in the transaction, click Edit Transaction. This will open a module. Click Edit Deal Information to edit the commission amount. 

Step 3: A module will open. Toggle the commission from % to $, then enter the commission amount (be sure to comply with the minimum commission amount you agreed to in the ICA). 

Step 4: Please review your transaction to make sure all the information is correct. If everything is correct, please click Approve Commission Calculation & confirm when prompted.

That's it! You're Done! Once you approve the commission calculation, you will see Commission Validated in the top right corner of your deal. Please continue to Step 4: Broker Approval. If your Broker approved the transaction, you can go to Step 5: Send the CDA.