Once Capped, the Post Cap Transaction Fee will be split proportionally between the lead agent and all other participants on the transaction.
If you are on a Team, the Team Leader and Team Member may be split proportionally between the Team Leader and Team Member per their Team Split on the particular transaction
OR
the Post Cap Transaction Fee may be paid completely by the Team Member or Team Leader, depending on the Team settings within reZEN.
The same is true if you are working with another Real agent on a transaction. If you Capped, your Post Cap Transaction Fee will be split proportionately between you and any other member on the Team.
Example #1:
- Beth is Team Lead
- Charles is Team Member
- Commission income is split 50/50 between Beth and Charles
- Beth and Charles have both capped. Transaction (Post Cap) Fee is $285 per transaction.
- A transaction closes with $10,000 GCI.
- The $285 transaction fee is split 50/50
- Beth pays $142.50 and Charles pays $142.50
Example #2:
- Beth is Team Lead
- Charles is Team Member
- Commission income is split 30/70 between Beth and Charles
- Beth and Charles have both capped. Transaction (Post Cap) Fee is $285 per transaction.
- A transaction closes with $10,000 GCI.
- The $285 transaction fee is split 30/70
- Beth pays $85.50 and Charles pays $199.50
- Beth takes home $2,914.50 and Charles takes home $6,800.50
Example #3:
- Beth is Team Lead
- Charles is Team Member
- Commission income is split 30/70 between Beth and Charles
- Beth is capped. Charles has not capped.
- Transaction (Post Cap) Fee is $285 per transaction.
- A transaction closes with $10,000 GCI.
- The $285 transaction fee is split 30/70
- Beth pays 30% of the $285 transaction fee ($85.5).
- Beth takes home $2,915.50
- Charles pays his 15% split - $1,050.00 to Real.
- Charles Receives $7,000 Gross Commission
- Charles pays 15% to Real - $1,050
- Charles keeps $5,950.
Example #4:
This is the same as example 3, only Shane and Annalisa are not on the same team. However, the post cap fee is split the same way as if they were on a team.
- Annalisa is a solo agent. Annalisa has capped.
- Shane is a solo agent. Shane has not capped.
- Commission income is split 30/70 between Annalisa and Shane
- Transaction (Post Cap) Fee is $285 per transaction.
- A transaction closes with $10,000 GCI.
- The $285 transaction fee is split 30/70
- Annalisa pays 30% of the $285 transaction fee ($85.5).
- Annalisa takes home $2,915.50
- Shane pays his 15% split - $1,050.00 to Real.
- Shane Receives $7,000 Gross Commission
- Shane pays 15% to Real - $1,050
- Shane keeps $5,950.