Every year, you pay your Brokerage fee on your first three transactions. If you are very productive at the beginning of your anniversary year, you may have noticed you were charged the Brokerage Fee four times.
Why is that?
- The system will automatically apply the brokerage fee to your transactions
- until you close your third transaction.
No worries - after your third transaction is closed, we will recalculate your pending transactions and remove the Brokerage Fee from other transactions so you don't overpay. If you close your first three deals of the year on the same day, we will pull the Brokerage fee out of the fourth transaction and send the money to you.
Brokerage Fees
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Every transaction you enter will have the Brokerage fee deducted - until you close your third transaction.
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Once you close your third transaction, we will no longer deduct the Brokerage Fee on your transactions.
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This means if you entered a transaction before you closed that third deal, we need to recalculate the commission on this transaction.
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When we recalculate, we will remove the Brokerage Fee (and you will be paid more).
Example: Bernard's First 4 Transactions
Bernard is a Top Producing Agent. If you’ve ever been to Washington, DC, you know who he is. His billboards are everywhere. Real is stoked to have him.
On June 1st Bernard adds 4 transactions to reZEN:
1 Main Street - closing Jul 1
2 Main Street - closing Jul 1
3 Main Street - closing July 7
4 Main Street - closing Jul 10
Bernard's commission will be recalculated for 4 Main Street deal once 3 Main Street closes.