How to pay a referral to my previous Brokerage

If you owe money to your previous Brokerage (e.g. for deals you brought from your previous Brokerage), you will need to add them as a referral on your transaction. Keep reading for step-by-step instructions:

How to pay your previous Brokerage:

• Before starting, please ask your previous Brokerage to:
  1. Provide a copy of their W9; and 
  2. Confirm the amount owed to the previous Brokerage. This can be done in a Listing Transfer Agreement provided by your previous Brokerage. If nothing is provided, ask them to sign a Referral Agreement that stipulates the amount owed to them. 
• If you haven't already, make sure you enter your deal in reZEN or mark your listing under contract:
  • Step 1: Enter your deal in reZEN
  • Step 1: Enter your deal in reZEN - Canada
• Now that the deal is created, we need to add your Previous Brokerage as a Referral. Go to the Payment Participants section in reZEN and click Click + Adjust Commission (%) / splits.

• Click + Add Participant

• In the module that opens:
  • Select External Participant as the type
  • Select Referral as the role
  • Type your previous brokerage name, EIN, and contact information.
  • Attach a copy of the W9 for your previous Brokerage. 

• Adjust the commission split for the referral, then click Update.
  • For example, if you owe 25% to your previous Brokerage, enter 25% for them and 75% for you. 

You should now see the payment to your previous Brokerage entered as a Referral on the deal.