Paying your Transaction Coordinator is easier than ever - TCs can now be paid directly through reZEN with no splits or fees! You can pay your Transaction Coordinator in a few simple steps.
Step 1: Click Adjust Commission (%) / Splits in the Payment Participants section. Then, click +Add Participant.
Step 2: If your TC has a reZEN account, select Real Agent and Transaction Coordinator as the Role. Then, search your TC’s name under Name of Participant. (If your TC is also a licensed agent, be sure to select the correct TC profile.) Then, click Add Participant.
If your TC does not have a reZEN account, you can add them as an External Participant.
Pro Tip: Add your TC to your directory to save their information and W9 for next time!
Note: If you would like to set up a reZEN account for your transaction coordinator to enter and manage your deals in reZEN from their own account, reach out to support@therealbrokerage.com. Support will assist with setting up a free TC account to make TC payment even easier!
Step 3: Enter the amount owed to the TC. This amount will be deducted from the Agent’s Net Commission and paid to the Transaction Coordinator. Then, click Save.
That’s it! Now, your Transaction Coordinator will appear as a payment participant. No splits and fees will be collected from the Transaction Coordinator.
How to split Transaction Coordinator payments
If there are multiple agents representing a client or getting paid on a transaction, you can split the payment to the Transaction Coordinator among the Payment Participants. Anyone who is responsible to pay a portion of the TC Payment must be added to the transaction as a Payment Participant.
To get started with splitting the TC Payment, click Adjust Commission (%) / Splits.
Scroll to the Non-commission Participants section and click +Add Agent. Then select the agent who will be splitting the TC Payment. Finally, designate what portion of the TC payment each agent will pay.
Now, the TC Payment is deducted from the Net Commission of each agent according to the splits that were entered in the previous step.
That’s it, you’re done!
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