Transaction Fee Reimbursement (Commissions)

This document outlines the process for entering an agent’s transaction fee reimbursement before posting a property. This procedure applies only to agents who have an approved Transaction Fee Addendum on file.

Some agents are permitted to collect more than the standard transaction or administrative fee on their closings. To ensure proper processing:

Step 1: Process the transaction according to Commissions guidelines

• Review the agent’s commission profile to confirm their standard transaction fee.
• Enter only the agent’s regular fee in the Transaction Fee field. Do not include any additional amounts collected from the client.

Step 2: Enter the Reimbursement Details on the Posting Screen

1. Navigate to the Reimbursement Payments section and click the + button.

   Fill out the fields as follows:

   • Person: Enter the agent’s name.
   • Flag 1099: Select This Vendor – receiving this check.
   • Amount: Enter the reimbursement amount
2. Click Save, then confirm by clicking Save again to complete the entry.

A Transaction Fee Reimbursement notification will automatically be sent to the agent once the transaction has been successfully posted.