Once my referral closes/settles when do I receive my referral fee
Once your client has closed/settled on their home the agent assigned to the deal must get paid first. The closing coordinator will issue a check to the brokerage that agent is placed under.
Once the assigned agent's broker receives the check, it is their responsibility to send it to Realty Connect.
Typically the W-9 of Realty Connect would have already been requested and sent by this time.
Once Realty Connect has received a check for your referral, you will be notified via email with a request for a copy of your completed W-9 and confirmation of how you would prefer to get paid.
TIP: You can request a blank W-9 and have it filled out and sent back in prior to the closing of your referral. Please reach out to email@example.com with a request for a blank W-9 to speed up the payment process.
Once Realty Connect has a completed W-9 from you and you have selected whether you want your check via mail or electronically our Executive Admin will complete the payment process based on your chosen method.
CAUTION: DUE TO USPS IF SENT BY MAIL PLEASE ALLOW 3 WEEKS FOR THE CHECK TO ARRIVE AS WE HAVE SEEN MAJOR DELAYS.
NOTE: Realty Connect uses a form of e-check called Deluxe Payment Exchange