TitleCapture has updated its Real Estate Compensation functionality on the Seller Net Sheet and Buyer Estimate as of August 13, 2024.
For Seller Tools, the Real Estate Compensation section allows you to specify how much compensation will be allocated to the Seller's Agent and the Buyer's Agent, respectively. You can select between a percentage of Sales Price or a flat amount. The seller will be responsible for any entered amounts.
This section also includes the option to enter a Flat Transaction Fee. This fee name/label can be modified upon request. Additionally, it can have a different label on a state-by-state basis. Please have your title company admin contact support@titlecapture.com if you require modifications.
For Buyer Tools, the updated compensation section allows you to enter the Buyer's Agent Compensation as a percentage or a flat amount. If the buyer is not paying for the compensation at all, you can leave this section blank.
The section also includes the option to enter a Flat Brokerage Fee. This fee name/label can be modified upon request. Additionally, it can have a different label on a state-by-state basis. Please have your title company admin contact support@titlecapture.com if you require modifications.
NOTE: TitleCapture has multiple solutions for Ohio Real Estate Compensations due to unique local practices. For further information, click here.
NOTE: The Seller's Agent Compensation section can be used to offset the Buyer's Agent Compensation. For further information, click here.
