Announced on Thursday, the new payment and billing tool from Payload is tailored specifically for buyer agents, providing a secure payment solution for their clients.
Responding to the terms of the recent nationwide commission lawsuit settlement agreement by the National Association of Realtors, Payload aims to address potential changes in buyer agent compensation.
With the anticipated shift towards buyer representation agreements and the removal of compensation offers from MLS listings, agents may explore alternative fee structures. These could include upfront retainer fees credited against final commissions, hourly fees, showing fees, and a la carte service fees with set prices for services like market analysis consultations and contract negotiations.
Payload’s innovative tool is designed to assist agents in billing their buyer clients. Offering flexibility in payment options, clients can choose from various methods such as credit cards, mobile wallets, or ACH payments, along with detailed itemized invoices.
Related