To add a referral fee, within your transaction page go to the Commissions tab and select the side your brokerage represents. Select the side your brokerage is representing and add the required type of deduction.
Brokermint gives two options of adding a Referral fee and it depends on who's paying it:
- If it's coming off the top it would be a pre-split deduction
- If it's coming from the agent after they've received their split, it would be a post-split deduction
If you are tracking your referral fees, do not forget to add your tag, enter the amount or percentage of the referral, and fill in the name of the payee.
Please, watch the video below for a detailed description of how to add a Referral fee.