Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyer agents, according to an announcement on Thursday.
In a release, Payload said it created the solution in response to the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement, and the potential changes to buyer agent compensation.
Payload is anticipating that due to the required buyer representation agreements and removal of compensation offers from the MLS, some agents will explore different fee structures, such as an upfront retainer fee that is credited against the final commission, an hourly fee, showing fees and al a carte service fees with set prices for things my market analysis consultations and contract negotiations.
Payload has designed a tool to help agents bill their buyer clients. The tool offers flexible payment operations, allowing clients to choose from multiple payment methods including credit card, mobile wallets or ACH, and itemized invoices.
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