Set minimum exchange commission/fee - configuration option
This guide has been reviewed against our global client base and classed as relevant to all regions
A configuration option is available which, when enabled, allows a minimum exchange commission/fee to be specified for all properties
To enable this configuration option, click here to contact Reapit Support
1. Minimum commission/fee configuration When enabled, your business can decide how the minimum commission/fee configuration will work:
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2. Minimum fee amount Access the property financial screen:
| In this example:
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3. Property exchanged When processing the exchange and the Commission Details stage of the Exchange Wizard is reached
| In this example, the property is exchanging at £600,000 and the fee was set to be 0.75% of the price (i.e. £4,500), however, the minimum fee configuration is set to 1% of the exchange price Therefore, when reaching this stage, the Company's fee is automatically changed to 1% of the exchange price (i.e. £6,000) |
4. Changing the Company's fee at exchange If the user processing the exchange attempts to change the Company's fee figure:
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