- On October 18, 2018
RESAAS Services Inc., a cloud-based technology platform for the real estate industry, is pleased to announce the launch of RESAAS Pay, a seamless way to send and receive referral fees.
RESAAS Pay is the first of its kind in the real estate industry, allowing agents to easily send payment for a referral fee through RESAAS.
“Agents have been using RESAAS to find referral partners for years, and we’ve helped thousands of transactions occur within our community of agents worldwide,” said Tom Rossiter, CEO of RESAAS. “Through consistent demand from our agents, we are pleased to provide a more modern approach to paying referral fees with RESAAS Pay. RESAAS Pay closes the loop on the referral experience, and provides additional peace-of-mind, security and ease of payment for the agents involved.”
For years, a cheque has been the most common method of payment for referral fees. Cheques are slow to process, difficult to track, quite insecure and inefficient. RESAAS Pay provides agents with a way to pay the referral fee using credit cards, allowing them to earn points or airmiles.
One of RESAAS’ longest clients is RE/MAX, a company that is in more countries and territories than any other real estate brand. RE/MAX has used RESAAS extensively since 2014, under the label of the “RE/MAX Referral Exchange,” to facilitate referral business amongst their agents worldwide. RESAAS Pay will be available to all 123,000 real estate associates in the global RE/MAX network.
“RE/MAX Referral Exchange provides our network a valuable and convenient means to connect with other agents and facilitate referrals,” said RE/MAX Vice President of Global Development, Shawna Gilbert. “RESAAS Pay now gives our associates the ability to complete an entire referral transaction, from introduction to close, on one convenient platform.”
In addition to the consistent demand from agents, RESAAS has also used product surveys and user research to identify the strong need for this advancement in the industry. Over one thousand agents using RESAAS expressed that RESAAS Pay would provide an immense amount of value to their business.
Agents paying the referral fee can use their VISA, Mastercard or American Express credit cards, and agents receiving the payment will have the fee deposited directly into their bank account using ACH or direct deposit. Within brokerages or jurisdictions where referral fees must be paid to the Broker, RESAAS Pay will follow these regulations.
RESAAS will charge a transaction fee for each referral to facilitate the transfer of funds.
RESAAS Pay will initially be launched in the United States, and shortly thereafter globally in multiple currencies to satisfy the international referrals RESAAS facilitates.