What does the Admin Fee cover?

The admin fee covers the human resources that @realty provides during the prospecting, listing and settlement process of the property lifecycle. This fee will supplement the need for you to hire your own staff for the below services.

Prospecting Stage

As a member of the @realty network you have access to the use of the Graphic Design team’s services to design marketing materials for prospecting purposes including:

• Letterbox drops

• Social media tiles

• Bus stops

• Business cards

• and more!

The Marketing team has templates ready to be used for most marketing items, however the team can create custom items, you just needs to provide the content. 

To learn more about the Marketing Team’s services click here.

Listing Stage

During the listing stage the Marketing team will design the required materials and liaise with the suppliers for order fulfilment and billing. This will include items such as signboards, brochures, photography etc. 

The Accounts will manage receipting of marketing funds and payment of funds to suppliers.

Settlement Stage

When an offer is received, the Settlements team will work with you to ensure the required documentation is received for a compliant file. The team will request the necessary documentation from the counterparties and include you in the communication.

During this time the necessary commission requests will be generated and sent to the appropriate counterparties and the Settlements team will work to ensure timely payment. 

Upon proper confirmation, the Accounts team will disburse payments from the trust account to the appropriate parties.

Compliance and Advice

The Compliance team monitors overall compliance for transactions to ensure documentation is correctly completed and provided. 

In addition, the Compliance team can provide advice on regulatory matters or circumstantial situations with clients or other counterparties. 

Fee Calculation

This is a fixed fee of $695 + GST that is charged on the settlement of the property or release of funds. This fee can vary depending on the Gross Commission amount and if there is a conjunction.

If the Gross Commission amount is $5,500 inc GST or less, the admin fee is reduced to $350 + GST.

If there is a conjunction on the deal, then the admin fee is prorated based on the split the @realty agent will retain.

For example if the @realty agent is keeping 70% of the commission and another agent is keeping 30% of the commission, the admin fee is reduced to 70% of $695 + GST, or $486.50 + GST.