Hey everyone,
Starting May 1, Carolina Elite will be implementing a $199 transaction fee per closing, per buyer and/or seller transaction. This fee will be added as a default item in Dotloop beginning May 1, so you’ll see it already included when preparing both buyer agency and listing agreements. The goal here is simple, this allows us to continue offering strong commission plans for our agents while keeping fees where they are, and still support each transaction at a high level.
A couple quick notes to keep things smooth:
• For buyer agency agreements, this fee should be addressed with your buyers
• For listing agreements, this fee should be addressed with your sellers
• The fee is charged to the buyer and/or seller and will appear on the closing statement
• It is not an agent fee unless it is not included on the closing statement, in which case it will be deducted from the commission
• It is only charged if the transaction closes
Nothing else changes. This is what allows us to keep our commission structure exactly where it is, including our $200/month 100% option and 85/15 split with no monthly fees.
This is simply part of how we continue to support each transaction from start to finish, covering compliance, file review, and the behind-the-scenes work required to keep everything audit-ready.
Simple way to explain it to clients:
“This is a standard $199 brokerage transaction fee that covers compliance, file review, and administrative processing to make sure everything is handled correctly through closing. It’s a one-time fee paid at closing.” In the scope of a real estate transaction, this is a small fee and typically not an issue when it’s explained clearly and upfront.
As always, if you have any questions or want help structuring it into your agreements, just reach out.
– Gary
