During our annual Help-U-Sell Success Summit, several brokers requested we add a Sold and Saved $x,xxx banner to all Sold listings on the broker websites.
Last week, we worked on this feature and launched it over the weekend. You will now have the option to show either a Sold banner on your sold listings, or the Sold and Saved $x,xxx banner.
We calculate the dollar savings by taking the amount you reported on the listing side of the transaction (if you represented the seller only), add 3% for the selling side, then compare the savings to a 6% commission. If you represented both the seller and the buyer, we take what you reported on both the listings and selling sides and compare it to a 6% commission.
We also are aware that in some cases, such as REOs, you may receive a full 6% on the transaction and therefore have $0 savings. To account for this, we will only display the Sold and Saved banner when the savings exceed $1,000. When the savings are below $1,000, we will only display the Sold banner.
We look forward to your feedback on this new feature. We also want to thank the brokers who participated at this year’s Success Summit and came up with this and several other great initiatives.