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Boost Engagement by Effectively Utilizing the Compensation Field for Your Listings

Learn how to enhance transparency and attract more leads with clear commission details.

Why This Feature Matters

The Compensation field allows agents and brokers to customize commission information for their listings, fostering transparency and improving communication. By providing clear compensation details, you not only ensure compliance with local MLS rules but also build trust with potential clients. This level of transparency can attract more leads and increase engagement.

Step-by-Step Instructions

  • Accessing the Compensation Field:

    1. Navigate to the Listings tab and click on Featured Listings.
      Click Featured Listings on listings tab
    2. Select the specific listing for which you want to add compensation information.Add compensation information for a specific listing
    3. Add compensation details in the field and click Save.
      Add compensation information

  • Notes:

    • The Compensation field is available when editing an existing featured listing or importing a new listing.
    • This is an open text field; you can enter any compensation information you deem appropriate.
    • The field must be updated individually for each listing where you want to provide commission information.
    • You can add compensation information when editing an existing Featured Listing or when importing a new one.

  • Visibility on Listing Detail Page:

    1. If the field is left empty, the compensation information will not appear on the Listing Detail Page.
      Listing Detail Page blank if not entered
    2. If you add compensation information, it will be visible to leads on the Listing Detail Page.
      Listing Detail Page visible to leads

Best Practices

  • Stay Compliant: Always check with your local MLS board for the most current rules and regulations regarding commission disclosures.
  • Regular Updates: Periodically review your featured listings to ensure commission information is accurate and current.
  • Clear Communication: Use simple and clear language in the Compensation field to prevent confusion (e.g., “Compensation: 2.5% buyer's agent compensation”).

Troubleshooting Common Issues

  • Problem: The compensation field is not visible on the Listing Detail Page.
    • Solution: Ensure the Compensation field is filled out. If left empty, the field will not display on the page.

FAQs

  • Do I need to update the compensation field for every listing?
    • Yes, the compensation field must be updated individually for each listing where commission information is provided.
  • Can I provide any compensation details I want in the field?
    • Yes, this is an open text field. However, be mindful of clarity and compliance with MLS rules.