Technology

Lone Wolf and Reesio together may speed up commission check delivery

  • Transaction management company Reesio and accounting software provider Lone Wolf have integrated their products to allow brokers to more efficiently cut commission checks for their agents.
  • If brokers and agents choose to use products from Move Inc. in combination, they could have a "seamless lead-to-commission system," the company said.

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You've done it: You've closed the deal -- and now you anxiously await the commission check from your broker. In many real estate brokerages, the path from close to commission is slow, manual and sometimes prone to error. An integration from News Corp. subsidiary Move Inc. hopes to change that for agents and brokers who use its transaction management system, Reesio, and accounting software from Lone Wolf Real Estate Technologies. The possibility of a 'seamless lead-to-commission system' When an agent closes a real estate transaction in Reesio, the complete transaction information can be synchronized to their broker's brokerWOLF back-end accounting system, Move said in a press release. Screen shot of Reesio-Lone Wolf integration "The commission payment is usually paid to the brokerage after closing, and from there, the brokerage pays the agent's portion of the commission based on their agreed-upon split," Move spokeswoman Christie Farrell told Inman via email. "Typicall...