DFY TEAMS Fee
DFY TEAMS Fee
- The AE will be the one to identify the TEAMS fee amount upfront in the purchase opportunity naming (see naming structure if you don’t know what this is).
- Laura will check the TEAMS fee amount when a purchase opportunity is sent over to her, and that amount will be reflected on the referral agreement she sends out to the agent.
- The agent is the one that will draft an invoice for the TEAMS fee amount to send to lending if needed/to title for the fee to be added to the settlement statement prior to closing.
- If there are any post UC adjustments needing to be made to the TEAMS fee amount that was communicated to the agent via the referral agreement sent to them, Laura and Natalie need to be notified so we can revise the referral agreement to send back out.
- Natalie can confirm TEAMS fee amount at any part of the transaction process if it is unclear what the scenario is.
DFY TEAMS Fee Schedule For Multiple Property Purchases
The TEAMS Fee breakpoint is triggered for the first time when a DFY client purchases their 5th property. There is no time period in which they need to purchase the properties – if it takes five years to purchase your 5th home (or any tranche of five properties) you will be eligible for the credit at the time.
Five properties trigger a 5% savings reflected in a reduced TEAMS Fee on the 5th property. Properties 6-9 get the same 5% discount. On the 10th property, the fee is reduced 10% retroactively back to the first property and is reflected in a lower TEAMS Fee on property 10, etc. Fifteen properties is a 15% reduction. Twenty properties receive the maximum discount of 20% or $3,995 for each additional property.
5% Discount on All Purchases
| Number of Purchases | TEAMS Fee |
|---|---|
| 1 | $ 4, 995 |
| 2 | $ 4, 995 |
| 3 | $ 4, 995 |
| 4 | $ 4, 995 |
| 5 | $ 3, 745 |
10% Discount on All Purchases
| Number of Purchases | TEAMS Fee |
|---|---|
| 1 | $ 4, 995 |
| 2 | $ 4, 995 |
| 3 | $ 4, 995 |
| 4 | $ 4, 995 |
| 5 | $ 3, 745 |
| 6 | $ 4, 745 |
| 7 | $ 4, 745 |
| 8 | $ 4, 745 |
| 9 | $ 4, 745 |
| 10 | $ 2, 245 |
15% Discount on All Purchases
| Number of Purchases | TEAMS Fee |
|---|---|
| 1 | $ 4, 995 |
| 2 | $ 4, 995 |
| 3 | $ 4, 995 |
| 4 | $ 4, 995 |
| 5 | $ 3, 745 |
| 6 | $ 4, 745 |
| 7 | $ 4, 745 |
| 8 | $ 4, 745 |
| 9 | $ 4, 745 |
| 10 | $ 2, 245 |
| 11 | $ 4, 495 |
| 12 | $ 4, 495 |
| 13 | $ 4, 495 |
| 14 | $ 4, 495 |
| 15 | $ 745 |
20% Discount on All Purchases
| Number of Purchases | TEAMS Fee |
|---|---|
| 1 | $ 4, 995 |
| 2 | $ 4, 995 |
| 3 | $ 4, 995 |
| 4 | $ 4, 995 |
| 5 | $ 3, 745 |
| 6 | $ 4, 745 |
| 7 | $ 4, 745 |
| 8 | $ 4, 745 |
| 9 | $ 4, 745 |
| 10 | $ 2, 245 |
| 11 | $ 4, 495 |
| 12 | $ 4, 495 |
| 13 | $ 4, 495 |
| 14 | $ 4, 495 |
| 15 | $ 745 |
| 16 | $ 4, 245 |
| 17 | $ 4, 245 |
| 18 | $ 4, 245 |
| 19 | $ 3, 495 |
| 20 | NO TEAMS FEE |
| 21 | $ 3, 995 |
| All Additional TEAMS Fees at $ 3, 995 | |
