TrustFunds latest earnest money payment update offers more convenience fee options for agents and teams
In the fast-paced world of real estate, efficiency and flexibility are key to keeping transactions on track. TrustFunds has taken another step forward with its newest feature—expanded options for convenience fee selection during payment requests. This enhancement empowers agents and teams to manage earnest money payments more smoothly than ever before.
What’s New?
The latest update allows the submitting agent to choose the listing agent, or co-listing agent to pay the fee—provided a bank account is configured in their TrustFunds profile, and the submitter is an authorized team member. This gives teams greater control over payment options and allows them to tailor the process to fit their workflow.
How It Works
When sending an earnest money request, agents can simply select who will cover the convenience fee from a list of eligible parties. If a teammate has a bank account set up in their profile, the submitting agent can choose to have the fee paid from that account. This streamlined approach reduces unnecessary bottlenecks and ensures that transactions move forward without delay.
Benefits for Real Estate Teams
- Greater flexibility: Teams can decide who pays the fee based on their unique needs and arrangements.
- Improved control: Agents can easily manage payment options, enhancing coordination among team members.
- Smoother transactions: Less back-and-forth means earnest money gets processed faster, keeping deals on track.
Getting Started
To take advantage of these new options, agents should ensure their TrustFunds profile is updated with current bank account information. Team administrators can authorize members, making it easy for anyone to submit requests and select the appropriate payment source.
Final Thoughts
TrustFunds remains committed to making earnest money management simple, secure, and efficient. With expanded convenience fee selection, real estate professionals can focus on what matters most—serving clients and closing deals.
For questions about this new enhancement, contact our support team.
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