HomeOpenly staff is currently updating Transactly Editor's Review. As of September 2019, Transactly, a licensed real estate broker in Missouri doing business as Real Estate Connected LLC license number 2018031097, no longer claims to offer price-fixed 1.5% listing rates and 1% rebates for independent real estate professionals "partner agents" using their network. You may read about Examples of Price Fixing in Real Estate here. (Price Fixing in Residential Real Estate) While we update our Editor's Review, you may easily post your User's Reviews for Transactly.
This review is currently being revised.
Transactly is a broker referral fee network designed to collect fees by matching consumers with local real estate agents willing to pay it. When consumers submit information to Transactly, their information is shared in exchange for blanket referral fees with real estate agents in a process known as a blind match.
No. Transactly revenue comes from undisclosed referral fees. Blanket referral fees set by such networks range anywhere between 30%-40% of the entire agent's commission. Transactly is a pay-to-play scheme that offers biased matches for financial gain. The main qualification for real estate agents who participate with Transactly is their willingness to pay a referral fee.
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