OpCity is a lead company that is owned by Realtor.com. If you want a regular flow of leads, you can email the HappyAgent@LAERRealty.com team and simply ask to join the OpCity program.OpCity charges a referral fee of 35% or 38% on each transaction (rentals and homes sold at under 150K are a 30% referral fee). You must let the accounting department know via the check request if a fee is due to OpCity so that they are paid at the time of closing. The referral fee comes off the top of the commission. If the commission is $10,000 and it's a 38% referral fee, then $3800 is due to OpCity at the time of closing. This fee is due for any listing or sale this customer gives you within 2 years of the introduction by OpCity. None of the referral fee goes to LAER, it all goes to OpCity.
- As of August of 2024 Opcity is not accepting agents, however agents may be added to their waitlist by requesting this at HappyAgent@LAERRealty.com
- It's extremely important to pay your OpCity referral fees by letting the accounting team know when a file is an OpCity closing. By not paying the agreed referral fee for an OpCity transaction, the entire firm and it's agents risk being banned from their platform.
- Read the OpCity Referral Agreement that is emailed to you at the start of your relationship with OpCity to find out how long you have to pay a referral fee for a client. As of August 2024, if a client referred by OpCity buys or sells a home within 2 years, a referral fee is due to OpCity (but these rules do change from time to time so please read the agreements thoroughly).