Why

Local real estate associations offer payment plans to retain members who may not be able to pay all of their membership dues at once. Agents often have peaks and valleys in their income and a payment plan can help the association retain a member who would otherwise have to drop. This is even more important for associations with local competition. A smooth payment plan experience can be the difference between keeping a member or losing them to a competitor offering a transfer discount and a way to float their dues until they make another sale.

What

Payment plans are a frequently requested feature of our REALTOR® associations. This feature allows for a membership to be billed outside of our traditional payment frequencies (annual, quarterly, etc.). It also empowers the association to define the allotted amount of each line item that will be represented in the defined invoices.

Customers who can use Payment Plans Today

Use Case: Renewals

A payment plan can be assigned to a member at the time of renewal, or just ahead of the annual payment date.

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Once the it’s time to begin generating invoices, the payment plan will function like any other membership billing.

Use Case: New Members

A payment plan can be shown as a payment option on a member application. This allows the member to select a payment plan at the time of joining.

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