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Valuation Fees (Flexible Fees)

How to set up a tiered flexible fee structure in Street so you can present clients with upfront, part-prepaid, and completion-only payment options during valuations.

Written by Elliot Palmer

Valuation Fees

When sending a sales valuation in Street, or when instructing a property, you will need to select your upfront and/or completion fees, and choose if you want to add flexible fees. The options available here will be determined by what valuation fees have been set up in your settings.

This article focuses on flexible fees in settings, for more information on setting up for your valuation fees see this help article. And for more information on adding fees to a valuation or instruction, see this help article.

Flexible Fees are currently in testing and only available to Street Labs agents.

Flexible Fees

Flexible fees is an optional feature that allows you to present clients with a tiered fee structure during valuations in the Street agent app or when in Street. Clients see three payment options at different fee rates, so they can choose the arrangement that suits them.

To enabled Flexible Fees head to Settings (on the left side panel, at the bottom) > Company Settings > Valuation Fees > Flexible Fees and toggle the feature on. When enabled, the tiered fee structure will appear in the mobile app during valuations and auto-populate valuation reports.

Note - To access the valuation fee settings you will need to be a Company Admin and have a role with the permission 'Allow this user to manage valuation fees' enabled.

For more information, see our Roles and Permissions help article.

Fee Rates

Within the fee rates settings you can set the two endpoints of the fee scale:

  • Fee fully upfront - the rate charged when the client pays the entire fee before going on the market (the lowest rate)

  • Fee on completion only - the rate charged when the client pays nothing upfront (the highest rate)

The middle tier is calculated automatically as the average of the two.

Note - These fees must be entered as percentages. It's not possible to use fixed fee amounts here.

Tier names

With the fee rates set, next you need to name the three tiers that are shown to clients during the valuation. You can give them custom names (Names are capped at 30 characters), or leave them blank to use the defaults:

  • Tier 1 - Full Prepaid (pay it all upfront)

  • Tier 2 - Part Prepaid (split between upfront and completion - auto-calculated)

  • Tier 3 - No Sale, No Fee (pay on completion only)

When you're happy with the fee rates and tier names, click 'Save Changes' to save everything.

Mobile Preview

On the right hand side of the page you can see a live preview of the page that shows exactly what clients will see in the app. Here you can use the slider to adjust the sample property value and see how the fee amounts scale across all three tiers, including the savings comparison shown between tiers.

With your flexible fees set up, you can now demonstrate the fee options during the valuation appointment using the Agent App and when sending the valuation report in Street.

Street is constantly being updated. This can mean that some of these articles become slightly out of date. If you spot something that looks a little bit different to your Street account, please let us know on the live chat so we can get it updated!

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