The EFT Processing option is available to both the Real Estate Broker system and the Pro/AMS system.
Real Estate Broker
The EFT Processing option of the Real Estate Broker system allows you to automatically deposit associate's commissions directly into their bank accounts.
Instead of printing checks, you print deposit advice forms to notify the associate of the amount you deposited into their account.
This option works side by side with the standard check printing functions of the system. You can have any combination of agents on direct deposit and printed check payment methods.
Every day you transmit the information to the bank. The bank then processes the information and transfers the funds from your account to your associates' accounts.
The EFT option of the Pro/AMS system allows you to automatically draw maintenance fees from owner's accounts.
Simply define the bank information for the owners who want to pay their maintenance fees using the direct debit option.
At the beginning of the month just run the EFT function and the system automatically generates the payments into the owners accounts.
You transmit the information to the bank. The bank then processes the information and transfers the funds from your account to your associates' accounts.
Check with your bank regarding the availability and costs for this service.