By Bimal Lulla, Founder of AXXA
AXXA pays your commission within three working days of the payment reaching AXXA, once your documents and KYC for the deal are complete. It's the same on every deal type, and it's our commitment to you.
So you know when your money is coming, and you can plan around it.
Why do I make the payout this clear?
Because when you get paid matters as much as what you get paid.
Honestly, getting paid on time is one of the things agents talk to me about most. A good split is half the answer. The other half is knowing when the money reaches you.
So I wanted the payout to be as simple as the 80%. One rule, our commitment to you, on every deal.
When does the clock start?
When the full commission payment for your deal reaches AXXA and your documents and KYC for the deal are complete.
On off-plan, that's the developer's payment. On any other deal type, it's the commission payment for that deal. Either way, the rule is the same.
Your documents and KYC for the deal need to be complete. Prepare them early. Compliance and other conditions also apply to a payout; ask me to take you through them on the call. A partial commission receipt or completed paperwork alone does not start the deadline.
What does that look like on a deal?
Say the commission on a deal is AED 100,000, excluding VAT.
| Example deal | AED |
|---|---|
| Commission, excluding VAT | 100,000 |
| Your 80% | 80,000 |
Your AED 80,000 is paid within three working days of the payment reaching AXXA, once your documents and KYC for the deal are complete.
The 80% is worked out on the commission excluding VAT. There are no desk fees and no monthly charges on top.
These are example figures. To try your own, use the commission calculator.
What does this mean for your month?
You can plan it.
When you know what starts the clock, you know when your share follows. Once the full commission payment arrives and your paperwork is complete, you can plan around the payout deadline.
Because it's our commitment to you, it doesn't change from deal to deal. And if anything about a payment isn't clear, you can ask me directly.
Questions agents ask
- When does AXXA pay my commission?
Within three working days of the payment reaching AXXA, once your documents and KYC for the deal are complete.
- Is it the same on every deal type?
Yes. On off-plan, the payment that starts the clock is the developer's payment.
- Does the clock start when the deal closes?
No. It starts when the payment for the deal reaches AXXA. Your documents and KYC for the deal also need to be complete.
- Is the 80% worked out before or after VAT?
On the commission excluding VAT.
- Is the payout a firm commitment?
Yes, once the conditions are met: the full payment has reached AXXA, your documents and KYC are complete, and compliance conditions are satisfied. It applies to every deal type.
AXXA is the agent model of Blue Collection Real Estate Brokers LLC and works under its licence.
If you'd like to go through your own numbers with me, book a call. If it fits, we'll meet for a coffee at the office in Al Barsha.