Learn how to process a conjunctional sale for properties not listed by your office, including adding the property and recording the sale details.
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About conjunctional sales
A conjunctional sale occurs when your office sells a property listed by another agency. MRI Vault allows you to record these sales without making the property publicly visible.
How to process a conjunctional sale in MRI Vault
Follow these steps to add a property not listed by your office, mark it as not our listing, and accurately record the sale details. This ensures correct commission tracking and reporting without making the property publicly visible.
Step 1: Add the property
If the property does not exist in your database:
- Add the property
- Enter property details as you would for a standard listing
Step 2: Update listing status
Once the property is added:
- Open the property profile
- Change the status to Listing
- Tick not our listing under the status section
- Click Save/Update
This removes the visibility section, preventing portal advertising.
Step 3: Enter sale details
To process the sale:
- Click Under Offer
- Complete the sales details screen:
- Enter sale price
- Specify the % Sale Price Split based on the agreement
- Confirm the commission amount for your office
Step 4: Complete the sale
After entering the sale details, you need to finalise the process by updating the property’s status through the standard sale progression steps. This includes moving the property from conditional to unconditional and then from unconditional to settled. These steps ensure accurate reporting and compliance with your office’s workflow.