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Reward Service Fees

Mwendo values its clients! In gratitude for using its service to locate, identify, and purchase/lease a property, Mwendo offers rewards on select properties. The availability and amount of the reward is determined by the individual who created the listing (“the Poster”). The Poster creates the award offering to increase the visibility and appeal of the listing within the search results. Mwendo charges a promotional fee on select properties that choose to offer a reward. Click here for more information on the Reward Process.

When a listing is created, the Poster may associate a reward to increase its appeal to the general public. Several reward option types exist:

  • Property Sales (Home and Commercial Sales)
    • Create a Percentage Reward – The Poster may select to offer a reward based upon the percentage of the sale price. The poster may choose any percentage of the sale price from 0.10% to 6.0% in increments of 0.10%.
    • Use Mwendo’s Default Fixed Rate Reward – The Poster selects a set fixed amount determined by Mwendo.
    • Do not offer Rewards – The Poster chooses to provide no reward.

  • Property Rentals (Apartment Rentals, Vacation Homes, Commercial Leases, Roommates, and Sublets)
    • Let me select the rate – The Poster may choose the exact value of the reward amount.
    • Use Mwendo’s Basic Rate – The Poster selects a set fixed amount determined by Mwendo.
    • Do not offer Rewards – The Poster chooses to provide no reward.

Mwendo charges a processing fee for each reward if and only if the property is sold or leased to a customer who located the listing and claims the reward through this website. The amount of the processing fee depends upon the type reward option type selected and the amount of the reward offered.

If the Poster selects Mwendo’s reward rate, the processing fee is a fixed amount.

If the Poster selects the amount of the reward, the processing fee has two components:

  • Fixed Component – A fixed value associated with the property listing type.
  • Percentage Component – A percentage of the reward amount chosen by the Poster.





United States
(Currency in U.S. Dollars ( $ ))


Property Sales (Home and Commercial Sales)

  Mwendo's Default Fixed Rate Reward Create a Percentage Reward
Reward Amount Processing Fee
Listing Type Default Fixed Rate To Consumer Default Fixed Rate Service Fee User Input Fixed Component Percentage Component
Homes Sales $1 $0.99 Some percentage of sale price. $29.99 3.25 %
Commercial Sales $500 $59.99 $39.99 3.25 %



Property Rentals (Apartment Rentals, Vacation Homes, Commercial Leases, Roommates, and Sublets)


If the Poster selects a specific reward amount, the chart below indicates the award, processing fee, and total amount charged.

  Mwendo's Basic Rate Let me select the rate
Reward Amount Processing Fee
Listing Type Default Fixed Rate To Consumer Default Fixed Rate Service Fee User Input Fixed Component Percentage Component
Apartment Rentals $150 $24.99 Some percentage of sale price. $19.99 3.25 %
Roommates N/A N/A $7.99 3.25 %
Sublets N/A N/A $7.99 3.25 %
Vacation Homes $50 $24.99 $24.99 3.25 %
Commercial Lease $200 $29.99 $24.99 3.25 %

Don’t worry! When creating a reward, the selection screen clearly indicates the total amount that would be charged upon successful sale or lease.


Seven Sample Examples


 

Listing Type

Current Sale Price

Poster Inputted Reward Amount

Amount to New Tenant/Homeowner

Amount to Mwendo

Total Charged to Poster

1.

Home Sales

%

$ 37.5
$ 31.21
$ 68.71

2.

Commercial Sales

%

$ 62.5
$ 42.02
$ 104.52

3.

Rentals

N/A

$ 160

$ 160

$ 25.19

$ 185.19

4.

Roommates

N/A

$ 20

$ 20

$ 8.64

$ 28.64

5.

Sublets

N/A

$ 30

$ 30

$ 8.97

$ 28.97

6.

Vacation Homes

N/A

$ 150

$ 150

$ 29.87

$ 179.87

7.

Commercial Leases

N/A

$ 300

$ 300

$ 34.74

$ 335






 
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Mwendo provides an open platform to display real estate (residential and commercial), apartment, roommate, sublet, and vacation home listings whereby the Offerer may provide cash rewards to potential tenants and homebuyers.

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