Is SRECTrade charging me a commission?
SRECTrade has a two-tier service. The auction transaction represents the first tier. Buyers pay the greater of a 3% transaction fee for any SRECs or $5 per SREC purchased in auction. Sellers in the auction do not pay any fees and will recieve the clearing price in the auction. If the clearing price is $100, sellers get $100, buyers pay $100 + $5 to SRECTrade. If the clearing price is $300, sellers get $300 and buyers pay $300 + $9 to SRECTrade. In addition to the auction platform, SRECTrade offers an optional premium service for sellers called EasyREC, this represents the second tier of our service. Sellers who sign up for EasyREC will be charged a service fee for the SRECs they sell through EasyREC. For all states except New Jersey, the fee is the greater of $5 or 5% of the sale price per SREC. In this case, if the clearing price is $300, the seller will get $285. The fee in New Jersey is the greater of $5 or 3% of the sale price per SREC. In this case, the seller at $300 will get $29
