FAQ: Agency fee reduction for auto-renewals and steps required for reduction

Q: I have a few questions related to the agency fee discount for renewals (Agency fee discount for renewals - Marketplace publisher | Microsoft Learn),

• Does the reduction to 1.5% for a renewal also apply if the offer is auto-renewing? 
• My understanding is that the renewal only applies if a new private offer is created and the pop-up checkbox is confirmed that this private offer is for a renewal. Is that correct?

A: Your understanding for both of these is correct.