12/19/2023 0 Comments Commission module paperless pipeline![]() The Commission totals before this transaction section will display the agent's various commission totals. Commission Totals Before This Transaction The agent's User Profile will be opened in another window where you can make the update. If you need to update the Commission Percentage for an agent in their User Profile, click. Learn how to set Agent's Next Commission Split Threshold → Quick Link to Update Agent's Commission Split If the agent is about to reach their Next Commission Split Threshold, the system will highlight the area so you can adjust the Commission Percentage accordingly. The Commission Split Threshold Info section displays how much commission the agent has paid to the brokerage so far. The Agent Performance section includes the number of Closed transactions broken down by Side, Units, and Sales Volume figures. ![]() Otherwise, the figures will be based on the current calendar year (January through December). If you opted to use agents Start Dates to calculate year-to-date figures, their figures will be based on fiscal year and will reset on the anniversary of their Start Dates. The figures shown for the agents will only include Closed transactions where you have managed commissions. When you click into an amount field for an agent, a pop-up box including the agent's year-to-date figures will appear on the right. If the agent's default Commission Percentage is set in their profile, that information will be automatically populated and can be edited as needed. Specify the agent and broker splits as a percentage or dollar amount. If you have not turned on that option, the system will allocate the full Sales Volume and Units to your agent(s) on the transaction by default. If you opted to use agent's commission split to calculate Sales Volume, the system will automatically allocate Sales Volume based on the agent's Commission Split when there are multiple agents on a transaction. The system will automatically allocate Sales Volume and Units to your agent(s) on the transaction. If there is more than one agent on the transaction, enter each agent's commission amount as a percentage of the Gross Commission or as a flat dollar amount. In the Broker / Agent Disbursement section, you'll be able to distribute the commission between the brokerage and agent(s). When calculated as a percentage, Off-the-top Deductions can be calculated as a percentage of the Gross Commission, Sale Price or, Gross Commission Less Referral Commission. Off-the-top Deductions can be calculated as a percentage or as a flat dollar amount. ![]() If you've turned on Off-the-Top Deductions, you will see the option to enter off-the-top deductions. If needed, you can update the Franchise Fee amount. If a default amount has been set for your Franchise Fee, that amount will be pre-populated. If you've turned on the Franchise Fee option, you will see the option to deduct the Franchise Fee. If the referral is being paid to an external person or company, leave the box unchecked. ![]()
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