Example 1: Pay Team Leader Cut
Let's say agent Mary Smith pays a team leader 2% of her commission on all of her deals. That 2% comes directly out of Mary's commission.
To add this fee:
Option 1: Add an entry agents profile > commission plan and fees section.
Option 2: Add an entry in the post-commission credit/debit section.
Option 3: Add an entry in the post-commission credit/debit section on the commission disbursement.
The fee line item looks like this:
You'll add the item name, Team Leader.
Choose Debit.
Enter either a % or a flat fee amount.
Select Agent.
Choose the agent from the list of agents within the company.
Click the green checkbox to save and you're finished.
You can use this same process on the commission disbursement to add this fee.
Here is a commission breakdown example:
Brokerage Gross Commission: $10,000
Agent's Commission After Split: $8,000
Team Leader Fee: $160 - 2% of $8,000
Net to Broker: $2,000
Net to Agent: $7,840
Net to Team Leader: $160
Example 2: Pay A Recruiter For Each Transaction Of A Specific Agent
Suppose the company wants to pay a recruiter $100 on each transaction for a specific agent, but they want that payment to come out of the company dollar not out of the agent's commission.
To add this fee:
You'll add an entry in the agents profile > commission plan and fees section.
You'll add an entry in the pre-commission credit/debit section.
You'll add an entry in the pre-commission credit/debit section on the commission disbursement.
The fee line item looks like this:
You'll add the item name, Recruiter.
Choose Debit.
Enter either a % or a flat fee amount.
Select Agent.
Choose the agent from the list of agents within the company.
Choose Before for the question.
Calculate agent's commission before or after this item?
Click the green checkbox to save and you're finished.
You can use this same process on the commission disbursement to add this fee.
Here is a commission breakdown example:
Brokerage Gross Commission: $10,000.
Agent's Commission After Split: $8,000.
Recruiter Fee: $100.
Net to Broker: $1,900.
Net to Agent: $8,000.
Net to Team Leader: $100.
You can add as many of these entries as you need to on the commission disbursement giving you literally an unlimited way to split up commissions between multiple different parties to the transaction.
Pay Out Of The Company Dollar Portion Of The Commission Split
If you want to set up a % to a recruiter or manager, based on the company dollar portion of the split, you'd use the setting Brokerage Commission after Agent Split.
Here is an example:
Brokerage Gross Commission: $10,000.
Agent's Commission After Split: $7,500.
Company Dollar: $2,500 ($10,000 - $7500).
Recruiter Fee: $125 (5% of $2500).
Net to Broker: $2,375.
Net to Agent: $7,500.
Net to Team Leader: $125.
Reporting
When you split up commissions using this function, the system does not give the additional agents any sales volume or gross commission credit on the reports.
They will only show a net income amount for how much they made on the transaction.
To learn how to split up commissions between agents and give the additional agents credit on the reports, click here.