LIQUID OVERVIEW FOR AGENTS

LIQUID OVERVIEW FOR AGENTS


AGENTS, WELCOME TO LIQUID!

 

In this article, we’ll guide you through the following steps:

  1. How Liquid works
  2. Setting up in Liquid 
  3. How to add a deal (if not using Loft47 app)
  4. Requesting your first commission advances 

HOW LIQUID WORKS

In Liquid, you can request funds from a single property or many all at once. If you're requesting funds from several properties, Liquid will automatically apply commission amounts against each available property beginning with the earliest closing date. Choosing the closest closing date keeps the cost of the withdrawal as low as possible. 

Once we allocate those amounts to each property we calculate fees based on each transaction's closing date. You can preview the agreement to see the rate and fees applied to each transaction you are withdrawing funds from. 

Liquid will automatically generate an agreement for each property but you only have to accept it once!
​

STEP 1 - CREATE ACCOUNT OR SIGN IN

  1. Head to your brokerage's liquid website - your brokerage will have its own subdomain, so you will need to reach out for that url. 
  2. Create your account if you haven’t done so already. If your brokerage uses the Loft47  Back office app, you can login using your Loft47 login.
  3. Log into the Liquid app

 

STEP 2 - HOW TO ADD A DEAL

Click Add Property button on Home page

Fill in Required fields - Please note, you can use either a % or $ amount when adding in the Commission amounts but not both.
Click Next
Add Closing Date
Click Next
Start typing in an address in the Location field and if the address is valid it will auto-populate in a dropdown. 

If not, click I want to type the address manually and fill out the form
Click Finish

STEP 3 - REQUESTING AN ADVANCE

Post login, you’ll be redirected to the main dashboard.  Here you will see your TOTAL available funds for withdrawal across possibly multiple properties. 

Your individual properties will also be listed under the ‘Latest available properties’ section. 

You can withdraw from the TOTAL amount by clicking the ‘Withdraw’ button or click on one of the individual properties and make a withdrawal there.

  1. You can request all your available funds or change the amount by overriding the current amount as shown below.  

  1. Click Next Please note, the fees for your advance will auto-populate below based on the amount you’ve requested.


STEP 4 - REVIEW SUMMARY

  1. Review the Withdrawal Summary and the Liquid Funding Agreement.
  2. Click the checkbox if you accept the Agreement
  3. Click the ‘Request Withdraw’ button to complete the request. 

 

STEP 5 - ADD CREDIT CARD TO PROCESS FEE

  1. Add your credit card information to process the withdrawal fee.
  2. Click "Finish and Withdraw" - Your Broker will now receive a notification of your advance and once the Broker has approved the advance you will be notified.

CHECK STATUS OF YOUR ADVANCE

  1. Click the Properties tab at the top of the app - The status of each property's advance will display to the right of each property.

HISTORY SUMMARY

You can view all your Properties via the History tab found at the top of the app.




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