How to Enter Commissions Correctly
How to use the Commission Page correctly
Sales Price
Use either the % or Flat Fee $ fields, if using the % fields, you can then use the Flat Fee/Bonus field to add an additional bonus
No Sale Price
Must use Flat Fee $ field
Each Commission Side Breakdown
Representing the LIST SIDE, enter the % or $ amount in the appropriate fields in the Gross Commission Column
Representing the BUY SIDE, enter the % or $ amount in the appropriate fields in the Sell Side Commission Column
Representing BOTH SIDES, enter the % or $ amount in the appropriate fields in both Columns, see Examples> Representing Double End below
IMPORTANT!! We do not have a List Side Column, the formula used to determine the List Side Commission is GROSS - SELL = LIST
Examples:
Sell Price of the Property is $100K
Representing the LIST SIDE at 3%. You would add the 3 to the % field in the Gross Commission Column
Following the formula above (GROSS - SELL = LIST) $3,000 (Gross) - $0 (Sell Side) = $3,000 (List)
Representing the BUY SIDE at 3%. You would add the 3 to the % field in the Gross Commission Column
Following the formula above (GROSS - SELL = LIST) $0 (Gross) - $3,000 (Sell Side) = - $3,000 (List) Since we can not display negative Commission amounts, the default value displayed in your List Side will be $0
Representing the DOUBLE END at 6% & 3%. You would add the 6 to the % field in the Gross Commission Column and 3% to the Sell Side Commission Column
Following the formula above (GROSS - SELL = LIST) $6,000 (Gross) - $3,000 (Sell Side) = $3,000 (List) If your not sure of the percentages but do know the value of both ends, you would follow this formula backwards to determine the Gross Commission amount (LIST + SELL = GROSS) and add that value to the Gross Commission Column
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