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
Loft supports two commission setups depending on office configuration: Side Base and Gross Base.
Side Base
- Listing Side (Left) = Listing Commission
- Selling Side (Right) = Selling Commission
- Each side is calculated and displayed separately
Gross Base
- Commission is calculated from the total Gross Commission (Left)
- Sell Commission (Right) = Selling Commission
- Loft automatically calculates the Listing Commission based on the gross split rules (Gross Commission minus Sell Commission)
Bonus / Flat Fee
- Add a flat fee instead of percentage commission
- Add a bonus on top of commissions if needed
Commission Breakdown below: (example when brokerage is set to Gross Base)
Price: $800,000
Tax rate set up as 5%
Gross Commissions: 3% of the price $24,000 + Bonus $2000 = $26,000 plus tax $1,300.00 = $27,300.00
Sell Commissions: 1.15% of the price $9,200 plus tax $460.00 = $9,660.00
List Commissions: Gross Commission $26,000 - Sell Commission $9,200 = $16,800 + tax $840= $17,640.00 (calculated by loft)
Commission Breakdown below: (example when brokerage is set to Side Base)
Price: $800,000
Tax rate set up as 5%
List Commissions: 1.85% of the price $14,800 + Bonus $2,000 = $16,800 plus tax $840.00 = $17,640.00
Sell Commissions: 1.15% of the price $9,200 plus tax $460.00 = $9,660.00
👉 You can view Gross Commission by selecting the List dropdown menu. It will show the gross amount on the spot, but will switch back to List & Sell Commissions if your brokerage is set to Side Base.
- Click Update to finish.
** For more details on Gross vs Side Base setup, please see: New Commission Display Setting: Gross & Sell vs List & Sell Views
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