How to Add & Manage Allocations Correctly

How to Add & Manage Allocations Correctly

Allocations are created in order to allocate portions of a deal's commissions to an agent, person, outside Brokerage, or organization, the allocation determines the end, amount and tax both paid and reported.

Adding an Allocation

Allocations will auto populate for your agent and any other persons added to your People's page that have the roles of Outside Broker added prior to adding Commissions.  Please note, if you add additional payable persons to the People's page in  your deal after commissions are added, you will need to manually add them to your allocations.  


To do that, click 'New' button and select your party/parties from the dropdown


Allocation Ends

The allocation end is used for reporting and calculating the end count & agent's sales volume ONLY, it does NOT change the Monetary Value. 

Ends for each side can ONLY equal a count of ONE, as shown below, Siobhan & Mohammed share a List end each of .5, the sum of both = 1 List end. Thomas has the full Sell Side End of 1.


You can override the end field if you want. If not overridden, Loft will automatically divide the ends evenly. Please note, if you have more than 1 agents on a team and you can override just one agent and the program will intelligently calculate the other agent's end.  If you have more than 2 agents and you want 1 agent to have a portion of the end and the other 2 agents to be split evenly the remainder, you can override just the one agent you want to have a different portion and the program will intelligently calculate the other agent's ends!


Allocation Flat Rate Amount

This field is to override the Monetary Value of the allocation.  Please note, allocations must add to 100% of the Side of the Commission defined on the deal's Commission page.


Example, if there is a $3,000 List Commission between Siobhan and Mohammed and Siobhan is to be paid $2,000

  • Override List agent Siobhan to $2,000

  • List agent Mohammed will auto calculate to $1,000 with no override to the field.


Allocation Taxes

By default, the tax for an allocation is determined by the tax rate set of the deal's office but can be overridden by entering a value in the Tax Override field.




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