Paying Out a Deal

Paying Out a Deal

Paying a Deal out to your Agent

All internal agents and Brokers MUST BE PAID OUT, even if there's a $0 payout to the agent! The reason for this is because their deductions in the deal are tied to the agent and their payout and will not be posted over to your accounting software if the deal remains unpaid.

When a deal closes and you receive the final funds and are ready to payout you need to ensure that you Deposit funds to the correct bank account -

Once you have Deposited funds are into the correct Account you will see the balance appear under the Transactions Page as below:

Now you have all of the funds required to payout the deal in the correct bank account you can go to the Payout Commission Screen

Click Pay All and a popup will ask you to confirm and close the deal. Click 'Yes, Close the Deal' button. If you don't want to close the deal, click the 'No, Take me to the activity page' to be redirected to your deal's transaction page to review.

Pay by Payload

In the Payout Commission page, click the 'Pay Directly with' dropdown field and choose Payload. Click Pay. Learn more about Payload

Paying a Deal out to an Outside Agent/Brokerage

Directly Paying them 

Follow the same steps outlined above and click the Pay button if you want to pay them separately from your agent's payout.
Set the payout to Non-Payable by toggling the payable button to Not-Payable and click Post

    • Related Articles

    • Adjusting a deal if an Agent has been overpaid or underpaid commissions

      There are times when an Agent is paid out on a deal and we get information after that fact that means the Brokerage either needs to recover funds back from the Agent or need to pay the Agent a little more. The good news is that you don’t necessarily ...
    • Making changes to commissions or deductions after the payout to the agents

      In this sample deal, the transaction is closed and payments have been made out of Xero.  Scenario 1: Agent Overpayment - Agent owes the Brokerage funds In scenario 1, either the original commission and allocations can be adjusted down which creates a ...
    • Partial Payout

      To partially pay a deal, head to the payout commissions page and expand the line item to override the commissions and fees. Once you pay it out Loft will create a new payout line for the balance owing. * Important, if you're backdating your partial ...
    • Payload: Paying Mentor fees, Third Party payouts, and Agent Savings

      !!Important Please read before proceeding: Third party paying from Payload CAN NOT BE REVERSED, so please make sure everything is correct before you finalize a payment. There are different scenarios to consider so please click the on the scenario ...
    • Reversing Agent Payouts

      IMPORTANT, please read! Fixing deals are easy but there are a few key things you have to keep in mind. One, make sure you always follow what happens at the bank level. If you fix your deal but have changed any of the amounts that have cleared your ...