Tracking Buyer Commissions: Staying Organized While Managing Deals As real estate practices evolve, buyer agent commissions are no longer always paid by the cooperating broker. This feature makes it essential for agents to stay organized and clearly ...
Introduction: Payable Deductions are often setup 2 different ways; the first is setup to track and clear out your Commission Payable GL account, no taxes are applicable to this fee and you're not wanting to track this fee in your own GL account. The ...
!!Important: Please read before proceeding. Third-party payments from payment processors CAN NOT BE REVERSED, so please make sure everything is correct before you finalize a payment. Loft47 offers several options for processing payments and ...
Commissions reward agents for their performance, while deductions account for adjustments, corrections, or agreed-upon reductions. Loft47 makes it easy to add new adjustments without changing past entries, so your records stay accurate and ...
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 ...