Tracking who is paying commission - buyer / seller / combo of both

Tracking who is paying commission - buyer / seller / combo of both

With the new rules around  the settlement with NAR.  Tracking who pays Commissions on Sales and Purchase is now something Brokerages are required to do.  



How to track in Loft

Role Setup

When you add in a new Deal people role, this will create another column in the deal's filter download where you can track each role separately.

  1. Head to your Brokerage Menu page
  2. Click the +New button

  1. Name the Role 'Commission Paid by'


In A Deal

  1. Add the Role to the people's page and then create a contact on the fly naming it the appropriate side and percentage, see example below.


Track using the Deal's filter & Download

  1. Head to your Deal's page
  2. Filter by the role you created, in this example Commission paid by is the role.

  1. Click Done to generate the filter request
  2. Click the download button and choose your preferred option

In the download, the column added will have the header named the same as the role you added.