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 track how commissions are handled throughout each deal.
Loft provides a built-in solution to manage this complexity through its Commission Tracking feature.
Example Scenario
Let’s walk through a simple example:
Buyer Agent Commission: $10,000.00
Buyer’s Agent: Rebecca Chun
Buyer: Guan Wan
Listing Agent: Henry Hu
Listing Brokerage: Promperton Real Estate Services Inc.
In this case:
The buyer (Guan Wan) pays $8,000 to the buyer’s agent
The listing agent (Henry Hu) pays the remaining $2,000 to the buyer's agent
Go to Deal > Allocation > Commission Tracking
Add a new Payer
Choose “Member” (who is paying the commission to the buyer agent)
The list is pulled from the People page
Note: The person must be added to the deal before they can be selected
Input the amount (e.g., $8,000 for the buyer)
Click Save
- Add another entry for the listing agent
- Input $2,000 as their contribution
- Save
To keep everything organized, you can use tags:
You can also create email templates using these tags to incorporate into your client communications, explore and review data directly within the deal
making it easy to track who is paying the commission and how much, as shown below.
Key Notes:
With Commission Tracking, you can:
Clearly see who is paying the buyer’s commission
Communicate details confidently with clients
Include accurate information in emails and updates
Analyze commission trends across your deals