FAQ
Conveyancing/Deal Administration & Communication In Loft
Many of our Loft users send Deal Instructions to outside parties, such as the Cooperating Brokerage, Lawyers, and Title Companies. We provide both Pre-designed Admin Reports (Commission Instruction Document) and CDA (Commission Distribution ...
Tax Prep Checklist
Navigating your tax forms, updating your agent’s contact information, isn’t rocket science but it can be overwhelming! Being well prepared is the difference between peace of mind or utter chaos! We’ve put together a checklist that will guide you ...
Updating the Legal Name field
!Please note, this field will be locked down September 30, 2023, preventing users from updating it further! Why the additional field? Over the years, we've noticed people change their Brokerage name to their Legal Business name so that their T4A's or ...
Acquiring a Brokerage that already uses Loft?
Here is a list of all the things to consider when merging a brokerage into another. All of this (except 1 item can be done by the user) However, we can assist you with this migration. The cost for Loft to assist is $75/hour Brokerage to Brokerage ...
NSF or Returned Checks
Sometimes your deposit or cheques from outside sources bounce or are returned NSF. How do you handle this in a deal in Loft? It's easy! Simply follow what happened at the bank. Received Money = Add Deposit Returned (spent) Money = Release Funds So, ...
SK tax in Loft47 - How to deal with List side deals
On List side deals in Saskatchewan the Listing brokerage is responsible for collecting the full amount of sales tax 11% which is made up of 6% PST and 5% GST. To enable this to happen in Loft47 the following steps must be taken IN LOFT 1. UPDATE ...
Determining duplicate errors
How do I figure out if my contact used on a transaction is a duplicate? Click the deal's link in the error list On the transaction's page, look for the un-posted transaction, then select and right click the contact and paste in your Brokerage's ...
Xero VS QuickBooks Online Integration
Differences between Xero & QuickBooks Online integrations with Loft47. Pricing Pricing in Canadian $ & USD $ Xero's cost for the standard version required to integrate with Loft is around $48/monthly (they change their prices, so visit www.xero.com ...
Semi Annual Billing Review Process
The Loft subscription fees are based on the number of Active Brokers and Agents in your Brokerage. Admin accounts, and offices are unlimited. Before deactivating an Agents profile it's important to note that Agents need to be active in order to ...
How to sign up for Loft
Administrator As an administrator you can set up your Agent with a user account, please invite them into the system via their profile in the Account Management section.
How to Adjust Penny Rounding Errors on Sales Tax on a deal.
Every once and while you'll have a penny rounding error between what you're collecting and paying out. Softwares will round calculations differently so this is a problem that sometimes plagues us on paying out deals. Overriding the tax overrides In ...
Trouble receiving email from Loft47
HOW TO SEARCH FOR OUR EMAIL IN GMAIL Let's make sure your email didn't hit the spam folder! In your search bar click the icon to bring up an advanced search search for 'notify@loft47.com' using these search filters below If found in your spam, ...
RECA Trust payout for Outside Brokerages
The Real Estate Council of Alberta(RECA) may dictate Outside Brokerages to be paid in 2 steps and this article provides help on how to deal with this scenario in Loft. In this example the Brokerage holds $5,000.00 in Trust and will need to pay this ...
Browsers - Which browser should I use for Loft?
Loft is optimized to work best with Chrome. To leverage all of the technical advantages and security patches, download Chrome from one of the links below: Download Chrome Now Download for phone or tablet Android iOS Download for another desktop OS ...