Dashboard
How to Add New Commission and Deduction Adjustments for Agents
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 ...
How to Setup a Brokerage
For modern real estate brokerages looking to streamline back‑office operations and automate commissions, Loft47 offers a powerful, all‑in‑one platform. Loft47 helps you manage deals, track commissions, and gain financial insights — all while reducing ...
Tracking Buyer Agent Commissions
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 ...
Login Troubleshooting Checklist
*If your account appears locked, please contact our support team to unlock it for you. *If your account does not appear locked and you are still having trouble logging in, try the following steps: Clear your Chrome cache or browsing history: if using ...
Brokerage Dashboard - Deal Items Requiring Attention
In this article, we’re going to explore how to leverage your Dashboard’s Requiring Attention side menu to clean up any outstanding items in your deals. BROKERAGE DASHBOARD OVERVIEW Let’s tackle each section of the Deals Requiring Attention Menu, one ...
Popular Articles
Adjusting your tax settings
Adding/Updating Brokerage Tax ID Head to your Brokerage menu (the menu with the gear cog), click Edit Settings Add/update your Brokerage's Tax ID Turning on Tax Reporting In your Brokerage Menu>Settings, scroll down to the Allowable tax year field ...
Best Practices for Month End Bank and Subledger Reconciliations
There are 4 steps to completing a month end review and bank reconciliation. Scroll to section 5 for Tips to troubleshoot differences. 1. Complete the bank reconciliation report in Xero. 2. Run the Subledger report in Loft. 3. Run a Balance Sheet ...
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 ...
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 ...
How to Enter Commissions Correctly
How to use the Commission Page correctly Sales Price Use either the % or Flat Fee $ fields, if using the % fields, you can then use the Flat Fee/Bonus field to add an additional bonus No Sale Price Must use Flat Fee $ field Each Commission Side ...