Payout Commission
Changing a post date
Sometimes you will need to change the payout date of a deal, to do that, head to the payout commission page> expand the Agent's payout section by clicking the dropdown arrow Once the section is expanded, update the post date to your desired date Pay ...
Setting a payout as Not Payable
Some brokerages have a Title Company payout (or payout other parties) on a deal. How is this handled in a deal? There's a couple of scenarios for this process. Scenario 1 - Your agent was paid at the table by the Title company. - Enter your deal as ...
Adjusting a deal if an Agent has been overpaid or underpaid commissions
There are times when an Agent is paid out on a deal and we get information after that fact that means the Brokerage either needs to recover funds back from the Agent or need to pay the Agent a little more. The good news is that you don’t necessarily ...
Partial Payout
Partial payouts are common in Real Estate. Start by entering the full amount of commissions expected over time and ensure Agents are allocated the full amount they will receive on the allocations page. Review the fees associated as you may or may not ...
End-to-end Payouts
In Article Navigation can be found to the right of this article or via the buttons below Prerequisites Steps to payout Prerequisites You must be logged in as an admin/broker Steps to payout Navigate to the Deal, enter/update details in your Detail ...
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 ...
Paying Out a Deal
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 ...