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 ...
End-to-end Payouts
Prerequisites You must be logged in as an admin/broker The deal should be holding the deposit Steps Navigate to the Deal, enter/update details Add all parties to the deal Add Commissions Assign Allocations Navigate to the Deduction menu, add or ...
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
When a deal closes and you receive the final funds and are ready to payout you need to ensure that you Deposit funds to the correct bank account - Once you have Deposited funds are into the correct Account you will see the balance appear under the ...