Our Listing - CoBroke sale
For a transaction that is Our Listing - CoBroke sale, the checkbox next to our seller is checked off, and the checkbox next to our buyer is not checked off
- Click Properties menu
- Open the Commission submenu
- Use the search button to locate a property
- Enter the selling price
- The commission price will automatically filled in. But you can change its value by typing in the comm price field
- For instance, the commission price was changed to $490,000
- Enter the percent value for the listing commission in the % field and the gross commission will compute automatically - or enter the gross commission in amount in the field and the percent value will compute automatically
- for instance, 3% is the commission and will automatically compute the 3% of the commission price of $490,000 which is $14,700
- Click the save button
You can enter co-broke commission information by following the instructions below
- Fill in the % value and the dollar amount will compute automatically or the other way around
- Click the box for pay cobroke if the office will pay a check with the amount stated to the cobroke office. Otherwise, uncheck the box
- Click the save button
Agents might already have been added
Before user started working on the Commission page, someone may have entered all your agents on the Agent submenu page - using these steps:
- Click the Agents submenu
- To add an agent, click the + symbol button
- Search for the agent by clicking the field or magnifying glass button
- another window will show to select an agent
- Enter the percent of award
- Enter the percent of adjusted gross
- Click the save button
- The agent added to the Agents page will be also be added to the list of agents in the Commission submenu
To add an agent to the adjusted list commission
- Click the + symbol button
- Search for the agent by clicking the magnifying glass button
- Enter the percent of adjust gross in % or amount
- Enter the percent of award
- Click the Add button
If agents were not already added, you can add / modify agents on the transaction here on the Commission page - using these steps:
As new agents are added to the list, the $ % column and award % column will adjust and keep a total of 100% allocation for both the amount and the award
- The list of agents in the Commission page will be the same list of agents in Agents page.
To add a CoBroke office in the list,
- Click the + button in cobroke commission
- Search for the cobroke office by clicking the magnifying glass button
- Type a part of the cobroke office name
- Click the search button or press Enter on keyboard
- Click the cobroke office
- Click the add button
- The cobroke office will be added on the list.
CoBroke Listing - Our Buyer
In the Commission page for a CoBroke listing, the values on the commission submenu are usually set to $0.00 when user first opens the page. The page may already have a list of agents that are involved in the transaction with the given $ % and award % values for each agent.
- In a CoBroke listing, the box our seller should not be checked off
- Enter the selling price
- The commission price will be filled in automatically
- Enter the cobroke commission % value and the $ value will compute automatically or vice versa
- Enter selling commission % value and the $ value will compute automatically or vice versa
- Click the save button
- The selling commission of $24,000 is repeated at the top of the adjusted sell commission and
- Distributed to the agents on the list with an amount based on the $ percentage values
To add a CoBroke office to the transaction
- Click the small + button
- Search for the cobroke agent by clicking magnifying glass button
- Type a part of the cobroke office name
- Click the search button or press Enter
- Click the cobroke agent
- The co broke office will auto populate
- Click the add button
In House - meaning Our Listing - Our Buyer
When user first opens the Commission page, the values for our seller (1) and our buyer (2) may all be set to $0.00. The page may already include list agent (3), sell agent (4) that are involved in the transaction with the given $ % and award % values in each agent.
The listing agents (1) and buyer agents(2) in Agents sub menu are the same on the Commission submenu.
- Enter the selling price
- The commission price will be filled in automatically
- Enter the listing commission % value and the $ value will compute automatically or vice versa
- Enter the selling commission % value and the $ value will compute automatically or vice versa
- Click the save button
- The listing commission of $42,000 is the same as the adjusted list commission and distributed to the agents on the list with an amount based on the $ percentage values
- The selling commission of $55,000 is the same as the adjusted sell commission and distributed to the agents on the list with an amount based on the $ percentage values
Paying Referrals Off the Top
- Referrals are taken off, on the amount on top of the commission $ values. This will be given to different referral companies listed.
- Enter the referral % values and the $ values will compute automatically or vice versa
- For instance, $14,700.00 will appear automatically after entering 35.00 as the % values
- Click the save button
- The referral of $14,700 is the same as the referral commission and distributed to the referral companies on the list with an amount based on the $ percentage values.
- The adjusted list commission of $27,300 is distributed to the agents on the list with an amount based on the $ percentage values.