Darwin Cloud

Agent representing both sides and only collecting sell commission

Updated on

Posting transactions where agent represents both sides and only collects sell commission.

There are two options to post this transaction:

  1. Post the transaction without accounting records but the agent is to get award credit from Anywhere* (Realogy)
    1. Enter the post date for accounting
    2. Click POST with no commission
  1. Post the transaction recording the deposit for Transaction fee due to the company, adjust the GCI

Adjust the $ commission:

  1. Click the Properties menu
  2. Locate the property using the search button
  3. Click the Commission submenu
  4. Adjust the list $ GCI to $0.01
  5. Deduct the $0.01 from sell $ GCI
  6. Click save

Adjust agent deduction to zero out Net commission:

  1. Click the Agent Net List submenu
  2. Check the box to override the $ amount to $0.01 for one of the deductions
  3. Click save
  4. Click recalculate
  5. Confirm that the Agent commission now is $0.00

Post the transaction:

NOTE: Posting Validation window will not pop-up anymore since there are adjustments applied in GCI.

  1. Click the Post submenu
  2. Enter the post date for accounting
  3. Choose to Direct Deposit or Write Checks now
  4. Check the box next to Record Payments received ?
  5. Click post
Previous Article Posting Validation Error Message: The cobroke commission cannot be set for this property (InHouse)
Next Article IH transaction: pay a commission to an agent that do not have incoming funds