The purpose of this article is to provide direction should you need to attach commission history from one agent to another (agent recently registered to transact as a Personal Real Estate Corporation) OR if you changed applications mid-calendar year.
On the left sidebar, select Agents / Summary Tab and select EDIT
Expand the Agent History panel and select ADD icon; date will default to todays’ date and can be edited to a date that is more meaning to yourself.
If you are adding history for a rolling type commission plan be sure to select the correct date and save one entry at at time. To add another line of history for another month, select ADD icon and ensure you are working on the empty record vs the one(s) already created.
Here is a field definition to assist:
Date – this represents an “as of date”, meaning before paying out this agents commission in Commissions, they had earned the amounts as entered. The date MUST be a date in the agents anniversary period.
Sales Volume – cumulative amount representing the sum of sales prices from all transactions closed and paid before Commissions implementation.
Gross – cumulative amount representing the gross commission (before any deductions or splits)
Adjusted Gross – cumulative amount representing the gross commission minus any Referrals Paid
End – cumulative value representing selling & buying ends. If agent represented both ends; you would enter 2
Agent Net – cumulative amount representing the agent’s portion of commission, ex. 80% of the gross, if the agent was on an 80/20 split – the value entered here should equal the amount of agent portion within their anniversary timeline
Agent Tax – cumulative HST/GST/Tax the agent received, in ON this would be 13% of the value entered in Agent Net field
Brokerage Portion – cumulative amount representing the brokerages portion of commission, the 20% of the gross, if the agent was on an 80/20 split
Brokerage Adjusted – NOT NEEDED and will be removed in a future release
Referral Fees – cumulative amount of referrals paid as relating to their existing anniversary timeline
MLS/Transaction Fee – cumulative amount as it relates to their existing anniversary timeline
Admin Fee/Royalty Fee (Fees 1-6 configured via Fee tab of Company Profile) – cumulative amount as it relates to the agents existing anniversary timeline