How to create Transactions on Received Referrals

Back Office supports the ability to manage, track and pay/receive referrals. This article highlights the simple process of entering transactions where your brokerage is receiving a referral.

Enter a transaction in the usual way (refer to “Entering Transactions”) with the following exceptions:

On the Main tab, in the Trans. Type field, select ‘R’ for Referral.

On the Commission tab:

  • Select a commission rule that gives 0% to the Selling side.
  • Manually override the commission amount to be the gross amount of the referral you are receiving
  • Enter the brokerage that is paying your brokerage the referral on the Selling side of the Referral Transaction
  • Enter your brokerage and agent(s) on the Buying side only.

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