Creating Commercial Commission Rules

Creating Commercial Commission Rules

Select Commission Rules > Commercial from the Set up menu and click New icon.

Enter the necessary data as described below:

Comm Rule The unique label you assign this commission rule. (ex. Builder)

**The label you assign cannot be used more than once.

Description A brief description of the commercial commission rule.

Rent/SqFt. Enter the dollar amount for the first, second, etc. year

Net Rent Commission Enter the percentage of the commission earned on the first, second, etc. year

Selling Net Rent Commission Enter the Selling percentage of the commission earned on the first, second, etc. year

 Selling Flat Commission Enter the Selling Flat Fee of the commission earned on the first, second, etc. year

 Buying Net Commission Enter the Buying percentage of the commission earned on the first, second, etc. year

 Buying Flat Commission Enter the Buying Flat Fee of the commission earned on the first, second, etc. year

Number of Months Enter the dollar amount for any part of a year, applicable percentage and the number of months

Under the Additional Configurations node

Click the box to enable Other Income Shared if applicable

Use % and/ or Fee allocated to Buying and Selling per year if applicable

Selling Total Commission Split Percentage Enter the percentage of commissions owed to the Selling Broker, if applicable

Buying Total Commission Split Percentage Enter the percentage of commissions owed to the Buying Broker, if applicable

Selling Total Plus Additional (Shared) Amount Enter a flat fee dollar amount (can be positive or negative) for each side, it can be used in combination with a percentage calculation or used on its own as a flat commission amount. Enter the amount only without the $ sign.

Buying Total Plus Additional (Shared) Amount Enter a flat fee dollar amount (can be positive or negative) for each side, it can be used in combination with a percentage calculation or used on its own as a flat commission amount. Enter the amount only without the $ sign.

Unshared Income Name if appilcable

MLS /Transaction Fee Rule Click the Look up button to select the MLS/Transaction Fee rule, if applicable, to be used for this commercial commission rule.

Click on the ‘Save’ icon when all the information has been entered.

 

 

Editing/Deleting a Commercial Commission Rule

Select Commission Rules > Commercial from the Set Up menu, highlight the commercial commission rule you wish to change in the database box and double click on it. Click Edit icon. Make the necessary changes and click the Save button.

 

To delete the Commercial Commission Rule, highlight the Rule and click Delete icon. A warning pops up to confirm.  Click OK to accept the deletion, otherwise select cancel.

 

 

 

 

 

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