Adding Commission History for an Agent

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. Navigate to the Summary Tab of Agent and select EDIT Expand … Continue reading

Personal Real Estate Corporation

On October 1st, 2020, the Provincial government implemented new rules in Ontario allowing Realtors® to form a Personal Real Estate Corporation (PREC). PREC’s allow Realtors® to access the business advantages of incorporation, including tax and income planning benefits. The Ontario Real Estate Association (OREA) has created a website with resources … Continue reading

Closing a Transaction

Before you select “Close Deal” icon, we encourage you to double check the transaction for accuracy, including any interest calculations and ensure you are logged into QuickBooks®. Interest and its calculation details can be found via Deposit tab / Interest panel of transaction.  The Balance Due will be the interest … Continue reading

Custom Tab on Transaction

Once you expand the Transaction tabs, you will see the Custom tab. This is where you will enter data specific to your Brokerages requirements such as PID/Roll Number, Registration date, etc. to populate reports such as the Other Trade Record Sheet (Other) or Conveyancer Instruction report.  This data will also … Continue reading

Commission Plans

A commission plan is the Agreement between the Brokerage and Agent. Every Brokerage knows exactly what they need to make from each Agent to stay in business, however commission plans differ from Brokerage to Brokerage. Select Commissions on the left sidebar; then select NEW icon at top right of window. … Continue reading

Voiding a Transaction (Back Office)

Voiding a transaction should only be performed when a deal has fallen through and/or in the event a transaction has been entered in error (as a duplicate, for example). Once a transaction is voided, the Status will be changed to V Voiding a Transaction without Trust Deposit Select the transaction … Continue reading