Allocating Commissions Splits 

Once a sale has moved from status 'Available' to either Under Contract or Unconditional the commission's tab of the sale will display transaction details, including sale price, key dates and gross commission. 

Commissions can be allocated for agents with roles that attract commission i.e. listing and selling agents, internal conjunction agents (branch model only), and external conjunction agents added to the listing. 

1. Ensure all relevant agents and referral agents are added against the listing card via the Agents & Contacts tab. 

2. If Mandatory Commission Splits is enabled in the System Config, then commission allocation is required when setting a listing to Under-Contract/Conditional (if enabled by support) or Unconditional.

Once an offer has been accepted and the listing is moving to either Conditional or Unconditional the Gross Commission Allocation will appear under the date section. 

3. Select the Allocation Type; Internal Conjunction - to split the commission between two or more internal offices and any external conjunctional agents (Branch Model Only) or Standard - to split the commission between agents and any external conjunctional agents. Note: if the conjunctional agent is not in the list check that the agent has been added correctly on the Agents & Contacts tab. 

 - Set the commission allocations for each.

 - Set the display price and stats

 - Click Yes

4. Once a listing has moved to unconditional access the Listing Card > Commission to review and save the Office Commission Allocation. If your sale includes conjunctional agents access our pages on conjunctional commissions. 

5. Click Save Commission

6. To access and manage Agent Allocations click through to the Agent Allocation Icon. 

The Agent Allocation section shows Gross Deductions, Awarded Gross Commission Splits per agent, and Gross Commission Earnings. 

5. Review and update Office Gross Deductions as applicable, Click + to add a deduction

6. Select a deduction from the Fee drop-down list, set the Rate Type % or $, Set the Rate, select one or more Agents to allocate this deduction to (if applicable)

Click Add

The Gross Deduction, Rate, Rate Type and Total will show under Gross Deductions. Any agents who have been allocated will have the Gross Deductions value allocated.

7. Click the + sign on the Agent Allocation table to add each agent from the Office (if not already added as part of Mandatory Commission Splits). An agent can be added more than once if they have been added to the listing in multiple roles, such as both a listing and selling agent.

8. Allocate Awarded Gross Commission, Awarded Gross Commission split is the performance recognition for the sale and can be allocated independently of commission earnings. Enter the Awarded Gross Commission Split as either a %, $inclGST or  $exclGST. Awarded Gross Commission Split must total to 100% or the total $ figure associated with the sale

9. Allocate the Gross Commission Earnings Split between the Agents as either a %, $inclGST, or  $exclGST. Gross Commission Earnings can be less than 100% of the sale, but not more, the remaining earnings will be allocated to the office

10. Allocate the Agent/Office Split, the Agent/Office Split represents the fee that has been agreed upon with the office and the agent. This amount will repopulate from the Staff Card if a figure has been entered against the Staff Profile or Commission Profile (Debits & Credits Module Only)

11. Add or update the percentage split as either a %, $inclGST or  $exclGST

If a mistake has been made the refresh button can be used to refresh the Office/Agent Splits from the user's commission profile

12. Identify final earnings for agents via the Net Earnings Column, commission owed to the Agency will display as a figure at the bottom right of the table. 

13. Once you have entered in all splits and deductions click Save Commission. 

14. Agent Commissions Allocations can be printed as a Sales Summary to provide to agents for approval and/or record keeping. Click Print Commission

15. Select the type of summary to print:

                                                                 All Agents with splits

                                                                 For [Agent Name] {Agent Role] with splits

                                                                 All Agents without splits

                                                                 For [Agent Name] {Agent Role] without splits

16. Click Print