If needed, you can update the Franchise Fee to a different amount. The Franchise Fee can be taken as a percentage of the gross commission or as a flat dollar amount. If your office pays a franchise or corporate fee per transaction, the Franchise Fee will be set as the default amount entered in the location's Commission & CDA Settings. If the referral is being paid to an in-house agent, check the box for, "This is an in-house referral." Franchise Fee If a referral is being paid on the transaction, in the Referral Commission field, enter any referral commission due as percentage of the gross commission or a flat dollar amount. If the transaction is dual-sided, enter commission due for both the Listing and Selling side. In the Commission field, enter commission due as a percentage of the Sale Price or a flat dollar amount. Learn how to Create and Use Commission Basis → Commission Then, you will be asked to enter the basis amount on which commission should be calculated. If commission calculations are not based on the normal Sale Price, you can choose a different Commission Basis option from the list of your company's custom Commission Bases. Commission Basisīy default, the Commission Basis is set to Sale Price. If the Sale Price has been added to the transaction, the Sale Price will auto populate in the Sale Price field. If a Buyer's Name has been added to the transaction, the Buyer's Name will auto populate in the Buyer's Name field. Otherwise, enter the Escrow / Title contact. If a contact has been added to the transaction with the role Escrow, Title, or Settlement, that person’s contact information will auto populate in the Escrow / Title field. Learn how to Configure Commission & CDA Settings → Escrow / Title Confirm the Commission & CDA Settings have been configured for the transaction's location and that an in-house agent (that is not an assistant) is assigned.
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