This is where you add the plans that will be used to calculate the fees charged to your brokers on transactions.
Administration > Setup > Split Commission Plans
To add a plan click on the +Create
The plan ID number automatically registers.
Select the invoice item that will be used to determine which GL account will be charged.
Active Yes/No allows you to inactive a plan that is no longer used.
French and English name, description for the plan.
Maximum fee per calculation, to determine if a maximum is applicable for a transaction
Ex: $250 per transaction side up to a maximum of 400
Application of the calculation scale several choices are available to you.
Invoice Ellement Cumulative is used if there are several levels of plan and these are limited to an amount Ex: 0 to 5000 for the billing element the fee is 300% when this amount is reached, the fee is 0.
Transaction Count is used if a fee applies based on a transaction count.
Example: $100 per transaction, the first 10 transactions.
Agent Transaction Commission Usually Serves when there is only one fee, or for a fixed fee
Example: 5% fee on all transactions or $250 per transaction side
Agent Cumulative Commission is used if an amount applies in increments
Example: 0 to 30000 fee 30% fee
30000 to 75000 of compensation 20% of costs
75000 to 9999999 of compensation, 5% of costs
Office Transaction Commission is the same principle as compensation of the Agent in the transaction, except that if there is more than one Agent involved it will be the total of the amounts of the agent in the office that will be used to determine the amount to be used.
Example: $450 per transaction side divided by the number of brokers involved.
Transaction Sold Price is sometimes used to charge an additional advertising fee for luxury properties.
Cumulative Royalty Fees are used to calculate a fixed amount until an amount billed is reached, used for tiered plans, and fees are charged on compensation advances
Example: $0 to $5,000 20% fee
5000 to 10000 10% fee
the excess 5% of expensesè
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