Sales Deductions tab
The Sales Deductions tab is used to manage deductions that you want to make against a Sale.
Deductions are often added to a sale to recover Marketing, Admin and or Franchise fees before allocating the Agent's share of the commission.
- Automatically add to each new sale or added manually.
- A deductions can be set as a percentage of the commission or at a fixed amount.
A deduction will be deducted from BOTH the Listing & Selling sides
Example
If you are used to deducting $500 for admin fees on each sale. Load as 250 and 250 will be deducted from both the Selling side and the Listing side of the sale.
If your Company is multi-office, you will need to create sale deductions for each office
Most offices will have sale deductions loaded.
Example deductions
- Franchise fees usually as a percentage
- Admin fees often as a flat rate amount
- Marketing fees
NEXT Commission Splits