Pay a portion of the sale commission money to your agents before a Sale is Released. 

There are two situations where you may want to pay a part take;

  • Commission only sales where you have received some of the commission but settlement is sometime in the future.
  • Sale Deposit is not enough to cover the Company commission but has been in Trust for the required period. (NZ only)


TABLE OF CONTENTS


Pay a Part take is a two step process;

  1. Withdraw the funds from your trust account into your Trading account
  2. Enable paying the agent

How to Pay a Part Take

This process is done on the sale details page. 

Sale must be Unconditional

Step 1 Withdraw the funds

Before you can Pay a Part Take you must have already withdrawn some of the funds from the sale into the Trading account.

Open the sale select the Withdraw button and select the withdraw type;

Company Commission.

Enter the amount to withdraw and click Save 

The transaction will appear on the sale transactions tab.

Step 2 - Pay the Agent

Now select the Sale Commission tab > Summary tab and select the transaction that you want to Part Pay and click on the Part Take button. Enter the amount that you want to pay the Agent.

You can now go into the Clearing screen and Pay the Agent.

You can only pay up to the total amount that you have Withdrawn in step 1

If you only pay a portion of the amount due to the agent a second transaction will be created with the balance for the Agent.

Understanding how it works:- When you make a Part Payment the original amount being paid to the Agent is split into two amounts. One amount is the amount that you are paying today and the second transaction is the remainder amount.


Example: If an Agent was to receive $3,000 and you Part paid them $2,000. Another record is created for the balance of $1,000 and the original record change from $3,000 to 2,000 and marked payable.

You can pay a part take to any entity (Agent) on the Sale


Pay a Part take is not the same as Early Releasing a Sale. Early Releasing a sale is moving ALL the funds held in Trust from the Trust account to your trading account before settlement.