A buyer’s agent is a licensed real estate agent who works for and is paid by the buyer.

TABLE OF CONTENTS


How to process the commission

Because you will not have a listing you will need enter a Manual sale so that you can create an invoice and change the Invoice to be the Buyer.

Create a manual Sale

Open Sales and select New button and choose the Manual sale option. 


Enter the property Address and then the Sale information.

Sale deposit = Zero

You will still need to add the Vendor & Purchaser as well as their solicitors.

Then click Save.

Change the Invoice to the Purchaser.

Open the sale and select the Commission tab.

 

On the Commission Statement panel select the Edit button 

Select either the Purchaser or Purchases Solicitor to Invoice


Change the sale status to Unconditional.


Buyer's Agent Invoice

Now use the Invoice button to Invoice the Purchaser for the buyer agent fee

As the account is paid Receipt the money as you would for a normal sale

The program will automatically understand that this is commission money only and be deposited into the company trading account.


 When all of the fee has been receipted the Sale can be Released and Agents paid as per a normal sale.