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GuidesCommission feature › How to set up a commission formula & apply to a member?

How to set up a commission formula & apply to a member?

Manage company's commission

Step 1: Go to Setting page, choose setting icon "Commission"

Only Broker or person with Broker permission can access Commissions setting through the Settings page

Step 2: Create a new Commission plan from the system default formula

As you can see, Loan Originator and RE agent will use commission plans calculating by formula while In-house Processor and RE Coordinator will be assigned with a fixed processing fee across all transaction. Due to the fact that processing fee is a simple hand-filled action, we will give more attention to formula plan in the following section.

Hitting “+Add” button on LO or RE plan will redirect you to Commission Plan interface, then broker can choose any available formulas from our pre-defined pool or click “contact us” to request new formulas. Each formula will have their own detail description right below for better clarification.

Step 3: Edit other params for Processor and RE Transaction

Processor and RE Transaction Coordinator will be paid by using fixed input number by broker

Step 4: Apply the commission plan to member

Go to member's page, click on the member profile. Go to Tab Compensation & change the commission plan

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