Agent representing both sides and only collecting sell commission

Agent representing both sides and only collecting sell commission

Posting transactions where agent represents both sides and only collects sell commission.

There are two options to post this transaction:

  1. Post the transaction without accounting records but the agent is to get award credit from Anywhere* (Realogy)
    1. Enter the post date for accounting
    2. Click POST with no commission
  1. Post the transaction recording the deposit for Transaction fee due to the company, adjust the GCI

Adjust the $ commission:

  1. Click the Properties menu
  2. Locate the property using the search button
  3. Click the Commission submenu
  4. Adjust the list $ GCI to $0.01
  5. Deduct the $0.01 from sell $ GCI
  6. Click save

Adjust agent deduction to zero out Net commission:

  1. Click the Agent Net List submenu
  2. Check the box to override the $ amount to $0.01 for one of the deductions
  3. Click save
  4. Click recalculate
  5. Confirm that the Agent commission now is $0.00

Post the transaction:

NOTE: Posting Validation window will not pop-up anymore since there are adjustments applied in GCI.

  1. Click the Post submenu
  2. Enter the post date for accounting
  3. Choose to Direct Deposit or Write Checks now
  4. Check the box next to Record Payments received ?
  5. Click post
    • Related Articles

    • How to Collect Bills From Agent Commission

      Users can collect an agent’s bills directly from the commission they are set to receive. There are two ways to manage this: Automatically deduct bills from agent commission Manually enter agent bill deductions Billing Preference Setting A new setting ...
    • How do I Review / Edit Agent Net Commission Calculation

      Click the Properties menu Search for the property using the search button Click the Commission submenu Screen will show the adjusted list commission and adjusted sell commission amount Click Agent Net List and/or Agent Net Sell submenu From the gross ...
    • What if Agent Net is greater than Adjusted Gross Commission

      There may be times when adjustments made will generate a higher Agent Net commission than the amount of commission received. To resolve this problem, follow the steps below: Click Properties menu Click Post submenu Post the transaction with incorrect ...
    • Posting Commission Process Validation

      When posting a transaction in darwin Cloud, there are some things that the system needs to check before the posting goes through. Types of process validation and how to fix it When Cobroke commission will be paid, the Cobroke commission needs to be ...
    • How Do I Customize Commission Checks?

      Customizing Commission Checks To create a commission check On Tools menu Click the new button Enter name of the check in the field. This time, commission check will be created Select the check type from the drop-down list. Commission is the selected ...