Setting up CAP commission plan based on Fiscal Year (YTD) or Anniversary Date

Setting up CAP commission plan based on Fiscal Year (YTD) or Anniversary Date

Set up the Formula

Add and the CAP commission plan

  1. Go to Formulas
  2. Go to Comm. Plans
  3. Click “Click here to add a new row” and enter the desired CAP plan name
  4. Choose the company from the drop-down
  5. Choose the agent's total that will be use for this plan
  6. Click save

NOTE: If the total is not yet setup, you can skip that column and save to add the CAP commission plan.

Create Person Tracking Total

  1. Go to Formulas
  2. Go to Totals
  3. Click new
  4. Enter the desired Total name (either for Fiscal Year or Anniversary Date)
  5. Total type is Person
  6. Enable the Formula for both sides (List & Sell)
  7. Click start
  8. Choose the format from the drop-down
  9. Total type is Person
  10. Add the formula  based on what deduction type
  11. Add the dates either based on YTD or Anniv Date
  12. Click save

Add the Deduction Rule (depends on what deduction type will the CAP plan applies)

  1. Go to Formulas
  2. Go to Deduction Rules
  3. Choose the deduction type from the drop-down
  4. Click new to add a new rule

From the pop-up window

  1. Choose deduction type from the drop-down
  2. Click next
  1. Enter the desired rule/formula name
  2. Enter the desired sort order sequence
  3. Click next
  1. Choose the side that this rule applies, either one side or both sides
  2. Click next
  1. Choose the commission plan from the drop-down
  2. Choose the agent commission subplan from the drop-down
  3. Click next
  1. Choose the property list side commission subplan from the drop-down
  2. Choose the property sell side commission subplan from the drop-down
  3. Click next
  1. Choose the transaction types from the drop-down
  2. Choose the accounting code from the drop-down
  3. Click next
  1. Choose either the rule is for agent generated or office generated or for all from the drop-down
  2. Choose the seller source from the drop-down
  3. Choose the buyer source from the drop-down
  4. Click next
  1. Choose the office from the drop-down
  2. Click next
  1. Add advanced criteria if there's any by clicking the ellipsis button
  2. Click next
  1. Choose the percentage based as the formula type
  2. Click next
  1. Add percentage by clicking the ellipsis button
  2. Add the formula is by clicking the ellipsis button
  3. Click next
  1. Choose the agent total from the cap deduction based on drop-down
  2. For the after CAP reached section, enter either a fixed $ amount or the percentage
  3. Click finish

Add the CAP commission plan to the agent's commission profile

  1. Go to People
  2. Click search
  3. From search person window, enter either first name or last name of the agent
  4. Choose Agent from the type drop-down
  5. Click search
  6. Click on the agent's name to open the profile

If the CAP plan and created tracking total are based on the agent’s anniversary date, check this part of the agent’s profile first

  1. Go to People
  2. Go to Agent basics
    1. If the Anniversary dates are filled out - go to the next step below
    2. If the Anniversary dates are NOT correct or filled out
      1. Click the drop-down next to Anniversary date and enter the agent’s anniversary date
      2. Click save

Update the agent's commission profile

  1. Go to Commission
  2. Click the hyperlink none
  3. From the Commission Plans pop-up window, choose the CAP plan from the drop-down
  4. Click save
  5. Click the + button to add the tracking totals
  6. From the set tracking totals pop-up window, filter the list by entering the total name
  7. Checked the box of the desired person total
  8. Click add
  9. From the options pop-up window, choose save for only this agent
  10. Click save
  11. Enter the $ CAP amount that the agent needs to reach
  12. Click save

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