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Article

Creating a Standard Commission Plan

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Information

 
Summary
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Commission Plans give you the power to customize the splits for each agent on your team. Agents can only be a member of one active commission plan at a time. Agents must be in a commission plan before we can calculate commission payments. For more details on how net commissions are calculated, please see the article titled Commission Payments. 

Standard Commission Plan

Standard Commission Plan includes multiple tiers and commission percent for a group of users. This record type is selected by default in the record type picklist .

 
  1. Click on the Commission Plans tab and click New.

    New Plan.jpg
  2. Select “Standard Commission Plan” Record Type and click Continue. Record Type.jpg

  3. Enter a name for the commission plan

    Commision Plan Name.jpg
  4. Select Record Type as “Standard Commission Plan”

  5. Choose when the net commission should be calculated

    1. Booked – Calculate Splits when a deal is booked and corresponding invoice is create

    2. Received – Calculate Splits when payment is received and allocated to agent’s gross commission​

      Calculate Splits.jpg
  1. Select the record types for which this commission plan applies to.

    1. In order to create two different plans for sale and lease, create a plan for record types Sale and create another plan with record type Lease

    2. If you have one commission plan that applies for all deals, simply select All Comps

    Apply Commission.jpg
  1. Click on Add Split link in the Splits table to add a split.

    Add Split.jpg
  2. Enter split details

    1. Gross Commission From ( Recommend to leave it as 0 for the first split level)

    2. Gross Commission To ( Recommend to leave it as blank for the last split level)

    3. Agent Split

    Splits Data.jpg
  1. Click on the Add Member link to add an agent to the plan.

    Add Member.jpg
  2. Enter Member information

    1. Agent

    2. Previous Gross Commissions - used in calculating the net commissions

    3. Date for Previous Gross Commissions

    4. Plan Start

    5. Plan End - leave it blank if the plan applies forever

 

Note: If a new agent starts in the middle of the year, you can add the agent to a new plan with a start date and end date and add them to another plan in the beginning of the next year.

 

Member Information .jpg

Click Save to save the new Record.


Next: Creating an Agent and Manager Commission Plan

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