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Manage agent commission allocation

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Learn how to allocate and lock agent commissions in MRI Vault.

This article covers:

About allocating agent commissions

Agent allocation ensures commissions are correctly calculated and reported across MRI Vault. This process allows you to apply commission structures, split entitlements, and lock allocations before settling a property.

We enable each user to establish and implement their specific commission structure. Once a commission structure is applied, it will automatically be calculated in the agent allocation of a sale.

Note: You will require access to the financials to allocate the commission.

Allocate and lock agent commissions

Follow the steps below to correctly allocate agent commissions, apply entitlements, and lock the allocation for settlement.

Step 1: Access the agent allocation tab

Once the sale details, splits, and deductions have been applied, ensure the sale is marked as conditional (under offer) before allocating the agent's commission.

To begin allocating commissions:

  1. Go to: The property record > Click the Financials tab
  2. Click the Agent Allocation tab
    Agent-allocation-tab.png

Step 2: Review automatically populated agent data

MRI Vault will automatically populate listing agents and calculate their commission based on the applied structure.

If a commission structure is set for the agent, their entitlement will be auto-calculated. Otherwise, you can manually assign percentages or dollar amounts.

  1. Review the listed agents and their commission splits
  2. Confirm deductions have been subtracted
  3. Adjust entitlements manually if needed (fixed % or $)
    Agent-allocation.png

Step 3: Handle conjunction office allocations

If a conjunction office is involved, MRI Vault assigns 100% of the agent allocation to that office.

Note: The main office does not receive a portion of the conjunction office’s commission.
  1. Confirm that the conjunction office is added to the split
  2. Review the allocation to ensure it reflects 100% entitlement.
    Office-allocation.png

Step 4: Save and lock the allocation

Once you're satisfied with the commission split, you must lock the allocation to proceed with settlement.

Note: Locking the allocation finalises the commission and enables property settlement.
  1. Review all the details
  2. Click Save & Lock Allocation
    Save-lock-allocation.png

Step 5: Unlock allocation if changes are needed

If you need to make changes after locking, you can unlock the allocation.

  1. Click Unlock Allocation
    Unlock-allocation.png
  2. In the pop-up window, click Yes/Continue
  3. Click Proceed to unlock the agent allocation
  4. Make necessary updates
  5. Re-lock the allocation when ready

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