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Set up agent commission structures (Net)

  • Updated

Learn how to configure agent commission profiles using fixed percentages, sliding scales, and base salaries for accurate settlement payouts.

Set up a commission structure for a user

A key part of managing commissions in MRI Vault is ensuring each agent has a correctly configured commission structure. This setup determines how commissions are calculated and reported during the settlement process.

  1. Go to: Settings > User Management
  2. Select the desired user
  3. Click the Commission Structure tab
  4. Click Add Commission Structure
    Add-commission-structure.png

The Net Commission Structure window will appear, where you can add the required details.

Add-net-commission-structure.png

  • Reporting On - Choose how commissions are reported in the pay cycle:
    • Settlement Date: Based on the date entered
    • Physical Settlement: Based on when the property is marked as settled
    • Release Actioned (NZ only): Based on when the Release of Funds button is clicked
    • Release Date (NZ only): Based on the selected release date
Note: (NZ only) If "Release of Funds" is not actioned after a property is marked unconditional, the system will default to using the physical settlement date.
  • Pay Cycle Start - Enter the start date of the user's pay cycle
  • Pay Period - Choose from:
    • Weekly
    • Fortnightly
    • Bi-Monthly (1st-15th, 16th-end of month)
    • Monthly
  • Pay Structure - Select from:
    • Base pay only
    • Fixed percentage (with or without base or retainer)
    • Sliding scale (with or without base or retainer)
  • Base Salary - If applicable, enter the base salary amount
Note: If using base only, enter the salary and click Save.

Additional configuration based on pay structure

If you select Fixed % or Sliding Scale, additional fields will appear:

  • Fixed % - Enter:
    • Base salary (if applicable)
    • Retainer (if applicable)
    • Commission percentage per property
Fixed-percent.png
  • Sliding Scale - Enter:
    • Base salary (if applicable)
    • Retainer (if applicable)
    • Sliding scale details
Sliding-scale.png
  1. When done, click Save

The commission structure will automatically apply in the property's card Agent Allocation tab, under the Financial tab, when the user is involved in a sale.

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