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Commission (Gross) - Set Up & Application

  • Updated

Gross commission structures can be setup and applied against a listing to calculate the entitled commission for a sale of a property.

Step by step

1. Go to Financials > Setup/Configuration

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2. Click on the Gross Structure tab > Add New Structure in the bottom right-hand corner

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3. The Add/Edit Gross Commission Structure window will appear below, where you can add the required details: 

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  • Name: - Add the name of the structure that will be used to apply
  • Classification: - Select what type of properties the structure can be applied to, Residential, Commercial, Business, Rural, Holiday Rental, or Land
  • GST: - Tick this box if your structure includes GST
  • Base: - Add the base amount, i.e. If there is a set Admin Fee for each sale, you can add this as a base
  • Sliding Scale: - If there is a standard commission percentage, you will only need to enter the amount (usually $999,999,999) and the percentage to the right

    If the fee is a sliding scale, eg: 3% on the first $300,000 and then 2.5% of the balance click on the green + to the right of the percentage box - This will add another tier to your commission. 

4. Once you have completed your structure, you are then able to click on Save

5. This enables the application of a gross commission structure to a listing in the Contract Details of the property card. The system will automatically calculate the gross commission based on the applied structure and sale price upon processing the sale.

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If a gross commission structure has been applied, the system will then automatically calculate the gross commission, within the sales details when processing a sale.

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