Want a better way to keep track of your real estate commissions and see how much your business is earning?

The AGENTVIEW Commission Tracker brings your commission information together in one convenient place. Whether you're managing active transactions, preparing for upcoming closings, or reviewing previous earnings, you can easily track your commissions and stay informed about your financial progress.

You can also account for transaction-related expenses, such as brokerage fees, referral fees, and other adjustments, to get a clearer picture of your expected earnings.

Getting Started with the Commission Tracker

Open the Commission Tracker in AGENTVIEW to access your commission dashboard.

From here, you can:

• Review your recorded commissions and transaction details.

• Monitor monthly sales volume and commission totals.

• Add new commission records.

• Update existing transactions and commission amounts.

• Track fees, credits, and other commission adjustments.

• Search for commissions and access reporting tools.

Let's take a closer look at how everything works.

Understanding Your Commission Overview

The Commission Tracker provides a monthly overview of your commission activity, making it easier to see how your real estate business is performing.

You'll find several important figures:

• Total Transactions: The number of transactions recorded for the selected period.

• Total Sales Volume: The combined property sales volume represented by those transactions.

• Total Commissions: Your recorded commission earnings for the selected period.

For example, if you closed four transactions in a month, you can review their combined sales volume and commission totals to better understand your production.

Reviewing this information regularly can help you recognize trends, evaluate your progress, and plan for upcoming business goals.

Managing Your Commission Records

Your Commission Tracker displays the transactions and commissions you've entered into AGENTVIEW.

Each record includes important information, such as:

• Transaction Name: Identifies the transaction, often by property address or client name.

• Transaction Type: Indicates whether the transaction involves a purchase, listing, lease, or another supported type.

• Status: Shows the transaction's current stage, such as Active, Pending, or Sold/Leased.

• Sale Price: The property's recorded selling price.

• Commission Amount: Your calculated commission before additional adjustments.

• Net Commission: Your commission after recorded fees and credits have been applied.

Need to make changes to an existing commission?

Simply select the commission record to open its Commission Details page. From there, you can update transaction information, commission amounts, and adjustments as your deal progresses.

Adding a New Commission

When you're working on a new transaction, you can create a commission record to track your expected earnings.

1. Click Add Commission in the Commission Tracker.

2. Enter the transaction's name, type, status, and sale price.

3. Choose how you'd like to calculate your commission.

AGENTVIEW supports two calculation methods:

Commission-Based: Enter the commission percentage and your split percentage. AGENTVIEW calculates your base commission using the property's sale price.

Amount-Based: Enter a flat commission amount when your earnings aren't based on a percentage.

You can also add transaction-related fees or credits before saving your commission.

Understanding Commission Adjustments

Your commission isn't always the exact amount you'll receive after closing.

For example, you may need to account for a transaction coordinator fee, brokerage fee, referral fee, or an additional commission credit.

AGENTVIEW allows you to add these items as Commission Adjustments.

• Subtract: Reduces your commission by the amount entered.

• Add: Increases your commission by the amount entered.

Here's a simple example:

AGENTVIEW automatically calculates your Net Commission based on your commission amount and the adjustments you've entered.

This helps you understand your expected earnings after recorded transaction expenses and credits, before any additional costs or taxes not included in AGENTVIEW.

Searching and Reviewing Commissions

As you add more transactions, the Commission Tracker makes it easier to find the information you need.

Use the Search feature to locate commission records using information such as:

• Transaction name

• Transaction type

• Sale price

• Commission values

For example, if you need to review the commission from a particular property sale, you can search for that transaction instead of browsing through your entire commission history.

You can also return to existing records whenever you need to update a transaction's status or financial information.

Reviewing Your Commission Performance

Beyond managing individual commissions, AGENTVIEW provides reporting tools to help you understand your overall production.

You can generate Monthly and Yearly Commission Reports to review your recorded earnings over different periods.

These reports can help you:

• Compare commission earnings from month to month.

• Review your production over an entire year.

• Track progress toward your income goals.

• Identify periods when your business performed particularly well.

The Commission Tracker also includes options for exporting and sharing commission reports.

Making the Most of Your Commission Tracker

Keeping your commission records current can give you a better understanding of your real estate business.

Here are a few helpful practices:

• Record Commissions Early: Add commissions when transactions begin so you can keep track of potential earnings.

• Update Transaction Statuses: Keep records current as deals move from Active to Pending or Sold.

• Track Your Expenses: Include applicable transaction fees and credits for more accurate net commission calculations.

• Review Your Monthly Performance: Check your transaction totals, sales volume, and commission earnings regularly.

• Keep Your Records Accurate: Update commission amounts whenever transaction details change.

Quick Tip: Make reviewing your Commission Tracker part of your weekly business routine. Keeping an eye on your active transactions and expected commissions can help you plan ahead, stay organized, and make more informed decisions about your real estate business.