Adding a new Commission through the Commission Tracker
Keep track of your real estate earnings with AGENTVIEW's Commission Tracker. Learn how to add a new commission, calculate your earnings, include transaction fees and credits, and connect commissions to your clients and transactions.
Want to keep track of how much you'll earn from an upcoming closing or a completed real estate transaction?
The AGENTVIEW Commission Tracker makes it easy to record your commissions, calculate your expected earnings, and account for any fees or credits associated with your transactions.
Whether you earn a percentage of the sale price or receive a flat commission, AGENTVIEW helps you keep your financial records organized in one place.
Step 1: Open the Commission Tracker
Navigate to Commission Tracker in AGENTVIEW.
Click Add Commission to create a new commission record.
The commission form will open, allowing you to enter your transaction information.
Step 2: Enter Your Transaction Details
Start by entering the basic information about your real estate transaction.
Transaction Name: Give your transaction a recognizable name, such as the property address or your client's name.
Type: Select the type of transaction, such as Purchase Listing, Listing for Sale, or Listing for Lease.
Status: Choose the transaction's current stage, such as Active, Pending, Sold/Leased, or Expired.
Sale Price: Enter the property's selling price.
Example: If you're representing a buyer purchasing a home at 123 Main Street for $600,000, you can use the property address as your transaction name and enter $600,000 as the sale price.
Keeping these details accurate makes it easier to identify your commissions and track transactions as they progress.
Step 3: Choose How Your Commission Is Calculated
AGENTVIEW gives you two ways to calculate your commission.
Option 1: Commission-Based
Choose this option when your earnings are based on a percentage of the property's sale price.
Enter the following information:
Commission %: The commission percentage applicable to your transaction.
Your Split %: The percentage of that commission you receive.
AGENTVIEW automatically calculates your base commission using the sale price, commission percentage, and your split.
Example:
Let's say you're working with the following numbers:
Sale Price: $600,000
Commission: 2.5%
Your Split: 80%
Your calculated base commission would be $12,000, before any additional fees or adjustments.
Option 2: Amount-Based
If you're receiving a flat commission rather than a percentage, select Amount-Based.
Simply enter the agreed commission amount, and AGENTVIEW will use that value as your base commission.
You can still enter the property's sale price for reference.
Step 4: Add Fees and Commission Adjustments
Not every commission is paid without additional expenses.
You might have transaction coordinator fees, brokerage fees, referral fees, or other adjustments that affect your final earnings.
To include these amounts:
Scroll to the Adjustments section.
Click + Add to create a new adjustment.
Enter a Label describing the adjustment.
Choose whether the adjustment should Add or Subtract from your commission.
Enter the dollar amount.
For example, you might add:
TC Fee: Subtract $500
Referral Fee: Subtract $750
Additional Commission Bonus: Add $250
You can add as many adjustments as needed to reflect your transaction accurately.
Step 5: Review Your Net Commission
As you enter your commission details and adjustments, AGENTVIEW automatically calculates your Net Commission.
This is your base commission after the additional fees and credits you've entered have been applied.
Here's an example:
| Commission Details | Amount |
|---|---|
| Base Commission | $12,000 |
| Transaction Coordinator Fee | -$500 |
| Referral Fee | -$750 |
| Commission Bonus | +$250 |
| Net Commission | $11,000 |
In this example, your original commission was $12,000, but after accounting for the additional fees and bonus, your expected net commission is $11,000.
This helps you understand what you're earning from the transaction before any other expenses or taxes not included in your adjustments.
Step 6: Connect Your Commission to a Transaction or Contact
AGENTVIEW also allows you to link your commission to existing records in your CRM.
You'll find two optional settings:
Assign a Transaction: Connect your commission to an existing property or transaction record.
Assign a Contact: Link the commission to a buyer, seller, or other contact in your database.
For example, if you're creating a commission for a home purchase, you can connect it to the buyer's contact profile and the corresponding transaction.
This helps keep related information organized across AGENTVIEW.
Step 7: Save Your Commission
Once you've entered your information:
Review the transaction name, type, and status.
Double-check your commission percentage, split, or flat amount.
Confirm that your adjustments are correct.
Review your calculated Net Commission.
Click Save to create your commission record.
Your commission will now be saved in AGENTVIEW's Commission Tracker.
You can return to the commission record anytime to update transaction details, modify adjustments, or make changes as the transaction progresses.
Helpful Tips for Managing Your Commissions
Use Property Addresses: Naming commissions after property addresses makes it easier to recognize transactions.
Verify Your Commission Split: Double-check the percentage you're entitled to receive before saving.
Track Your Fees: Include applicable transaction-related expenses to get a clearer picture of your expected earnings.
Connect Related Records: Link commissions to existing contacts and transactions whenever possible.
Keep Your Records Updated: Review your commissions when transaction amounts or details change.
Quick Tip: Don't wait until closing to enter your commissions. Creating commission records while transactions are active can help you keep track of upcoming earnings and better understand your potential income.