Transaction Fee Plans

You have the ability to set up Transaction Fee Plans for any fee paid by the agent on a transaction. A Transaction Fee Plan ultimately reduces the agent income on the Financial Grid. 

To set up a Transaction Fee plan, go to your Financial tab on your left side menu and select Transaction Fee Plan.

Select the  Add Transaction Fee Plan button in the upper right hand corner.

From here you can either Add a Fee or Add Fees from  an Existing Plan.

Fill out the Name, Type and additional information and then Press Save.

That Transaction Fee Plan will be created and will now appear on your Transaction Fee Plans Dashboard.

Name: Type in the name of your Transaction Fee Plan

Type: This field populates the options you have set up in your Agent Fee Types lookup (Financial Tab - Agent Fee Types)

Listing/Buying: Decide which side of the transaction this fee applies to

Use Commission Percent: If you want the fee to split based on the percentage of commission the agent is getting then set this to Yes.

Cap Basis: If you want this fee type to cap based on the Commission Plan, select the period of time you want this to be based on.

Add as Unshared Income: Set this to yes or no based on whether or not you want this fee to be added to the income on the transaction.

Subtract From 1099: Decide if you want this fee to be subtracted from the Agent's 1099.

Treat as Agent Company Income: Yes or No

Split for In House: Decide if you want his fee to split on In House Transactions.

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