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's payable Income on the transaction.  

To set up a Transaction Fee plan, go to your Settings Icon in the upper right portion of your ClientBAY.  From the Financial Section Select Plans and then Transaction Fee Plans.

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.

• Related Articles

• Agent GCI Commission Plans

  Below you will find the definitions of each part included in setting up your agent GCI commission plans: Term Definitions Name - the name of the commission plan Description - a brief description of the plan Status - determines whether the plan is ...

• Deduction Plans

  You have the ability to set up Deduction Plans so that a deduction can be made on a per transaction basis. Deductions can reduce GCI or Agent GCI. Multiple deductions can be set up within a Deduction Plan. To set up a Deduction Plan, go to your left ...

• Creating Agent Fee Plans

  Agent Fee Plans are used to create fees that are billed to agents on a recurring basis. Multiple Fees can be set up within a Plan that can be scheduled to automatically bill to Agents. The fees can be assessed monthly, bi-monthly, quarterly, ...

• ADMIN: Setting Up Transaction Tools

  Creating Checklists Checklists within Transactions are where your compliance transaction paperwork lives. When an agent creates a transaction, they can upload the necessary paperwork for that transaction. Checklists can be organized within Folders. ...

• Transaction Settings

  Transaction Settings & What They Do Please note that not all administrators at your company have access to these settings. Only those who have access will be able to view these settings. For admins designated as Transaction Admins, you will find the ...