Real Estate Industry Sales Commission

Overview

QCommission allows you to efficiently compute commission, draw, and bonuses. It also enables you to verify the results and share this information with your account executives, recruiters, consultants, and managers. By presenting commission details clearly, your staff will have a thorough understanding of their payments and the reasons behind them. Relying on Excel and manual calculations can introduce numerous errors, leading to a loss of trust from your staff. QCommission can prevent such issues by consistently and accurately calculating all commissions.

Calculate Accurately with Flexible Rules

QCommission provides a lot of flexibility to set up commission plans that are unique to your company and your staff.

Pay against Property Sales, New Leases and Lease Renewals.
Pay against Commercial and Residential businesses.
Pay commissions against Sale amount, Net Sale amount, Units of sale.
Deduct various fees such as desk and marketing fees from commission.
Pay flat amount of commission per Sale.
Pay different commission rates by tiers of revenue attainment.
Pay Referral Fees.
Pay employees, agents.
Credit sales by specific property to payees.
Credit sales by branch office, by specific deals to payees.
Split commissions between multiple Payees.
Pay different commission rates for Sales Reps
Provide splits and overrides to Branch Managers and Regional Directors.
Pay weekly, bi-weekly, twice-monthly, monthly, quarterly and annual.
Pay various bonuses.
Calculate commission on sale but pay out at time of close, move-in etc.
Make adjustments to payouts.
Pay draws or guaranteed payouts.
Track commission calculations across terminations and job changes.

Import/Export

QCommission is designed to integrate with Salesforce.com, Sage Peachtree, Sage Intacct, MS Dynamics GP, MS Dynamics Axapta, QuickBooks^®, SugarCRM, Xero, NetSuite, and many others. QCommission can also accept Excel, fixed files, and delimited format files. QCommission can process some PDF format files too. QCommission can also operate stand-alone.

Import data from QuickBooks^® including Invoices, Expenses, Payees, Customers and Products.
Import from third party systems sale, leases, close and move-in data.
Restrict Transaction import using a date range.
Export Commissions directly to QuickBooks^® Accounts Payable and Payroll.
Export data to Excel, and fixed or text-delimited file formats.

Plan Setup

The QCommission Plan describes an individual’s sales commission plan in detail.

Calculate payouts weekly, bi-weekly, monthly, bi-monthly, quarterly , etc.
Have multiple commissions and bonuses per plan
Create unique plans for every payee.
Share plan calculations among payees.

Reporting

QCommission stores all data entered and all payout calculations.

Produce detailed commission statements by payee.
Reproduce commission statements for prior periods.
Report on split credits and un-credited transactions.
Analyze historical transaction and payment Information.
Email commission statements to payees.
View commission statements through the web

Download Brochure

Case Study

NV Real Estate Academy Automates their Sales Commissions Using QCommission

QCommission Automates Commissions for Insurance Agency

Customer Profile

NV Real Estate Academy is one of the most well-known companies that teach people the ins and outs of a career in real estate investing. They provide a whole range of services from educational resources to active investing.

NV Real Estate Academy was founded and is run by Nick Vertucci, “one of the nation’s most prolific and successful real estate investors”.

The Problem

NV Real Estate Academy processes sales commissions for more than 60 payees on a weekly basis. With Excel as their main tool for this process, it proved to be time consuming, confusing, and unreliable in the long run. NV Real Estate Academy’s Jeff Wilson spent an average of 5-10 hours per week just processing sales commissions.

When we asked what made them decide to automate their sales commission process, Jeff explained that, “[The] main issue has always been crediting payees with additional sales collected after they were paid for an event. Also, the payouts of reserves held after 6 months”.

With this problem in mind, they searched online and found QCommission. “[QCommission] seemed to be the most prominent and best reviewed [software] during internet searches”, Jeff said.

The Project

As soon as the QCommission team received NV Real Estate Academy’s request for a demo, they quickly got together and created a demo version of QCommission which was tailored to all the parameters that Jeff Wilson provided during the needs analysis call. The demo was presented, and upon deciding that QCommission was the perfect fit, Jeff and the rest of the NV Real Estate Academy team gave the go signal for the project.

The QCommission team made sure to tailor the QCommission software to NV Real Estate’s needs:

Different plans were set for specific sales reps
Exceptions like cancellations and refunded amounts being deducted from the sales res’commissions were automated
The scenario where collecting a part of the sales rep’s commissions and paying them in the future was also automated

QCommission isn’t a one-size fits all kind of software. It is always tailored to do what the customers and their sales compensation plans call for.

To date, NV Real Estate Academy has been a highly satisfied QCommission customer for 1.5 years.

Customer Testimonials

“[QCommission] completely streamlined my payroll process. I was looking for an automated commission software that would fit our specific needs. I met with the QCommission team over the phone and they tailored the software to do exactly what I needed. After doing commission by hand, QC saves me probably an entire day’s worth of work each week. Highly recommended!”