Acceptance date — is a date when the listing goes under contract.
Agent commission — is net commission, amount that agent has after all deductions.
Award allocation — is a starting gross commission % for an agent. If there is only 1 agent usually they will have a commission allocation of 100%.
Calculation Simple: A single calculation to determine a deduction or split amount.
Calculation Sliding Scale: Multiple calculations to determine a deduction amount where there are price breakpoints or changes in percentages that occur based on certain totals determined in a deduction or split portion of the commission plan.
Closing date — is a date when the listing has been closed.
Commission basis — is a gross commission amount assigned to that agent from their award allocation %.
Company Dollar Contribution: Found in the sliding scale base section of all deductions, this amount refers to the $ amount that has gone to the Company in transactions involving the agent, including both the split portion and any deductions they received. For example, in a commission with an 80%/20% split, the 20% is what the agent contributed to the company. This is a running total that is kept track of according to the “Over the Period” immediately below Sliding Scale Base. This also includes any and all deductions amounts paid to the company.
Company split — is % of the split that goes to the company.
Commission allocation: A starting gross commission % for an agent. If there is only 1 agent usually he will have a commission allocation of 100%.
Commission Plan: A commission plan is created and can then be assigned to an agent (or agents). Within each plan, deductions and the agent/company commission splits are set up and configured. When creating a new transaction and assigning an agent to a side, that agent will then need to be assigned a commission plan. The commission plans can also be edited on a transaction-by-transaction basis if any small changes need to occur within a specific transaction. Those changes will not be saved into the commission plan template, only in that particular transaction.
Creation date - is a date when the listing is created in "Brokermint".
Expiration date - is a date when the listing expires.
Gross Commission: Commission prior to any deductions taking place. A total gross commission earned by both buying side and listing side, combined.
Important date — is dynamic and shows expiration date for "listing" and closing date for "pending".
Listing date — is a date the listing term begins. Typically a date that the listing agreement has been signed by all parties.
Month to date — is a period starting at the beginning of the current month and ending at the current date.
Month of the acceptance date — anytime an acceptance date is defined in a transaction, it will be the base of the metric for that entire month. For example, if the acceptance date is 1st of January, 2019 it will count the entire month of January before it resets.
Not Less Than/Not to Exceed: Found within all deductions and splits, this sets hard minimums and/or maximums to any amount determined within a deduction or a split.
Percentage of Commission Allocation: Found in Pre-Split deductions to the Agent, this is a starting gross commission % for an agent. If there is only 1 agent, usually they will have a commission allocation of 100%. If two agents are splitting equally, then each will have 50% share of the commission allocation for the side.
Percentage of Commission Basis: Found in Pre-Split and Post-Split deductions and as a base for a sliding scale. Commission basis can be defined as side income minus any pre-commission deductions from the brokerage. It is a gross commission amount assigned to that agent from their award allocation %.
Percentage of Company Split: Found in Post-Split deductions, this percentage is based on the amount of commission going to the company immediately after the split occurs.
Percentage of Office Gross: Found only in Post-Commission Deductions, this percentage is based off of the Company’s portion of the commission, prior to any deductions taking place.
Percentage of Pre-Split Balance: Found in post-split deductions, this percentage is based on the amount just prior to the commission split, after all pre-commission deductions have occurred.
Percentage of Post-Split Balance: Found in Post-Split deductions, this percentage is based on the amount of commission going to the agent immediately after the split occurs.
Percentage of Price Sold: A percentage of the agreed sales price of the transaction.
Percentage of Remaining Balance: A percentage of the running total within a transaction as deductions are removed from the initial commission total. As each deduction is removed, this balance adjusts to a new “remaining balance.” This is very useful when creating sliding scales, tiered commission plans, and multiple deductions which follow an order of priority. It is also the only way a transaction which causes the Agent to cross a Cap can be pro-rated and accounted for within the deal, as soon as the Cap is crossed.
Percentage of Side Income: Found in Pre-Commission Deductions and Splits, % of side income is the award allocation for the side (listing or buying). The difference between side income and commission basis is that a commission basis can be reduced if any pre-split deductions take place. Commission basis can be defined as side income minus any pre-commission deductions from the brokerage.
Pre-Commission Deduction: Always paid by the Company. These deductions are taken out of the commission prior to any split.
Post-Commission Deduction: Always paid by the Company. These deductions are taken out of the company’s portion of the commission after the commission has been split between the agent and the company.
Request initiator — is a role that can be left on while creating templates in the library. The request initiator is whoever sends the Library template out for signature. The Request Initiator can also complete any fields assigned to them before sending out the form to other signers.
Sales Volume: This metric is typically used by brokerages to track sales. Found under the Sliding Scale Base setting, this selection scales the deduction by the total volume of sales revenue generated by either the individual agent or agent’s team within a specified period of time. It can also be divided amongst multiple agents within a transaction.
Since last anniversary — the anniversary date is always defined in user profiles. The sliding scale will reset on each individual agent's anniversary date.
Side income — is award allocation for the side. The difference between side income and commission basis is that a commission basis can be reduced if any pre-split deductions take place. Commission basis can be defined as side income minus any pre-commission deductions from the brokerage.
Sliding Scale Base: Found in all deductions and splits when the Calculation is set to “Sliding Scale”.
Split: Company’s Portion: Found under the Sliding Scale Base setting, this selection scales the deduction by the total commission split money accrued by the Company within a specified period of time.
Total Gross Commission (TGC): Found in all deductions and splits, this amount is the total commission earned by both the buying side and listing side combined, prior to any deductions being calculated. However, many brokerages only input the gross commission of the side(s) they are representing.
Transaction owner — is the one who created the transaction. You can change the owner in users and contacts within the transaction.
Transaction Points: Found under the Sliding Scale Base Setting, this selection scales the deduction by the number of individual transactions the agent (or the agents’ team, if the team has been selected) has closed within a specified period of time. In instances where an agent or team represented both sides of a transaction, it will only count for a single transaction point.
Year to date (YTD) — is a period starting from the beginning of the current year and continuing up to the present day
$: A setting found in all deductions and splits, this is simply a static dollar amount set by the plan that does not change based on any other number or amount.