Real estate brokerage firms require them to manage commissions. You’ll need to keep track of agent commissions, invoice payments and more – using real estate commission software can save both time and money by automating back office accounting procedures and streamlining commission calculations. Below are a few top solutions.

BrokerSumo:

This brokerage management system offers many tools to ease real estate transactions. You can onboard agents, process monthly billings for them and customize commission plans; calculate and track credits, deductions and disbursements of commission disbursements; send commission checks via ACH transfer as well as automatically generate 1099-MISC forms; manage referral fees, track leads and much more!

Paperless Pipeline:

This real estate software solution not only specializes in agent commission management but also offers features for office and transaction management. The commission dashboards give an in-depth view of company finances and agent productivity – you can set commission thresholds and alert agents when they hit their cap; additionally you can monitor sales activity and production as well as store documents during real estate processes with an e-signature feature for added security and track sales activity and production levels. Furthermore it includes reports to analyze performance and profitability in your office or transaction management activities.

Lone Wolf Back Office: With this software, it is easy to keep tabs on commission earnings and agent performance in real-time, quickly generate customized reports on key metrics within seconds, use its user-friendly tools without extensive training – schedule appointments, answer frequently asked questions and send follow ups all within an intuitive application that also automates lead generation by gathering data from various sources.

Real Geeks:

This real estate broker software was designed to streamline back office tasks and give a complete overview of agent commissions, invoices, and payments. Utilize your own domain for hosting the broker site, while seamlessly integrating third-party apps like Commissions, Chime, TRIBUS, Inside Real Estate, Follow Up Boss and Propertybase – among many others – into it. Real Geeks supports both accrual and cash accounting methods, and offers several other features for brokerages that could prove helpful, including automated checklists, API access, e-signatures and white label rebranding capabilities. Furthermore, integrations for CRM/MLS systems are provided free trial period followed by custom pricing plans that fit your brokerage. You can request a live demo to decide whether Real Geeks’ tools will meet the needs of your brokerage.