Real estate commission software enables real estate brokerages and agents to accurately calculate and track sales commissions, eliminating errors while providing transparency for clients. Real estate commission management solutions also assist real estate brokerages by streamlining back office processes while meeting regulatory requirements for both accrual and cash accounting methods. Finally, automation of workflow enhances team transparency.
Some of the top real estate commission tracking and calculation software options include:
Paperless Pipeline provides a cloud-based platform that simplifies real estate transaction management and enables real estate professionals to collaborate with their clients more easily. With features such as electronic signature, email notifications, client and agent portal access and secure document storage; as well as multiple commission tiers support with reports for company gross fee, total inside commission and company net commission reporting capabilities and customized invoices plus mileage tracking which connects seamlessly to Shoeboxed to automatically import receipts into its database for automatic import into database; Paperless Pipeline also comes equipped with its own mobile app so users can remain mobile on-the-go while staying productive at work!
BrokerSumo offers comprehensive real estate commission management and accounting solutions to brokerages. Its commission management tools enable real estate professionals to track payments and expenses on time while being paid on schedule, plus help recruiting and training agents as well as real estate accounting services that produce comprehensive reports for brokers and clients.
Another popular solution is Lone Wolf Back Office, a full-service brokerage solution that consolidates front and back office functions. Its back office tools take care of brokerage commissions, audit prep, agent billing and accounting services provide accurate and timely information to brokers, clients and staff alike. However, the platform may prove cost prohibitive for smaller brokerages.
Realtyzam is an easy and user-friendly real estate commission tracking software solution tailored for agents. Compatible with major real estate platforms and accounting systems, its commission tracking features can handle complex commission structures while helping brokerages reduce errors while its comprehensive accounting capabilities provide instant agent, financial, and operational reports on demand.
This software solution is easy to use, offering many features like an inbuilt calculator, online document signing and mobile apps. Furthermore, it tracks commissions and other taxable expenses, generates documents for tax purposes and has responsive customer support; however it may not be suitable for large brokerage firms.
CommercialEdge is a commission management and accounting platform designed for commercial real estate professionals to keep track of payments, transactions, expenses and expenses more effectively. Compatible with Yardi Voyager, CommercialEdge allows brokerages to automate back office operations while using business analytics to increase transparency. Furthermore, CommercialEdge supports marketing to closing with tools for both accrual and cash accounting as well as tools designed specifically to reduce paperwork while increasing productivity – it makes an excellent solution for commercial real estate firms seeking a cost-cutting tool!