Learn how to set up different types of deductions for the commission module.
Set up Deductions
Master admin can easily set up deductions on the Deductions page. To access the Deductions page:
1. Click [ADMIN/SETINGS] to go to the Admin Page.
2. Go to the “Deductions Types” page from the Financials section on the left hand menu. Once there, you’ll see the ability to add deduction types.
These are various types of deductions that would come out of an agent’s commission or the brokerage's commission that would be paid to a third party. Some examples of deductions for your office might be charitable contributions, a home warranty, seller or buyer credits, or paying a transaction coordinator or an assistant.
Once you’ve setup your deduction types, they will be available on the Generate CDA page.
To learn more about the CDA page please see our help article: How to configure commission settings (currently CDA settings)>>
You can add deductions to a specific transaction while on the Generate CDA page. Step 3 of Generating a CDA is to allocate commission between your brokerage and any agents. Once you’ve setup your deduction types , they are accessible from the “Enter deduction for brokerage” and “Enter deduction for this agent” drop-down menus.
There are two parts to specifying a deduction:
1. Enter the deduction amount in the appropriate field.
2. Specify a payee (whom the deduction should be payable to). Enter their name and contact information in the Payable To field.