Key Features of Commission Settings
In Click Contracts, buyer agent commission terms can be set as:
A fixed minimum dollar amount: This allows agents to specify an exact amount to be earned as a commission. For instance, many agents may choose to enter $0 as a minimum commission amount. However, this is entirely flexible and can be adjusted based on individual or business preferences.
A percentage of the transaction value: If preferred, agents can use a commission percentage instead of a fixed amount, providing greater adaptability for transaction-based earnings.
When you enter a percentage, type the number the way you would say it â two and a half per cent is 2.5, not 0.025. The % symbol is added for you as you type, and a value over 100 is refused and not saved.
No Preset Commission Requirements
One of the core benefits of Click Contracts is its flexibility in commission settings. There are no pre-established or mandatory minimum commission amounts. The platform allows agents and brokers to fully customize these terms according to their agreements. This flexibility ensures that both fixed dollar amounts and percentages accommodate unique agency requirements or practices.
Customization and Broker Presets
Additionally, brokers have the option to use administrative tools within Click Contracts to create commission presets. These presets streamline the process of setting terms for future agreements, saving time and ensuring consistency across multiple contracts. However, their use is optional, giving agents and brokers control over whether to implement tailored presets for their business.
Practical Benefits for Agents and Brokers
Flexibility: Completely customize commission amounts to fit the needs of agents and clients.
Efficiency: Use broker presets to save time when preparing offers or agreements.
Choice: Select between fixed amounts or percentages, depending on the transaction type and client arrangements.
By providing these tools, Click Contracts empowers agents and brokers to create agreements that align with their business objectives while simplifying contract preparation and management.