Submit Commission

You use the Offers & Commissions tab to detail the commission disbursement for an Opportunity and then submit this to your Market Center.

Note

You must have accepted an offer for the Opportunity before you can access the Commissions page for that offer.

• For more information, see Create an Offer.

• For more information, see Manage Offers.

To submit a Commission, complete the following steps:

1. From a browser, go to: https://console.command.kw.com.

2. Log in using your Keller Williams user name and password.

3. On the top-left corner, click Command.

4. On the left toolbar, click Opportunities .

5. Click on the phase (Cultivate, Appointment, Active, Under Contract, Closed) that contains the Opportunity.

6. Click on the Opportunity name to view the Opportunity details.

7. At the top of the Opportunity page, click the Offers & Commissions tab. The Offers & Commissions tab lists all offers for the Opportunity.

8. Click Manage Commission next to the accepted offer.

   The Offers & Commissions tab auto-fills with the data you entered into the accepted offer.

9. To edit the information in the General Information section, click Edit General Information. In the Edit General Information window, you can edit the Sales Price, Total Units, Contract Date, and Closed Date. When done, click Save Changes.

10. To edit the information in the Commission Information section, click Edit Commission Information. In the Edit Commission Information window, edit the necessary information, and click Save Changes.

    For Seller and Landlord opportunities, you can add a co-broker to the opportunity, click Add Co-Broker. For more information, see Add a Co-Broker Payment.

    If you need to add an outside referral to the opportunity, click Add Outside Referral. For more information, see Add an Outside Referral.

11. To edit the information in the Agent Payment section, click Edit Agent Payment.

    Each agent added to the Commission Request shows Cap Status information. The Cap Status data displayed is a snapshot of where the deal currently stands and may not reflect the Cap Status after the deal closes.

    To find the most accurate Cap Status data, access the Associate Income Summary Report, which uses official transmittal data. At the beginning of each month, the report updates with new data. The exact date this is completed each month varies, but usually the data is updated by the 6th of each month.

    If you need to add another agent to the opportunity, click Add Another Agent. For more information, see Add an Another Agent Payment.

12. On the Edit Agent Payment window, make any adjustments to your deductions. If you have split a unit with another agent, make sure you have distributed the other half of the unit properly. If you make any adjustments to the unit, click Calculate Commission to update the Agent Gross Commission.

    Each agent has a financial breakdown details section. In the Deductions section, there are spaces provided where each agent can donate to KW Cares, KW Kids Can, and the BOLD Scholarship fund.

    Note

    E&O (Errors and Omissions insurance fee) in not collected by all Market Centers. Contact your MCA to determine this amount.

    If there are additional items that needs to be deducted from the total, click Add Item, at the bottom of the section. On the Add Item window, select one of the following deductions, enter the correct information, and click Save.

    • Bonus (credit) - an additional fixed amount added to the standard commission amount normally to incentivize offers in a specified time frame. For example, a home builder might pay X percent commission. However, when close to selling out a subdivision, they may offer an additional amount if a contract is assigned by a particular date.

    • Concession - a portion of the commission that is generally owed to the agent but waived in order to get the deal to close. For example, an agent could waive a portion of their commission to cover a home warranty to alleviate buyer fears from the results of an inspection. This is an optional tracking mechanism.

    • Deduction (debit) - a payment for an expense incurred by the agent, paid from the agent’s net commission by the Market Center. For example, an agent contracts with a transaction coordinator for X dollars for closing. The Market Center deducts X dollars from the commission and cuts a check directly to the transaction coordinator.

    • Inside Referral - a portion of the commission that is sent to an agent inside your Market Center. For example, an agent would like to send a referral fee to an agent inside my Market Center.

    • Outside Referral - a referral fee that is sent to another broker. For example, you need to pay out a referral fee to another brokerage (the outside referral payment comes out of the your commission).

      When adding an outside referral on the Add Item window, if the agent does not have record in your Market Center database, click Add New Agent and add the agent details. An agent record will be created in vendor database for your Market Center.

      If the Company Name/DBA does not have record in your Market Center database, click Add New Company.

      The agent record you created will be available to you for any future transactions. The Market Center Administrator can also add this record to the Market Center database, making it available to all agents for future transactions.

13. To leave a note for your MCA or Compliance Coordinator, click Add Note on the right side of the page. They will see this note as they are reviewing the Commission request for this Opportunity.

14. After your unit and commission totals are balanced and each agent’s deductions have been entered, click Submit on the right side of the page.

    Note

    If you have not entered any charitable deductions, the Charitable Deductions window opens. You can select a donation and click Donate and Continue or choose not to, and click No, Not this time. For more information, see One Time Charitable Deductions or Recurring Charitable Deductions.

After your MCA, or Compliance Coordinator, reviews the Commission request, they will either accept or return it. You will receive a Kelle notification and Command notification after is is reviewed.

If the commission request is accepted and imported into WinMORE, the DA ID is automatically populated and can have the following statuses:

• U = Unposted

• P = Posted

• I = Incomplete

• T = Terminated

If your request is returned, review the reason for the rejection, and follow the steps above to correct any errors and resubmit the report.