Charging late fees the way your brokerage actually does it: a single fee or escalating steps, a flat amount or a percentage, floors, caps, an overall ceiling, and what happens to agents who have left.
This guide is part of the documentation for active BrokerChamp brokerages.
Already a BrokerChamp brokerage?
The Compensation Plans screen and what a plan actually holds: a name, an optional monthly fee, how funds get paid out, and a split for each transaction type your brokerage uses.
Paying a different split once an agent passes a production figure: what can be measured, what cannot, and the one thing about the numbers that surprises everybody.
Paying an agent a slice of somebody else's deal: the two kinds of bonus, the profile fields they depend on, and the two limits nobody expects.
The idea behind automatic plan advancement: what triggers a check, what production counts towards it, and what an agent and the office see when someone moves up.
No examples available for this page.