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How to generate, customize, and send transaction invoices to clients in BrokerChamp, including late-fee handling and past-due flags.
BrokerChamp invoices are most common on lease transactions where the brokerage bills the tenant or landlord for the transaction fee directly. They can also be used on any sale where the client is paying a separate brokerage fee outside of the closing statement.
If more than 30 days have passed since the move-in / closing date, BrokerChamp automatically:
Late fees are not applied automatically every time you re-open an invoice. They are applied through the Late Fee Rules engine in Transaction Settings. Configure your rules (for example, "10% after 30 days, additional 5% after 60 days"), run the late-fee application, and the resulting fee shows on the invoice as a separate line item.
The Vibe Brokerage uses BrokerChamp to manage $243M in volume across 1,346 transactions, 4 Texas markets, and residential, commercial, and property management divisions.
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Admin tools for managing all company transactions.
How to generate a Commission Disbursement Authorization (CDA) PDF from a transaction in BrokerChamp for delivery to the title company.
What happens when you close a transaction in BrokerChamp: status change, closed date, audit log, and automatic commission plan advancement.
How to enable per-team transaction approval so team leaders review their members' transactions before they post.
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