How real estate commissions work

Photo byMohamed_hassan onPixabay As you navigate the complex world of buying or selling a home, you’ll likely enlist the help of a real estate agent. These professionals play a crucial role in guiding you through the process and ensuring a successful transaction. But have you ever wondered how real estate agents get paid? In this comprehensive guide, we will delve … Read More

How to Calculate Real Estate Commission Income Using Loft47 & Dotloop

Leverage Your Real Estate Transaction Management Software Data to See Commissions and Projected Income in Loft47. Did you know the data generated in your transaction management platform holds the key to understanding your future income and, ultimately, your profitability? Knowing your projected income is vital to building a healthy business and informing you on where and when to focus your … Read More

The Loft47 Story

  Let’s Start at the Very Beginning Our story started when our CEO, Sasha Hryciuk, entered the real estate world in 2010. She was completely new to real estate accounting but felt a connection to her place in the industry. Sasha describes herself as, “a little boring. I’m a back-office kind of person.” She focused on operations management and workflow … Read More

Curtis Stasiuk: How MaxWell Progressive Embraced Automation

Curtis Stasiuk is no stranger to nurturing his goals, with the right tools in hand, of course. Having started MaxWell Progressive as a small four-agent brokerage in Edmonton, Curtis grew the operation to the 2 office, 130 agent operation that it is today. You don’t get the MaxWell Realty’s prestigious Diamond Award or Edmonton Real Estate Board’s Realtor’s Medallion without … Read More

Year-end Advice for Real Estate Brokers and Agents

It’s that time of year, again. Hopefully, you had an incredibly productive year and have painstakingly tracked all your earnings and expenses, making your year-end simple. You haven’t? Fear not. We’ve got some tips for you to get prepared for your year-end as well as tips to keep you on track for next. You may not be surprised to find … Read More

5 Things that Make an Excellent Real Estate Mentor & Where to Find Them

Launching a career in any industry can be difficult. The real estate industry is especially challenging. Finding a mentor can help a newcomer launch a successful real estate career and attain longevity. The founding team at Loft47 can attest to the need for quality guidance and mentorship. We have a combined 45 years of experience in real estate from every … Read More

Summer cleanup in Loft47

Summer is typically a slower time for Real Estate so why not take advantage of this time to clean up your deals in Loft47! YOUR CLEANUP STARTS HERE ‍ There are many menus here but let’s start with breaking down these by their function:   Top 6 menu items are required actions regarding financials Last 4 menu items are items regarding … Read More

What’s new in 2021?

Integrations are a big part of what we do well at Loft47 and much of our time has been spent improving and upgrading our core integrations of Xero, Dotloop, DocuSign Rooms, and Skyslope new API versions. Feature requests have been made and we listened! We’re pleased to report new functionality, features, and improvements that has happened over the last 6 … Read More

Introducing the QuickBooks Online Integration

We’re proud to announce the launch of our QuickBooks Online integration. This integration is a game changer for QuickBooks Online clients using spreadsheets or other commission tracking tools who need to manually key data into multiple systems. As a Real Estate accounting and commission management tool we believe strongly in leveraging best in class tools to scale up and automate … Read More

Driving Back Office Technology Changes in Brokerages

Brokerages have had to make huge changes in the past year, with little to no warning. While many industries are known for continual change, Real Estate Brokerages don’t typically make changes to their back office operations without a compelling reason. Most Brokerages make technology changes to replace legacy, non-integrated solutions that have aged out of their usefulness. Change in business … Read More