In the fast-paced world of real estate, efficient office management is crucial for success. Real estate agents need comprehensive tools that streamline transactions, simplify bookkeeping, and provide reliable support. In this article, we will explore how Loft47, a cutting-edge software solution, has revolutionized real estate office management. We will delve into its key features, the benefits it offers, and why … Read More
What is Real Estate Trust Accounting? And why you need to care.
Real Estate Trust Accounting Whether you’re a real estate agent, broker, or investor, understanding the intricacies of real estate trust accounting is crucial for managing transactions, protecting funds, and ensuring compliance. In this comprehensive guide, we will explore the key aspects of real estate trust accounting, including the definition, benefits, management, and types of trust accounts. We will also … Read More
RE/MAX Success and Loft47: The Power of Commission Management in Real Estate Accounting
Commission management is a critical aspect of real estate accounting that can greatly impact the success and profitability of a brokerage. Efficiently managing commissions is essential for ensuring accurate and timely payments to agents, maintaining financial transparency, and maximizing overall profitability. In this article, we will explore the importance of commission management in real estate accounting and how Loft47, a … Read More
What is Real Estate Accounting: A Comprehensive Guide for Brokerages
What is Real Estate Accounting? If you’re involved in the real estate industry, you know that managing finances and accounting is a crucial aspect of running a successful brokerage. Real estate accounting involves keeping track of transactions, commissions, expenses, and revenue related to buying, selling, and leasing properties. In this comprehensive guide, we will explore the intricacies of … Read More
Loft47 meets Dobi Real Estate: A Success Story in Commission Management – Streamlining Operations and Maximizing Efficiency
In the fast-paced and competitive world of real estate, Brokerages need reliable and efficient commission management systems to stay ahead of the game. With its comprehensive suite of features and user-friendly interface, Loft47 is revolutionizing commission management for real estate brokerages. We sat down with Jasmine Goryoka to talk about their experience working with Loft47. Client Testimonial: Dobi Real … Read More
What is commission managment?
Image Source: FreeImages Commission management plays a crucial role in the business world, as it involves the process of organizing, calculating, and paying out commissions to sales representatives based on implemented incentive and commission plans. Managing commissions accurately is essential to ensure that sales reps are properly compensated for their hard work and to maintain a motivated and productive sales … Read More
Should I Start My Own Real Estate Brokerage?
Starting your own real estate brokerage can be an exciting and rewarding venture for experienced real estate agents. It offers the opportunity to increase your profit potential, explore new business ideas, and have the flexibility of running your own operations. However, before embarking on this journey, it is essential to assess your readiness and understand the steps involved in starting … Read More
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