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
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
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
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
Loft47’s Development Roadmap
2020 is squarely in the rear view mirror and we have been itching to share our plans for 2021 and beyond. As a financial and accounting tool, Loft47 is more than just commission payout software and we’re doubling down on our financial focus. Integrations are a big part of what we do well at Loft47 and much of our time … Read More