In the world of real estate, every dollar counts. But too many brokerages are still losing thousands because of simple commission mistakes. These aren’t just small errors, they can create serious financial headaches, upset your agents, and even hurt your reputation. Let’s break down the most common commission mistakes and how a software like Loft47 helps you avoid them completely. … Read More
The Role of Real Estate Software in Scaling a Modern Brokerage
Running a successful real estate brokerage is about more than just closing deals. It’s also about creating systems that work and can grow with your business. As teams expand and transactions multiply, managing paperwork, people, and payments becomes harder without the right tools. That’s where real estate software comes in. Today, brokers know that the future of real estate lies … Read More
How to Streamline Agent Payments While Staying Fully Compliant in the United States
How to Streamline Agent Payments While Staying Fully Compliant in the United States In today’s fast-paced business environment, the efficiency of payment processes plays a crucial role in maintaining healthy cash flow and ensuring customer satisfaction. For businesses that rely on agents, streamlining payments while adhering to compliance regulations is particularly important. This article delves into effective strategies for optimizing … 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
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