Frequently Asked Questions
Got questions?
We’ve got answers.
Does Loft47 integrate with transaction management systems?
Yes, Loft47 integrates transaction management to eliminate duplication of data entry. We offer integrations at no cost with Dotloop, DocuSign Rooms, SkySlope with Rechat and Trackxi coming soon.
What Accounting integrations are available?
Loft47 proudly integrates with Xero.com (Growing or Established versions) & QuickBooks Online (Plus or Advanced versions).
QBO connections incur an additional $15 USD fee to cover their API fees.
Does Loft47 offer direct deposits and payments?
Yes! Loft47 integrates with Zum Rails & Payload for low cost deposit requests and payouts. Loft47 now integrates with Liquid , a Real Estate Commissions Advance Company, Learn more
Does Loft47 automate postings into my accounting system?
Yes. Deal closings, deposits, commission income, agent payouts, trust/escrow funds, liabilities (if applicable), and deductions all sync directly to your ledger.
Can Loft47 help with trust/escrow compliance?
Yes. Deposits and trust disbursements follow compliant workflows, including required approvals and subledgers.
Can Loft47 automate agent stubs and tax documents?
Yes. Loft47 produces pay stubs to send to Agent. They can also download their pay statements and tax forms (T4/1099) from their portal.
How long does onboarding take?
Most brokerages are fully onboarding in 1-4 weeks, depending on complexity and data volume.
What data do you migrate?
We migrate agents, open transactions, caps, fee structures, deduction plans, and your chart of accounts.
Do you train our staff?
Yes. We train your admins, bookkeepers, brokers of record, and agents. Training is included in setup.
Will we have an onboarding specialist?
Yes. You’re assigned a dedicated onboarding specialist and support team.
How is Loft47 priced?
Pricing is based solely on the number of active agents at your brokerage—not admins, not offices, not users. Unlimited admin seats and unlimited office locations are included.
Do you require a long-term contract?
No. Loft47 operates month-to-month for maximum flexibility.
Are there setup or onboarding fees?
Yes, a one-time setup fee covers data migration, integration configuration, onboarding, and initial training.
Are all features included in the monthly subscription?
Yes. All core features—commission plans, deal management, reporting, agent portals, and transaction management integrations—are included. Optional service-model deal processing is an add-on.
Does adding more offices or regions increase the cost?
No. You can add unlimited offices and regions without changing your subscription.
What happens to pricing if my agent count changes?
Your monthly bill adjusts up or down based on the number of active agents.
What is Loft47?
Loft47 is a commission management and back-office automation platform built specifically for real estate brokerages. It handles complex commission plans, deposit tracking, compliance requirements, financial postings, agent payouts, and tax documentation.
How is Loft47 different from other back-office systems?
Loft47 is purpose-built for the financial side of brokerage operations—not a generic transaction system. It focuses on accounting accuracy, complex split automation, trust-compliant workflows, seamless integrations, and agent transparency. It’s also independent, meaning your data remains yours and the platform evolves solely for brokers’ needs.
Does Loft47 replace my transaction management system?
Not necessarily. Many of our clients use Loft47 as their transaction management & accounting platform taking advantage of our AI Contract ingestion tools. However, integrations with systems like Dotloop, Skyslope, Rechat, DocuSign Rooms, etc., are a great compliment, pulling in deal details while handling the financial and compliance side of the closing.
Is Loft47 suitable for small, mid-size, and large brokerages?
Yes. Loft47 scales from boutique firms to multi-office operations with teams, nested teams, and multiple commission structures.
Does Loft47 offer reporting for my franchise?
Loft47 provides franchise reporting for some brands; inquire directly for info on your franchise.
Can Loft47 calculate brokerage net income on each deal?
Yes. Loft47 automatically calculates gross commission, agent split, brokerage share, deductions, fees, and final net—all in real time. We distinquish between income and other deductions to project and track brokerage income.
Does Loft47 handle complex commission plans?
Yes. We support traditional splits, caps, rolling caps, progressive tiers, desk fees, transaction fees, and custom deductions.
Can Loft47 handle team structures and nested teams?
Yes. Teams, sub-teams, and revenue-share models are fully supported.
Does Loft47 track compliance documents?
Yes. Required documents can be reviewed, marked complete, and audited.
Will this help during a regulatory audit?
Absolutely. Loft47 centralizes financial records, document status, deposits, approvals, and ledgers—making audits significantly faster and cleaner.
Can Loft47 restrict payouts until compliance is met?
Yes. Broker approval is required before final payout when we provide services, and you can enforce checklist completion rules.
Does Loft47 offer deal processing services?
Yes. You can add full-service deal processing for a minimum monthly commitment and a low flat per-deal fee.
Will this replace my current staff?
Not necessarily. Our service model is ideal for supplementing your existing team, by allocating the audit, accounting and financial functions to experts. Reducing error rates, and providing expert overflow support—not replacing valued employees.
What tasks does the Loft47 service team complete?
Deal entry, compliance collection, financial review, required deposit requests, communication to stakeholders, and preparing files for broker approval and commission payouts.
Do my agents get their own portal?
Yes. They see deals, production, pay stubs, and tax documents. They can self serve earnings reports to cover any period on demand.
What support is included?
Email, chat, video tutorials, knowledge base, and optional enhanced support packages.
Is my data secure?
Yes. Loft47 uses enterprise-grade cloud security standards, audit logs, and role-based permissions. We back up all data and documentation hosted in production.
Who owns my data?
You do. Loft47 is an independent company—your brokerage retains 100% ownership of its financial and agent data.
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