Chapter 18 - Processing a Closing/Creating a Commission Check
Deduction Calculation Screen (Verify Agent(s) Check)
Verify commission and default check data for each agent (Note: If more than one agent involved, must highlight and verify each agent’s data separately)
Verify default deductions for each agent
Select/enter applicable non-default agent deductions for each agent
Verify deduction check data; can manually adjust $ amounts if necessary (ensure net check amount updates when adjusting deduction amounts; click mouse in "Agent's Net Check Amount" to update amount)
Verify Agent 1099 data
Verify Close Date; change if necessary
Place check mark in the Verify block once verification complete
If applicable, apply payment to an agent invoice by selecting Agent Receivables button; verify amount deducted upon return to screen
Click "Create Checks" button, select Yes
Verify check # of mini check; Click OK to generate agent(s) check; System will post 1099 amount to agent(s) 1099 record and check amount in Net Commission block in Agent Tab of property record and, if activated, will proceed to the Additional Check Creation screen
Sample Commission Deduction Calculations Screen
