Question 1

How does a tiered commission work?

Accepted Answer

A tiered commission applies different rates to different portions of the sale amount. For example, the first $10,000 might earn 5%, the next $10,000 earns 7%, and anything above earns 10%.

Question 2

What is a split commission?

Accepted Answer

A split commission divides the total commission between two or more salespeople. For example, if two people collaborate on a sale, each might receive 50% of the commission.

Question 3

Can I use this for real estate commissions?

Accepted Answer

Yes. Enter the sale price and commission rate (typically 5-6% split between buyer and seller agents). You can use the split feature to divide the commission.