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Sign into your accountHow Do I Control Bad Debts?
May 12 2016
As a broker, you provide a service for your agents and you deserve to get paid for it!
Part of running a real estate brokerage is paying expenses for your agents so they can go out and earn commission income. This can be everything from advertising expenses to franchise fees to something as small as photocopies. And everything that you pay on behalf of the agents or supply to them costs you money.
To ensure that you are covered for the funds you are laying out, you can review brokerWOLF's Agent Expenses Uncovered report on a weekly basis.
With this report in your hand, you will not only know what your agents owe you, but also what future commissions they have coming in that can cover what they owe. Remember, an agent who owes you $2,000 but has $10,000 in closings is not your bad debt problem; the agent who owes you $500 with no closings is!