For assistance on filling out our Commission Worksheet, please refer to the following articles:
Worksheet Step 1 - Gross Commissions
Worksheet Step 2a - Referral Fees & Related Expenses
Worksheet Step 2b - Franchise, Marketing & Related Fees
Worksheet Step 3 - Award Allocation
Worksheet Step 4 - Agent Commission Breakdown
Worksheet Step 5 - Office Commission Summary
The following items must be entered for the purpose of your end of month franchise returns:
- Step 1: Enter Gross Commission (inc or exc) GST
- Step 2a: Enter any Referral fees as applicable
- Step 3: Enter commission percentage (aka Award) allocations (The figures sent to head office for your agents are based on these allocations times Gross Comm Ex GST less Referral fees)
The figures that are sent to LJ Hooker Head Office are the Agent Commissions - so that's the gross commission, less referral fees and related expenses x the commission percentage.