Real Estate Agents Eligible for PPP Loans Until March 31
ROSWELL, Ga., March 11, 2021 -- MooveGuru, the real estate industry's most extensive moving concierge service, today announced that they have partnered with Blueacorn to give independent contractors the ability to apply for the federal Paycheck Protection Program loan program through Capital Plus Financial. The second wave of federal loan funding to small businesses includes $250 billion earmarked to small businesses. As of right now, about $128 billion of that money is still available. Last week, the federal government extended the benefit to independent contractors including real estate agents. This program expires on March 31 unless there is an extension. Capital Plus Financial, a certified Community Development Financial Institution (CDFI), SBA PPP lender and subsidiary of Crossroads Systems, Inc., is collaborating with MooveGuru and Blueacorn to develop and launch an online website for real estate agents to easily apply for these loans. Paycheck Protection Program or PPP loans cover independent contractors in Real Estate, about 90% of the 1099 agents will qualify for the forgivable government PPP loan. The loan amount is likely to be around $5,000 on the low end and up to $20,833 on the high end, according to information provided by Capital Plus, Blueacorn, and MooveGuru. Approval rates are currently at 90%. The website to share with agents to apply for the loan is https://mooveguru.blueppp.com. To qualify, real estate agents may not have received a loan in the first round of PPP funding and received a commission check in February 2019 as an independent contractor. "When we investigated the new laws and realized that about 80% of the real estate agents in the U.S. could qualify for the PPP, we set out to find the right partner to help make the process easy for any real estate agent or mortgage loan officer to qualify within 15 minutes. Partnering with Blueacorn was the perfect match," says Scott Oakley, CEO of MooveGuru. "They already had an entire platform for real estate agents to qualify within minutes, and the average agent is getting $12,500 in forgivable PPP loans." About Blueacorn Blueacorn.co is a financial technology platform catering to overlooked small businesses such as the self-employed, independent contractors, and small businesses located within low-to-medium income (LMI) communities. Blueacorn.co has streamlined the origination and processing of Paycheck Protection Program loans - making it easier, faster, and simpler for the small business owner to apply, get funded, and start their loan forgiveness. About MooveGuru In 2016, Roswell, GA-based MooveGuru Inc. launched a free mover engagement program to real estate agents and brokers with the idea of connecting home buyers and sellers to convenience and savings on moving services. Using just-in-time delivery through artificial intelligence algorithms, MooveGuru Inc. ensures consumers receive agent-branded savings from national and local retailers, connects all utilities and makes the moving process more streamlined. Today, more than 1,100 brokerages, their agents, and clients are connected to the MooveGuru platform. About Crossroads Systems Crossroads Systems, Inc. is a holding company focused on investing in businesses that promote economic vitality and community development. Crossroads' subsidiary, Capital Plus Financial (CPF), is a certified Community Development Financial Institution (CDFI) and certified B- Corp, which supports Hispanic homeownership with a long-term, fixed-rate single-family mortgage product.

BrokerSumo's Simplified Commission Management Platform Helps Brokers and Teams Retain Top Agents
Teams and Small Brokers Manage Productivity and Pay SACRAMENTO, CA--(Aug. 1, 2017) - BrokerSumo, a leading back office, commission management and accounting platform for real estate brokerages and agent teams, is helping smaller brokers and real estate teams compete successfully for top producers by simplifying the management of commissions to make sure they are paid accurately and promptly. As real estate agents change firms faster than ever, keeping accurate and current commission data has required spreadsheets and manual calculations, and even the largest agencies with IT staff and full-time accounting support struggle to keep agents happy. Small, independent brokers and real estate teams have been at a competitive disadvantage for attracting and keeping top talent until the launch of BrokerSumo last October. BrokerSumo's integrated platform avoids double entry and minimizes errors from manually re-entering information. BrokerSumo integrates with like dot loop, SkySlope, and accounting software like QuickBooks, allowing brokers and agents who use these programs to sync their transaction data seamlessly. It even takes care of the details, like managing escrow accounts, paying commissions electronically and onboarding new agents. No longer do brokers and agents need to struggle with programs that don't work together, manually re-enter data, or pay for software they don't know how to us. Custom Commission Plans Track Productivity and Pay Agents By managing commissions selectively, small brokerages and teams using BrokerSumo can analyze the productivity of agents and brokers and motivate them individually. Productivity can vary greatly. Last year, for example, less than 20 percent of all Realtors produced more than $5 million in annual sales each while 28 percent of all Realtors delivered sales totaling $500,000 or less last year. BrokerSumo creates custom commission plans for every agent and automatically calculates the agent's commission split for each transaction It tracks all credits and debits, charging agents credit cards for their monthly fees directly from the system. In addition to tracking agent and office sales performance from transaction data, BrokerSumo can also track agents' personnel records and store all of their critical documents such as their real estate license, insurance card, and driver's license. Agent billing invoices and payments sync automatically every time an invoice is sent. "I can monitor agent productivity every day. BrokerSumo makes it so easy to get a snapshot of how people," says Paul Knighton, President and Managing Broker of MORE Realty in Portland, OR. A BrokerSumor customer since February, Knighton is impressed by the platform's simplicity. "It's like a plug-and-play applications." Tailored for Mezzanine and Independent Brokers No other tool is designed specifically to manage and compensate real estate professionals based on their models, which makes BrokerSumo a perfect answer for mezzanine and large independent brokers that want to save money on back office personnel costs. Luis Gonzalez, Employing Broker, and Principal Broker at Brokers' Guild in Colorado Springs, Colorado's premier independent real estate brokerage firm with more than 900 brokers and agents, found the "old school" alternative of manual bookkeeping and spreadsheets too expensive. "In the Denver market alone we are doing 300 closings a month. BrokerSumo is so simple to use and to navigate that we can track income, commissions, and expenses on a year to date basis and monitor the effectiveness of agents every day," said Gonzalez. BrokerSumo not only relieves the back-office burden for brokerages and teams, but it also shows them how to become more successful by tracking performance and profitability. It is a powerful, affordable and easy-to-use set of tools designed to give independent real estate brokerages and agent teams exactly what they need. "BrokerSumo saves users tens of thousands of dollars every year in time saved and accuracy, but it is paying off in other ways. It makes smaller, independent agencies more attractive to top-selling agents by providing them back-office support that is equal or superior to the largest brokerages. Equally important, it tracks agent performance with profitability to identify opportunities that maximize commissions and reward achievers," said Jeremy Shoenig, founder of BrokerSumo. About BrokerSumo BrokerSumo is a back office, commission management and accounting solution for real estate brokerages and agent teams. It enables brokers to manage their agent's information, track transactions and commission dollars, automatically calculate commission splits, create commission disbursements, bill agents for monthly fees, pay agents their commissions electronically, report on agent and office performance and sync financial data to QuickBooks.

NextHome, Inc. partners with BrokerSumo to bring commissions and accounting solution to its franchise network
Pleasanton, CA — May 17th, 2017 — National real estate franchisor, NextHome, Inc., announces new partnership with BrokerSumo, provider of the industry's leading back office, commission management and accounting platform. The companies join forces to provide NextHome franchisees a modern and affordable solution for automatically calculating commission splits, creating disbursements, paying agents and managing office accounting. "I have researched a variety of back office solutions for our real estate network. In the end, BrokerSumo's platform offers the perfect blend of efficiency, accuracy and ease of use," said Keith Robinson, Chief Strategy Officer of NextHome. "As you manage your brokerage, your back office solution should 'just work' and allow you to be a better leader for your agents. BrokerSumo does exactly that." The system allows brokers to manage their office with one application. In addition to adding transaction data to create commission disbursements, it allows users to pay agents via direct deposit and to track sales performance. BrokerSumo's platform syncs with QuickBooks, which enables brokers to easily bring commission data into sales invoices, receipts, or invoices. "We couldn't be more excited about our partnership with NextHome, the fastest growing real estate franchise in the country," said Jeremy Shoenig, founder of BrokerSumo. "Our system is the perfect fit for NextHome, offering their franchisees a back office solution for managing payments, billing, accounting and other pain points brokerages face today," added Shoenig. About BrokerSumo BrokerSumo is a back office, commission management and accounting solution designed for real estate brokerages and agent teams. The system is easy to use, yet powerful enough to manage the critical tasks of running a successful brokerage. About NextHome, Inc. NextHome, Inc. is an independently owned company with a focus on changing the way consumers work with local agents and shop for real estate. It owns the NextHome and Realty World Northern California & Northern Nevada franchise networks with over 300 offices and more than 1,700 agents. The company closes over 8,000 transactions annually worth over $3B in volume.

Move, Inc. aligns with Lone Wolf for a Seamless Lead-to-Commission System
  SANTA CLARA, Calif., Oct. 18, 2016 -- Move, Inc., a foremost provider of real estate information, tools and professional expertise and the operator of leading online real estate services destination realtor.com, has aligned with residential real estate software giant Lone Wolf Real Estate Technologies, Inc. to integrate Move's Reesio transaction management system with Lone Wolf's brokerage enterprise system. The combination further expands Move's professional software platform to provide the residential real estate industry with the most connected business management solution available today. The natural alignment of the two companies is founded upon a shared vision to empower real estate professionals, and their central role in guiding consumers through the real estate transaction process.  The integration between these products links two different, but complementary mission-critical tools to create a seamless data flow, eliminate duplicate data entry and increase transparency for all parties throughout the whole transaction process. Move's customers can already route leads from all sources to FiveStreetSM software for rapid response, flowing into Top Producer® CRM for cultivation, and into Reesio once the consumer forms an agreement with the agent. Now, when the deal is completed in Reesio, the complete transaction information can be synchronized to the broker's brokerWOLF back-end accounting system. Lone Wolf's software can then immediately trigger the financial outcomes of the transaction for all participants. "Connecting the components of productivity software is something that virtually all of today's service providers strive for, and our relationships and alignment with the industry have given us a head start in this arena," said Luke Glass, executive vice president of professional services for Move.  "What really excites us about this agreement is being able to connect our streamlined solutions with smart, complementary offerings from like-minded companies like Lone Wolf who share our commitment to delivering a truly delightful experience to real estate professionals, and ultimately enhancing the consumer's experience." "We are committed to our mission of delivering a connected real estate technology eco-system," says Patrick Arkeveld, CEO of Lone Wolf Real Estate Technologies. "Integrating Reesio and Move's suite of real estate software products complements our strategy of providing brokers an end-to-end technology solution that streamlines processes and ultimately increases visibility and profitability in their business." The agreement follows this spring's completion of Reesio's integration with Top Producer®, the nation's leading CRM, and zipLogix™ zipform®, the industry's most widely used real estate forms software solution, to connect customer relationship management, transaction management and transaction documents in the same platform.  A zipForm® account is required to access the integration with Reesio. About Move, Inc.Move, Inc., a subsidiary of News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV], provides unsurpassed real estate information, tools and professional expertise across a family of websites and mobile experiences for consumers and real estate professionals through all stages of the home journey. It has a perpetual license to operate realtor.com from the National Association of REALTORS®. The Move network includes realtor.com® as well as Doorsteps®, Moving.com™ and SeniorHousingNet?.  Realtor.com® pioneered the world of digital real estate 20 years ago, and today helps make all things home simple, efficient and enjoyable. Move also offers a complete solution of software products and services to help real estate professionals serve their clients and grow their business in a digital world, including ListHub™, the nation's leading listings syndicator and centralized intelligence platform for the real estate industry; TigerLead®; Top Producer® Systems; FiveStreet? and Reesio as well as many free services. For more information, visit realtor.com.

Keller Williams Enters Partnership with Hurdlr for Agent Finance Mobile App
AUSTIN, TEXAS August 9, 2016 — Keller Williams, the world's largest real estate franchise by agent count, has entered into a strategic partnership agreement with Hurdlr, a mobile app developer, to offer agents ProfitDash, a new mobile app that provides the industry's first holistic tracking of business finances and taxes specifically tailored for real estate agents' businesses. "Through our partnership with Hurdlr, we're helping our agents become better business people by enabling them to make more informed financial decisions on the go," said Chris Heller, CEO of Keller Williams. Modeled on Keller Williams' renowned Millionaire Real Estate Agent models and systems, the ProfitDash mobile finance app securely integrates an agent's business finances with exclusive access to Keller Williams' internal franchise data systems for rapid business income tracking and financial decision-making. With ProfitDash, KW agents can quickly analyze business expenses, mileage, tax deductions and quarterly estimates, gross commission income and future income potential via intuitive dashboards, leveraging the Keller Williams Listing System (KWLS) and the KW transmittal system's data integration. The Benefits and Features of ProfitDash: Commission pipeline visibility continuously synchronized with KW listing and transmittal data. Real-time push notifications for monthly KW Profit Share and commissions. Single Sign-on using KW login keeps agents in sync, with one less login to remember. Syncs to agent's credit or debit cards to provide seamless expense management. Automatic business mileage and expense tracking to fuel proactive tax deduction savings. Easily tag pics of receipts to keep business expenses organized. Real-time income tax estimates by federal, state, and self-employment, including quarterly and annual. Automatic reminders of payment due dates. Business finance, expense and tax data reports available for export. Security: All data is 256-bit SSL encrypted. Pricing: KW agents will have full use of app to track their first $1000 in tax deductions, which yields an average $200 post-tax savings for agents, and to use all other features ongoing. To track more than $1000 in deductions, agents can refer friends or upgrade to unlimited deduction tracking for $19.99 monthly or $199.99 annually. ProfitDash is available for use on the latest iPhone and Android devices. "To say Keller Williams has an entrepreneurial culture would be an understatement," said Raj Bhaskar, CEO, Hurdlr. "Keller Williams shares our passion for agent profitability, and for really helping all entrepreneurs succeed." "Ultimately we'll make ProfitDash available to all agents because it's important to KW and us that the whole industry thrives," said Bhaskar. "ProfitDash lets agents spend less time on their finances and taxes, and more time growing their business." High-resolution screenshots of the ProfitDash mobile app are available upon request. About Keller Williams Realty, Inc.Austin-Texas based Keller Williams Realty, Inc. is the largest real estate franchise by agent count in the world with more than 800 offices and 146,000 associates across the Americas, Europe, Africa and Asia. In 2015, Training Magazine named Keller Williams the No. 1 training organization across all industries in the world. Since 1983, Keller Williams has grown exponentially and continues to cultivate an agent-centric, education-based, technology-driven culture that rewards agents as stakeholders. The company also provides specialized agents in luxury homes, commercial and farm and ranch properties. For more information, visit kw.com. About Hurdlr, Inc.Washington, DC-based Hurdlr, Inc. is a rapidly growing startup whose mobile apps and API are currently consumed by thousands of entrepreneurs, business owners and self-employed freelancers to easily and quickly manage all of their business finances and taxes. The company's mobile apps help maximize profits and minimize taxes for a variety of entrepreneurs in the on demand and 1099 economies such as Uber drivers, Airbnb hosts, real estate agents, designers, developers and writers. Hurdlr's API allows businesses to tap into the power of the company's modern financial platform to create innovative, tailored solutions that proactively improve their employees' and contractors' financial performance. For more information, please visit hurdlr.com.

Deductr and REALTORS® Federal Credit Union Solidify Partnership to Help Members at Tax Time
Orem, UT - November 19, 2015 — Deductr and REALTORS® Federal Credit Union have created a partnership to help credit union members better navigate the tax landscape in their real estate businesses. No one wants to be the subject of a tax audit, but according to Philip Panitz a nationally known tax litigator with Panitz & Kossoff, the IRS is casting a very wide net against what they perceive as abuse in the area of real estate.* Deductr has developed a web and mobile application to help real estate agents and independent business owners automatically track and document every potential tax deduction during the year, providing detailed accurate records to back up each claim. According to Panitz, the "audit process" for small business owners can be excruciatingly painful, more so than large business owners. "It comes down to time and money" he says. Small business owners typically don't have the resources to spend a lot of time gathering information to comply with the IRS' numerous requests, and the common complaint is that an IRS audit takes the owner of the business away from their business without anybody to cover for them. The lack of productivity then creates a greater burden. Deductr was specifically designed to easily gather tax related information, in real time, throughout the year that might be needed to comply with IRS requests during an audit. It then provides printable or electronic reports that can be mailed or emailed to any tax professional. "We created Deductr to help small and independent business owners maximize their deductions and eliminate tax-time stress," says Tyler Thompson, VP of Business Development at Deductr. "Deductr does all the heavy lifting as far as tracking expenses and mileage, letting users focus on growing their business." "The Credit Union is proud of the value-added benefits it offers its members," says Victoria Gillespie, SVP and National Director of Business Development for REALTORS® Federal Credit Union. "We partnered with Deductr because, like the Credit Union, they understand the unique needs of REALTORS®, and we are pleased to offer our members promotional access to their software with a continuing discount." About REALTORS® Federal Credit Union, a Division of Northwest Federal Credit Union Originally founded in 2008 by the National Association of REALTORS®, REALTORS® Federal Credit Union was the first-ever virtual credit union. REALTORS® Federal Credit Union is a Division of Northwest Federal Credit Union. For more information, visit www.REALTORSFCU.org. About Deductr™ Founded in 2009 by two small business owners and a CPA, Deductr provides accurate, automatic expense, mileage, and time tracking for the small and independent business owner. Deductr helps thousands of business owners save thousands of dollars on their taxes every year. For more information, visit www.deductr.com *Informational Source: http://www.coloradorealtors.com/is-the-irs-targeting-real-estate-professionals-for-audits/