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LeadingRE Adds CB4C to Solutions Group Program
CB4C provides cash flow solutions. CHICAGO – (May 8, 2023) – Leading Real Estate Companies of the World® welcomes CB4C to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. CB4C is a next generation cash flow solutions company, using proprietary technology that creates an excellent agent experience in less than 15 minutes. CB4C deploys the premium underwriting and verification process by partnering with Pentagon-Level verification partners, such as Plaid and Intelli-Check. CB4C's technology seamlessly merges with their dedicated and fully integrated customer care center for a streamlined approach to cash flow solutions. Agents can apply in minutes and, once approved, receive funds the same day. "We are excited to partner with CB4C for our Solutions Group Program. CB4C is founded by industry veterans who know what agents need. Their commitment to empowering agents with financial flexibility is a testament to their dedication to the real estate industry," said LeadingRE Vice President, Sales/Partnerships Jeff Kennedy. "As a former brokerage member of LeadingRE, we are honored to once again be associated with the absolute best collection of independent brokerages around the globe. We look forward to rekindling relationships and delivering our best of breed cash flow solutions exclusively to our LeadingRE brokerage partners and their agents," explained Brad Miller, President of CB4C Learn more about CB4C at cb4cre.com. Learn more about Leading Real Estate Companies of the World® at LeadingRE.com. About CB4C CB4C offers cash flow solutions exclusively to brokerage partners and their agents nationwide. CB4C is founded by real-estate professionals with decades of industry experience and a proven track record of deploying superior services to agents and introducing new revenue opportunities to brokers. Above all, CB4C is committed to the success of agents and their businesses by advancing them with the capital they need when they need it. About Leading Real Estate Companies of the World® Chicago-based Leading Real Estate Companies of the World® (LeadingRE.com) is a global network of top independent real estate firms, with 550 companies and 138,000 sales associates in 75 countries. LeadingRE supports its members with powerful connections to other market leaders and access to innovative, performance-driven programs. LeadingRE is also active in commercial real estate, with over 200 firms in 20 countries specializing in the commercial arena.
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CORE BackOffice Launches eCommission Payment Gateway Giving Agents Instant Access to Commissions
Inside Real Estate brings the industry's first real-time commission transfer service to their CORE BackOffice customers MURRAY, UTAH (APRIL 07, 2022) -- Inside Real Estate, one of the fastest-growing independently owned real estate software companies and a trusted technology partner to over 250,000 top agents, teams, and brokerages, has announced the launch of eCommission Payment Gateway to CORE BackOffice (formerly Brokersumo), a leading real estate brokerage commission management and accounting solution. The new eCommission integration will enable real-time transfers of commissions to agents. CORE BackOffice provides brokers the most modern and streamlined solution to manage agent onboarding and billing, commission tracking and disbursements, as well as reporting and accounting and runs seamlessly with Inside Real Estate's flagship platform, kvCORE. eCommission Payment Gateway enhances the ACH transfer capabilities by giving agents a choice for receiving their money either same-day, next day or two business days from closed transactions. "When it comes to brokers paying out commissions to their agents, speed matters," says Nick Macey, President of Inside Real Estate, the parent company of CORE BackOffice. "eCommission Payment Gateway gives our brokerage clients the ability to deposit agent commissions nearly instantaneously if desired. This keeps their agents happy in a way that is critical to today's brokerage staying on top of a competitive industry." The new Payment Gateway feature is seamlessly integrated within each CORE BackOffice account. Brokers connect their bank accounts and select a desired transfer speed for their company. If agents wish to upgrade, they have the option within their default settings to expedite commission payments on every closing or occasionally when faster delivery speeds are desired. eCommission has been the industry leader in commission processing for over 20 years. "Whether we are advancing commissions to agents on pending sales or integrating our Payment Gateway technology into accounting platforms to fund commissions on closed sales, we give agents total control of their cashflow throughout the lifecycle of a transaction," says James Ciccarello, eCommission President. "We are proud to partner with Inside Real Estate. They are bringing the most advanced solutions to the industry and we are excited to be part of that journey." In addition to Payment Gateway, eCommission has fully integrated its commission advance service within CORE BackOffice offering agents "one-click" access to advances on pending sales and active listings. About Inside Real Estate Inside Real Estate is a fast-growing, independently-owned real estate software firm that serves as a trusted technology partner to over 250,000 top brokerages, agents, and teams. Their flagship product, kvCORE Platform, is the most modern and comprehensive solution in the industry known for delivering profitable growth at every level of a brokerage organization. Built on a modern, scalable, and flexible architecture, kvCORE enables every brokerage to create its own unique technology ecosystem through custom branding, robust integrations, and high-quality add-on solutions. With an accomplished leadership team and its talented staff of 250 employees, Inside Real Estate brings the resources, scale, and vision to deliver ongoing innovation and success to their growing customer base. Visit insiderealestate.com to learn more. About eCommission eCommission is the leading provider of working capital and commission processing services to the real estate industry, funding over $2 billion to satisfied customers since 1999. Their payment technology has been uniquely developed for handling large-volume commission transfers quickly and securely. eCommission is a nationally endorsed alliance partner to the industry's largest real estate brands, independent brokerages, and technology companies. More information about eCommission can be found at www.eCommission.com or [email protected].
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Constellation1 Launches New Real Estate Commissions Management Solution
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reeazily Partners with MoxiWorks, Joining Their Extensive Open Platform Network
SEATTLE, September 18, 2018 – reeazily, a real estate back-office and accounting solution, has recently partnered with MoxiWorks, a fast-growing real estate technology company. reeazily joins over 40 other best-in-class brokerage solutions that live on the MoxiWorks open platform, known as the Moxi Cloud. reeazily is a cloud-based solution that makes transaction accounting and agent billing easy. Through its intuitive interface and strategic integrations, the technology eliminates duplicate entry and streamlines processing deals. "There was immediate synergy with MoxiWorks, as they are passionate about delivering quality solutions for brokerages. Connecting Moxi Cloud's innovative data platform to reeazily's automated workflow engine will provide mutual clients an efficient and modern back office," said co-founder, Casey Reagan. In 2005, reeazily developed a SaaS solution for real estate franchise membership management, billing, and reporting, which serviced a network of 160 offices. In 2016 they launched broker. EZ, a full brokerage back office solution built on the same platform. The brokerage back office solution, broker.EZ™, integrates with QuickBooks Online for accounting and DocuSign for transaction management, which are already integrated with the Moxi Cloud. "There are limited and outdated options for broker back office tools. MoxiWorks is excited to partner with reeazily, who understands the real estate industry needs and is committed to providing a great solution," said Kylah Searing, Director of Moxi Cloud Partnerships and Integrations. reeazily will integrate and leverage data from the Moxi Cloud, streamlining day-to-day processes. MoxiWorks plans on continuing to grow their open platform, adding more best-in-class technology solutions in the industry. With their 40+ partners, MoxiWorks also has their suite of tools they build in-house, including a CRM, interactive CMA tool, recruiting system, websites, intranet, and a series of marketing tools. About reeazilyCreated as a solution for RE/MAX Northern Illinois in 2005 to manage their franchisor operation, it supported a network of independent offices closing with as much as $380 million in commission. reeazily was spun off in 2018 to focus on delivering a better brokerage back office. reeazily is real estate workflow made EaZy. More information at reeazily.com. About MoxiWorksMoxiWorks is a comprehensive open platform system for large residential real estate brokerages that serves over 110,000 agents and 60 brokerages nationwide. MoxiWorks' integrated tools are centered on sphere methodology that drastically increases agents' repeat and referral business by 40%, while lowering overall technology, training, and support costs for the brokerage. Named one of the 10 Best Cloud Solution Providers of 2018 by Industry Era, the open platform known as the Moxi Cloud has tools from more than 40 partners that plug and play to create unique brokerage solutions. MoxiWorks also powers the LeadingRE Cloud. More information at moxiworks.com.
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planetRE Signs Multi-Year Partnership with ENGEL & VOLKERS California Franchisor
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Keep Your Business Resolutions with brokerWOLF
When I think about business planning I get a similar feeling to that of making New Year's resolutions... Just humor me for a moment. I think we can agree no goal is more deserving of your time and effort than a commitment to bettering yourself. But each year less than 10% of New Year's resolutions are actually kept! I'd be willing to guess that the percentage of real estate brokerages that stick to their business plan throughout the year is somewhat similar ;). So then, how do you set business goals you can actually stick to? Start with the numbers. Annual planning can be an emotional exercise for any independent business owner. It's important you don't let your wishes for the company overshadow real opportunities for growth and profit. brokerWOLF was made for this. Running a business with your gut has some merit, but sustained success requires objective tracking, reporting and analysis. That's where brokerWOLF comes in. Reports produced by the system can help you identify where your business can improve profitability, production and performance. This core set of planning reports will help get you started: Annual Income Statement [F.4.3] – use this report to identify fluctuations in your average income and expenses. The variances can help pinpoint the seasonality of your own brokerage. Breakeven Calculator [F.5.B] – this is more of a tool than a report, but just as critical to planning. Use the calculator to gain insight into what months you came up short of your targets, and discover whether recruiting or performance coaching could have changed the outcome. Commission Cutting Report [2.P.5.6] – this gives you a clear understanding of the commission each agent has left on the table throughout the year. You can use this to determine if there's an opportunity for performance coaching and create a program to help your agents negotiate higher fees. Further, you can look for trends by month to see if there are connections between market conditions and commission rates. Agent Performance Summary [8.F.P] – this report shows the overall health of your salesforce. You can see how your agents performed against minimum expectations and determine where change is needed to improve averages. brokerWOLF literally provides hundreds of these types of reports that can enhance the process of planning and forecasting for your business. These reports will help you focus your efforts on reasonable goals for your brokerage, so your resolutions don't go by the wayside next year. To view the original post, visit the Lone Wolf blog.
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MMSI Posts Record Sales Quarter for Membership Director
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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.
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Brokersumo's Latest Product Update
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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.
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HouseLogic Helps Homeowners Get the Most from Filing their Taxes
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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.
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New REALTOR® Benefits Partner Allows Members to Save on Financial Management Software
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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.
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Does the End of the Year Have You Feeling Stressed?
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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/
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Top 5 Year-End Recommendations for brokerWOLF Users
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The Power of Reporting with brokerWOLF
  Last week, we published a product review of brokerWOLF from Lone Wolf. Because the program offers hundreds of reports, we could only talk about a few. Here's a list of more helpful reports available in brokerWOLF:  There are plenty of options available to those looking for a standard accounting system. brokerWOLF was created because the operations of a Real Estate business are far from standard. One of the most amazing parts of the brokerWOLF back office solution is the power of the reports it produces. These reports can act as a snapshot into the overall operations of your Real Estate business as well as give you refined and detailed reports of certain segments. If you want both at once, brokerWOLF can do that too. While there are thousands of reports you can pull from the brokerWOLF back office accounting solution here are some of the more popular ones you won't get with a standard accounting system: F.4.3 - Annual Income Statement: This report will give you a month by month breakdown of income and expenses for a past year and is great at helping you identify any trends in your expenses that may be alarming or require additional investigations. F.S - Cash Status Report: This report is designed to outline the cash position of the company after factoring in items which are in the bank account but are committed to be paid out to other sources, (ie. Accounts payable or commission payable etc.) 5.6.1 - Detailed Aging Report: This report is used by Accounting and Management, the A/P Aging report is a powerful tool to assist you in tracking the status of your company's invoices and payments.The A/P Aging report displays all invoices as of a date which is outstanding. This report also breaks down different time periods for outstanding invoices. 2.P.2 - Pending Transaction Report: The Pending Transaction report displays all transactions that have not yet been finalized in the system. In addition to sub-totaling activity for each month, this report displays expected commissions receivable and commissions to be paid out. 8.6.6 - Agent Expenses Uncovered: The uncovered expense report is designed to give a snapshot on any given day of each agent's outstanding expenses versus their pending closings for the next 30, 60, and over 60 days. The uncovered column displays all agents who have a balance owing which exceeds their pending closings. 2.P.5.6 - Commission Cutting Report: The Commission Cutting Report shows the commission percentages brought in by your agents, and indicates how much commission was lost by agent's cutting their commission rates. 8.F.2 - Agent Net Worth Report: This report will calculate an agents net worth to the office based upon the agents commission and the offices expenses. 2.L.2 - Leads Production Report: This report will display all company generated leads that have been assigned to an agent, as well as what their pending, closed and written deals are as of the specified date. 2.P.C.1 - Commissions With Other Brokers: The Contact Report displays all closed or closed & due to close transactions within a selected date range for selected other brokers. This report captures all transaction activity other brokers which do business with your office and can be narrowed to display one specific other broker and even sub-totaled by agent. 2.P.5.3 - Source of Business Report: The Sources of Business Summary analyzes the source of business information entered on the People screen for buyers and sellers on each transaction. This includes gross commission value from deals which can be attributed to the different sources of business. This report is a great tool for communicating where to put your marketing efforts. Aren't they great? This is just a very small snapshot of what brokerWOLF can do for your Real Estate business. We pride ourselves in creating and refining great products that continue to evolve with the industry so we are always providing the most value to our clients. What's your favorite brokerWOLF report? Leave your comments below! To view the original post, visit the Lone Wolf blog.
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