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
The new Constellation1 Commissions modernizes the way brokers run back office operations, streamlining commissions management and giving brokerages complete control of their back office tech stack.
NEWPORT BEACH, CALIF. (SEPTEMBER 09, 2021) -- Constellation1, a leading provider of real estate technology and data services for brokerages, franchises, and MLSs across North America, has announced the highly anticipated release of the all-new Constellation1 Commissions, a cutting-edge real estate commissions back office management solution.
The new Constellation1 Commissions modernizes the way brokers run back office operations by combining an intuitive user interface and user experience that brings to life stress-free, streamlined commissions management at the brokerage and agent's fingertips.
The web-based solution offers brokerages an end-to-end solution, integrations with leading transaction management systems, such as Dotloop and SkySlope, and a best-in-class two-way sync integration with QuickBooks® for easy and automated general ledger entries. There are several real estate franchise integrations as well, which the brokerage may control.
"In the past brokerages had to conform their business model to the back office products in the market. Today, with the new Constellation1 Commissions, that has all changed," stated Andy Bencosme, Broker/Co-Owner of Century 21 Village Realty and a Constellation1 Commissions customer. "The product enhances what a brokerage wants to do. For us, that was to reduce the reliance and costs of physical infrastructure, serve agents remotely, streamline operations and do so in a way that works for us and our agents. The Constellation1 team hit all the right buttons and took swift action on the product feedback we provided. The overall experience has been tremendous."
The solution features the most flexible commission reporting capabilities in the industry, with helpful, straightforward wizards for creating customized commissions plans and adding transactions. User feedback has consistently reported the solution is easy to learn, enabling staff to be onboarded quickly while significantly reducing the headaches often associated with the learning curve for most back office software. Users also praise the ability to effectively communicate with agents on commission payouts, sales forecasting, and coaching.
"We're proud to launch this cutting-edge product as it's a game changer for how brokerages run their back office tech stack," said Andrew Binkley, President of Constellation1. "Our expert team of 130+ employees, many with over 20 years of experience serving the back office needs of real estate brokerages, has diligently worked toward the release of the new Constellation1 Commissions."
The new Constellation1 Commissions solution reinforces Constellation1's ongoing commitment to investing in the right technology, research, development, and software solutions for real estate brokerages, franchises, and MLSs. Constellation1 Commissions is the new way for real estate brokerages to run back office operations.
About Constellation1
Constellation1 provides front office, back office and data services to real estate brokerages, franchises, and MLSs across North America. Constellation1 is your source for real estate technology. Constellation1 is a division of Constellation Web Solutions Inc. and its subsidiaries and is part of Constellation Real Estate Group. For more information, visit constellation1.com.
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