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Brokermint

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Are you moving at the speed of the market? Or are you held back by bottlenecks, manual processes, duplicate data entry, and mistakes?

It’s time to accelerate your business. Today’s back office is automated. Today’s back office is Brokermint.

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Real estate runs on the back office. The back office runs on Brokermint.

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Transaction Management

  • Brokermint eSignature with forms
  • Checklists
  • Calendars and notifications
  • Offer management
  • Secure document storage
  • Compliance audit trail

Commission Automation

  • No more spreadsheets
  • Get commissions right every time–automatically
  • Use multiple commission plans
  • Include splits, fees, sliding scales
  • Supports teams
  • No manual data entry

Accounting

  • Reimagined for real estate
  • Next-day ACH payments
  • Agent billing
  • General ledger
  • Transaction and agent ledgers
  • Integrates with QuickBooks

 

Agent Management

  • Agent onboarding
  • Agent goals and production
  • Store compliance documentation
  • Agent dashboard

 

Reporting and Analytics

  • Use our pre-built reports
  • Create your own custom reports
  • Agent and brokerage production
  • Lead source ROI

 

Integrations

  • Integrates with 50+ platforms
  • CRMs 
  • MLSs 
  • QuickBooks
  • Realogy Dash
  • Open API

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Related Articles

The Top 3 Back-end Integrations for Teams and Brokers
We recently highlighted software integrations that can save real estate agents time and money. While there is some overlap, brokerages and real estate teams have different needs, especially when it comes to handling back-end issues like commission structures and accounting. Which integrations are most useful for brokerages and teams, and how can they help streamline your business operations? Let's explore. What Can Back-end Integrations Do for You? As we stated previously, the transaction is the core of any real estate business, so using your transaction management platform as the hub of your integration efforts is an efficient strategy. Before we dive into specific apps, let's look at what integrating your transaction management and back-end solutions can do for your business: Automate commission disbursement upon close of transactions Simplify year-end accounting, including generation of 1099s Allow agents to "subscribe" to a personal data feed that simplifies their own accounting Keep agents aware of issues like missing items, payouts, or deposits Simplify compliance and the document review process Track profit and loss per transaction Give agents access to their performance and payment history And more! The Top 3 Back-end Integrations for Brokers and Teams Now, let's explore specific back office apps and what they're capable of when integrated with your transaction management system. To help us illustrate these examples, we'll use dotloop as our sample transaction management platform, because it offers over 75 integration partners and is one of the best-integrated technologies in the industry. According to dotloop, the most popular back-end integrations for brokerages and teams are the following: MoxiWorks MoxiWorks offers a suite of tools for real estate professionals to do everything from managing clients to handling accounting. MoxiWorks' client engagement platform, MoxiEngage, integrates with dotloop to automatically include the transaction within the lead-to-close sales flow. Agents can create a dotloop transaction (known as a "loop") within MoxiEngage, submit documents for review, and see task checklists from the transaction embedded within MoxiWorks' broader sales flow checklist. MoxiBalance is the app that resulted from MoxiWorks' acquisition of accounting solution Reeazily in 2021. This integration automates commission payments upon a transaction's close and lets users manage escrow deposits. Transaction data can also sync to MoxiBalance to give brokers insight into agent performance. Loft47 Loft47 is a commission management app that can import all parties, financial information and documents from a dotloop transaction. This allows commissions and splits to be automatically paid out upon close, and at year end, enables 1099s to be generated with ease. In the midst of a transaction, the Loft47 integration keeps agents and brokers aware of issues like overdue items or transactions with lingering deposits requiring payouts, thanks to synced documentation and checklists. QuickBooks QuickBooks is a heavyweight accounting app leveraged across industries of all kinds. Within real estate, the QuickBooks-dotloop integration allows for standard automations like commission disbursements, earnest money management and 1099 creation. The integration also lets brokers track expenses that aren't typically included in a transaction management app, giving brokers insight into their profit and loss per transaction and per agent. See what other back-end integrations are available to brokerages and teams here. To learn more about dotloop, visit
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Don't Forget These Real Estate Tax Deductions
We are about month away before our taxes are due. We hope that you've already submitted your taxes, but if not, we have a few real estate tax deductions to consider. These are expenses that you have that you might not realize are deductible. As always, be sure to consult a professional to maximize your tax return. Here are real estate tax deductions you should not forget: 1. Conferences If you are going to attend a real estate conference, you can add "deductible tax expense" to the list of benefits you get from attending one, such as networking, out of state referrals, and the education. 2. Your Camera If you have made video marketing part of your real estate business, that fancy camera you purchased is also a business expense! 3. Dry Cleaning Meeting people in person means you need to look your best! At the bare minimum, you should wear clean clothes. 4. Car Washes Clean clothes should be complemented by a clean car. Whether you are driving your client, or letting them follow you, you should always have a clean vehicle. 5. Your Tablet Tablets are worth considering as a replacement for a laptop, especially when you are always on the go. If you purchased one last year, we hope you kept the receipt! 6. Office Supplies Most small items that you use to ensure your office is fully stocked are considered a business expense. This includes paper, folders, pens, stationery, printer ink, and even snacks you keep around to offer to your clients! 7. Parking Fees If you've ever had to pay for parking while on the clock, this is a business expense. 8. Coaching Any sort of coaching you do—whether it be online, over the phone, or in person—is an investment into improving your business and is also deductible. 9. Online Ad Spend This refers to any money you spend on ads specifically. You should be keeping track of your online marketing spend anyway. You can use this business plan to help you keep track for next year. 10. Software Subscriptions If you subscribe to software, you should definitely claim that on your tax return! There are plenty more possible tax deductions that you may not be aware of. Zurple has created a checklist for you to print out when you review last year's expenses. Download it here for free. To view the original article, visit the Zurple
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Tax Tips Every Real Estate Agent Should Know
As an agent or broker, you are often required to spend money in order to make it. Before you can collect commission on a home, there are a variety of tasks you must complete, such as marketing the property, promoting yourself to attract clients, handling your business operations, and much more. The costs of these business necessities can add up quickly. So being aware of some tax tips for real estate agents can save you a significant amount of money every year. Tax Deductions to Be Aware of Of all the tax tips for real estate agents, being aware of the allowable deductions available to you, and taking full advantage of them, is the best tip you can take. Even minor costs that aren't critical to your business, but are related to it, can be deducted. Listed below are some of the most common agent and broker deductions: Marketing expenses – Included in these expenses would be open house flyers, website development and maintenance, business cards, and any other promotional materials for yourself and homes you are representing. Coaching, training, and educational course costs Licencing and renewal fees Business operations fees – Included in these fees would be real estate association dues, MLS dues, and brokerage desk fees. A smartphone or computer can also be deducted if you use it for any business related tasks. Transportation – Any and all transportation costs associated with your business can be deducted. This would include gas, auto repairs, insurance, parking, airfare, and any lodging needed for business related purposes. Home office expenses – A portion of many home expenses can be deduced based on square footage of the office compared to your home. Expenses such as a percentage of your mortgage, utilities, repairs needed, and insurance are all eligible for deductions. Gifts – Gifts given to help procure clients, solicit referrals, or maintain a relationship with them in any way can be deducted. Although be cautious with this, because only $25 per client, per year, can be deducted. It is important that you document all your business expenses so you can accurately deduct them on your tax forms. Since you are more than likely considered self-employed and required to fill out a 1099 at the end of the year, carefully tracking your business expenses is vital in order to obtain the most deductions. This allows you to keep as much of your income as possible every year. Remember that only real estate business expenses are eligible for deductions. For a general rule, all expenses deducted must be ordinary, necessary, directly related to your business, and for a reasonable amount. To ensure you are following this rule, carefully consult IRS Publications 463 and 535 or a real estate tax specialist for more specifics. If You Can't Organize Your Taxes Before the Deadline, File for an Extension You have a ton on your plate every year, and ensuring your business taxes are in order can take quite a bit of time. So if you find yourself falling a little behind on making sure your taxes are in tip top shape, no need to stress. You can file for an extension, allowing you to file your taxes six months in the future. An extension doesn't allow you to pay your taxes at a later date, though. You still must pay your best estimate of what you would owe. Then at the end of six months when you have everything in order, you can account for any adjustments. Consult a Professional Keeping all the ins and outs of your real estate business taxes straight can be very difficult, especially if you are a new agent or if taxes just really aren't your thing. Regardless of how comfortable you are with filing your business taxes, though, it is still important to consult a professional. One mistake could be very costly for you and your business. A real estate tax specialist will help you avoid this predicament, and ensure that everything is in order. They will walk you through every tax tip for real estate agents, and even help you get your fillings straight. So consulting one is definitely in the best interests of you and your business. To view the original article, visit the Transactly
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