Small and Midsized Brokers Power Recruiting with Core BackOffice
When recruiting top agents and teams, commission calculations constitutes one of the most difficult hurdles for small and midsized brokerage firms. America has about 85,000 brokerages and over 1.2 million Realtors and teams and, truth be told, there may be hundreds of thousands of different commission calculation programs.
Actually working out the commission program needed to recruit agents presents much less of a challenge than tracking these unique commission programs designed for each agent on something other than an Excel spreadsheet. Small and midsized firms need to support variety in their compensation plans in order to recruit.
No doubt, enterprise systems like Profit Power and brokerWOLF support any type of commission calculation imaginable for firms with hundreds of agents. But smaller firms require an affordable solution that integrates with QuickBooks. In 2016 and 2017, entrepreneur Jeremy Shoenig developed software for exactly this purpose, called BrokerSumo. In 2017, the company was acquired by one of America’s largest brokerage software companies, Inside Real Estate.
Since the acquisition, Inside Real Estate made a massive investment in expanding the features and functionality of BrokerSumo, and renamed the product Core BackOffice.
Today, Core BackOffice is recognized as one of the most flexible and easy to use broker back office commission management systems in America. Core BackOffice manages office financials and agent financials, processes agent monthly billings, and handles customized commission plans and closing net sheets. Core BackOffice even handles commission disbursement sheets and third-party direct deposit. QuickBooks does the rest. Even large teams are using Core BackOffice to run their financials.
Yes, there is more…
A key feature of the system is the seamless workflow for new agent and team onboarding. Transactions also sync with popular transaction management systems like dotloop, DocuSign, EZ Coordinator, and SkySlope.
When you grow sick of using spreadsheets in your business to do all of the things that QuickBooks fails to do for real estate companies, check out Core BackOffice. Its affordability and ease of use make it a premium product.By Paul Salley Filed in: Uncategorized
Tagged: , Real Estate, Real Estate Technology