How does a flip commission work across two closes?
Download MarkdownA two-close flip commission pays on a configurable first-close basis (default $10,000) at the first close, with the plan and rate locked in at that point.
A two-close flip commission pays on a configurable first-close basis (default $10,000) at the first close, with the plan and rate locked in at that point.
At the second close it trues up: the total commission equals the actual deal profit multiplied by the final rate, minus the first-close commission already earned. A quarter tier difference is handled as a separate square-up. Because the ledger is append-only, the first close, second close, and square-up stay as distinct rows, badged First Close, Second Close, and True-Up, and duplicates or out-of-order events never duplicate earnings. If a second close looks wrong, confirm the first-close basis and the tier band in Plan Settings. (Example figures are operator examples. Not typical, representative, or guaranteed.)
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- When does a transaction coordination workfile get created?Automatically. One workfile is created per property, the moment the deal exists (and by the time it is under contract), so coordination never depends on someone remembering to spin one up. You never create it by hand.
- What date should I enter first on a workfile?The ratification date, on the workfile's Overview tab. The deadline engine uses it to compute most task due dates, so setting it correctly puts the whole schedule on the right timeline.
- Why are there two earnest-money deposits on a deal?Because a wholesale or double-close deal has two: the seller-side EMD you put up, and the buyer-side EMD your buyer puts up to you. Losing track of either is a common way deals fall apart.
- How do external emails to sellers and buyers get sent from a workfile?Never automatically. You trigger a one-click template, then a compose-before-send modal shows you the exact email with merge fields resolved, an editable subject and body, a fixed recipient, and a wire-fraud warning footer that is