# How does a flip commission work across two closes?

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.)

Read online: https://docs.closemagnet.com/articles/questions/flip-commission-two-closes