Commission Intake Wizard: How to Get Paid Fast!

Creating a Disbursement Authorization (DA) in Commission Wizard 

Step 1: Create loop in Dotloop (If loop has been created move to step 2) 

1. Access the Dotloop Platform via your lpt Connect homepage 

2. Once you are in, navigate to the right side near the top to “Add a loop”. 

3. Enter in the property details (Address or MLS#)  
4. Upload an image (optional) 
5. Click into the loop and you will have the option to add specifics on the transaction, client, and property details. Select transaction type and View Details.  

Step 2: Locate the Commission Wizard 

1. Log into the Connect Platform and click the “Add Transaction” tile. 

2. Scroll down to locate the transaction. If the address is not listed select “Add New Transaction”. Enter in the property address and select the correct transaction from Dotloop. 
3. Click the orange “Intake Wizard” Icon in the top right corner.  

Step 3: Access the Transaction Details 

1. Locate the Transaction Details for the property in question. Verify that you have selected the correct transaction by checking the property address and owner name. 

2. Go to Property Details in the sidebar. 
3. Confirm the Property Information (address, city, state, and zip code). 
4. Click Next Step to proceed. 
5. Select Transaction Details from the menu. 
6. Fill in the Transaction Type (e.g., Residential Buy Side) and Closing Date. 
7. Enter the Contract Execution Date and MLS Number. 
8. Choose your preferred payment method if not paid at the closing table: (Single check states please note check (mail) is the slowest method and may cause payment delay) 
   1. ACH - $10 fee; funds received next business day. 
   2. Wire - $30 fee; one-time approval required. 
   3. Check (Mail) - Delivery by mail, slowest method. 
   4. Check (Pickup) - Pickup and direct deposit to LPT Realty’s account. 
9. Click Next Step to save and proceed. 
10. Navigate to Sales Information. 
11. Input the List Price and Sales Price of the property. 
12. Set the Commission Type (percentage or flat fee). 
13. Confirm if there are Additional Fees 
    1. The Additional Fees section is where all additional that need to be credited to your commission will be listed. Examples: 
       1. Transaction Fee: A fee charged to the client.  
       2. MLS Fee: A recurring fee for access to the Multiple Listing Service (MLS). 
       3. Bonus: An additional incentive offered in addition to the commission. For example, a builder’s bonus to an agent. A bonus could be a flat dollar amount or an additional percentage of the sales price.   
14. To add a fee, select the fee type and amount, then click Submit. 
15. No additional fees? Select the checkbox to confirm there are no other fees being collected. 
16. Click Next Step to move forward. 
17. Go to Clients on the menu. 
18. Add or manage any Client Information as required. If there are no clients listed, click Add New Client to enter their details. 
19. Confirm the information and click Next Step. 
20. Click on Parties. 
21. Verify the Parties Involved  
    1. Examples: 
       1. Co-Agent: If you are splitting the transaction with another agent, such as in a co-listing or co-buying scenario. 
       2. Referral Agent/Broker: If the lead was referred by another agent or brokerage, noting any agreed-upon referral fee. 
       3. Brokerage: LPT Realty should be listed as a party on each transaction.  
       4. Title Company: A title company should always be listed as a party 
22. For any new parties, use the Add New Party button and fill in their contact details. 
23. After confirming all parties, proceed with Next Step.  

Step 4: Commission Section: 

Fees Due 

1. The Fees Due section is where all fees that need to be debited from your commission will be listed. In the Fees Due section, indicate if there are any fees owed to opposing brokerages (e.g., MLS fees).  

2. Toggle the Yes/No switch based on whether fees are applicable.  Examples: 
   1. Transaction Fee: A $195 fee charged by the LPT Realty on each completed transaction. 
   2. MLS Fee: A recurring fee for access to the Multiple Listing Service (MLS). 
   3. Bonus: An additional incentive offered to the Co-Agent. 
3. Click Next Step. 

Credits 

1. Under Credits, specify any credits owed to the buyer/seller from your commission. 

2. No, credits applicable. Select box “I confirm there are no other credits due”. 
3. Yes, credits applicable. Select “Add Credit” and select Client (ensure Client is listed) and select the Credit Type.  
4. Confirm there are no other credits if applicable. 
5. Click Next Step to save. 

Referral Source 

1. In the Referral Source section, indicate if any commission is owed to a referral source. 

2. No, commission owed to a referral source applicable. Select box “I confirm there are no other commission owed”. 
3. Yes, commission owed to a referral source. Select “Add Referral Source”, select the Party (ensure the party is listed), select the type, and click Submit.  
4. Next pop-up, select percentage or flat fee, enter the referral amount, and click save. The option to include or exclude fees is based on the referral agreement.  
5. Click Next Step.  

Step 5: Primary Commission Setup 

1. Proceed to the Agents section. 

2. If applicable, add your Primary Commission by clicking Add Primary. 
3. Address the Transaction Fee Requirement by ensuring the required transaction fee (e.g., $195.00) is met. 
4. Review the Commission Splits: 
   1. Transaction Fee (Not included in split) 
   2. Gross Commission 
   3. Fee Adjustments 
   4. Commission For Splits 

Please note that your comp plan fees to LPT Realty will not be included in your “Gross Commission” calculation.  

Step 6: Submission 

1. Review all sections for accuracy. 

2. Submit File for Review (contract compliance will review all documents submitted) by clicking the green button at the bottom. 
3. Confirm that the Transaction Fee Not Met warning is resolved if applicable. 
4. Once reviewed and approved, your DA will be finalized, and funds disbursed as per your selection.  

Step 7: Requesting Changes 

1. To request changes to the commissions after the intake form has been submitted or processed, simply click the "Request Change" button and enter your desired updates in the input box provided