Bookkeeping for real estate agents and brokers
Commission income, brokerage deductions, and business expenses organized throughout the year.
Example tracker, shown in full below
Real Estate Agents and Brokers
Services available for agents and brokers
- Monthly bookkeeping and reconciliation
- Commissions recorded with the brokerage split
- Shareholder loan tracking for incorporated agents
- Business expense and receipt recording
- Sales tax tracking and filing
Industry knowledge
Bookkeeping considerations for agents and brokers
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Commission timing.
Track commission income and payments consistently so you can compare results across busy and quieter months.
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Brokerage splits and fees.
Reconcile commission statements with deposits, recording brokerage deductions separately.
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Incorporated agents.
Track money moving between you and your corporation, including shareholder loan balances.
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Business expenses.
Organize receipts for marketing, staging, licensing, desk fees, and other business costs.
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Sales tax records.
Separate sales tax from commission income and reconcile amounts with your filing records.
Example report
Commission tracker
Compare gross commissions, brokerage splits, and transaction fees by deal, with a running total for the year.
Commission after deductions, by month
Year to date
| Closed | Property | Sale price | Gross 2.5% | Brokerage 20% | Fee | After deductions | Year to date |
|---|---|---|---|---|---|---|---|
| Feb 14 | Condo | 485,000 | 12,125.00 | (2,425.00) | (350.00) | 9,350.00 | 9,350.00 |
| Mar 22 | Detached | 720,000 | 18,000.00 | (3,600.00) | (350.00) | 14,050.00 | 23,400.00 |
| Apr 30 | Townhouse | 560,000 | 14,000.00 | (2,800.00) | (350.00) | 10,850.00 | 34,250.00 |
| Jun 18 | Condo | 399,000 | 9,975.00 | (1,995.00) | (350.00) | 7,630.00 | 41,880.00 |
| Aug 29 | Detached | 865,000 | 21,625.00 | (4,325.00) | (350.00) | 16,950.00 | 58,830.00 |
| Sep 24 | Duplex | 640,000 | 16,000.00 | (3,200.00) | (350.00) | 12,450.00 | 71,280.00 |
| 6 deals | 3,669,000 | 91,725.00 | (18,345.00) | (2,100.00) | 71,280.00 |
Example with illustrative figures. All amounts exclude sales tax. Commission rates, splits, and fees vary by agreement; totals exclude other business expenses and income tax.
Software
Software we work with
We use your brokerage commission statements to reconcile income and deductions.
Using something else? Let us know what you use.
Related industries
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