Sales Commission System

EXAMPLE SCENARIO: Suppose a property sale in Cyprus with a 15% commission rate and there is a house priced at £100,000. The total commission is £15,000. How do we distribute the commission in Vestate?

OPERATING PRINCIPLE:

In a straightforward sale by an agent, the commission is divided among three parties:

  • A fixed 10% percentage is allocated to VESTATE. Therefore Vestate gets £1500.

  • The agent who directly facilitates the sale receives 50% of the commission, meaning £7500.

  • The remaining portion, %40 of the commission, is allocated to the broker overseeing the transaction. The broker gets £6000.

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