Reduced Commission Approval

Reduced Commission Approval


Reduced Commission Approval is required on ANY broker participating commission reductions immediately upon notification of the possible reduction.

  1. To request a commission reduction the Manager must complete the online JotForm by going to REsource Center > Drysdale Hub > Staff & Internal Jotforms > Reduced Commission Request or by going directly to https://app.jotform.com/222766008207150/202255269266155
  2. Manger to complete ALL info and click submit
    1. Office, Business Consultant/Manager Name & Email, Agent Full Name & Email, Full Property Address, Represented, Acknowledgement of Brokers Customary Commission Signed? Yes or No (If No, it needs to be), Property in Contract? Yes or No, Property in Contract? Yes or No, Listing Date & Price, Acceptance Date & Sale Price, Initial GCI %, BHHSDP Initial Listing Commission %, BHHS Listing Commission Reduced to, Initial Buyer Side Commission, Purchase Commission Reduced to, Reason for Request
  3. The form then goes to the Commission Department for completion of the company impact
    1. Commissions will provide what agent’s current split is, how many reduction requests have been made, YTD GCI $, YTD Company $, Agent’s A/R balance, Company’s $ Impact
  4. Next the form goes to Gretchen to Approve or Deny
  5. Gretchen may reach out to the Manager for justification
  6. If approved Manager to upload the emailed PDF to the SkySlope checklist under “Reduced Commission Agreement” and mark as accepted.
    1. NOTE: Manager is the only person to upload and approve this agreement, no exceptions!
  7. An Acknowledgement of Broker’s Customary Commission & Commission Reduction Policy is REQUIRED for all RCAs – ABCC must be uploaded to SkySlope checklist and approved by Manager
  8. If no RCA is in the file Commissions is to assume the Agent WILL be paying the difference and will draft the demand accordingly.

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