How to Book a Personal Transaction

Booking a Personal Transaction (Royalty Only)

For more information about Personal Transactions, please visit the most recent Policy & Guidelines Manual section 4.9.1.243.

1. In Transactions, click Create Transaction and choose transaction type Sale.
2. Choose whether it's a Listing or a Buyer side. 
3. Enter the Property Address.
4. Enter the Buyer and Seller names.
5. Choose Residential for the property type.
6. Choose Resale for the classification.
7. Enter the Price.
8. Enter 1 for the units.
9. Enter a current period contract and close date.
10. Click Next to Commission Details.
11. Under Buyer Commissions enter the Total GCI showing on the closing statement.
12. Click Next to Agent Details.
13. Under Commission Income make sure Units is 1, enter 100 in the GCI Split Percentage field and the Total Commission in the commission field. Under Brokerage Fees enter the amount of Company Dollar and Royalty that is being paid from the total GCI.
14. Click Save Transaction.
15. On the Financials tab enter the check information in the Checks Received field and amount of the check received, and ensure it balances.
16. Click Close Transaction. Click Yes, Close. 
17. Create a deposit for this entry, and import into AccountEdge. 
18. Remember to submit this form, along with the Royalty History report and the transaction Closing Statement, in order to request a Royalty Adjustment.