Real Estate Commission Specialist & Transaction Auditor
Radius Agent
- Bangalore, Karnataka
- Permanent
- Full-time
- Utilize company-specific commission structures and formulas to accurately calculate commissions or incentives earned by sales representatives.
- Review ICAs Independent Contractor Agreements, to determine commission plans.
- Verify accuracy of calculations and resolve discrepancies as needed.
- Maintain comprehensive records of sales transactions, commissions, and incentives.
- Process commission-related paperwork, including commission agreements, adjustments, and disputes.
- Collaborate with sales managers or team leaders to ensure commission plans align with company goals and objectives.
- Serve as a primary point of contact for agents regarding commission inquiries and issues.
- Provide timely and accurate information to agents regarding commission calculations, policies, and procedures.
- Collaborate with other internal departments to address commission-related queries or concerns.
- Generate regular reports on commission payments, trends, and performance metrics.
- Ensure compliance with company policies, industry regulations, and legal requirements related to commission payments.
- Stay updated on changes in commission regulations and best practices, and make recommendations for process improvements as needed.
- Thoroughly review and audit real estate transaction files according to our company's established policies and procedures to ensure the file’s accuracy, completeness, and compliance with industry regulations.
- Proficiency in auditing transaction files in multiple states including some of the following: CA, FL, TX, GA, CO, WA, & OR.
- Verify the accuracy of all documents, forms, contracts, and agreements within transaction files.
- Identify discrepancies, errors, and potential issues in transaction documentation and communicate them to the agents for resolution.
- Collaborate with agents, transaction coordinators, and team leads to address audit findings and ensure corrective actions are taken.
- Thoroughly educate agents about various forms and articulate the reasons behind the specific form requirements.
- Approve transaction files based on their completeness for the release of the CDA.
- Maintain a comprehensive understanding of real estate regulations, laws, and industry best practices to ensure audit compliance.
- Assist in developing and refining audit procedures and guidelines to improve overall transaction file quality and accuracy.
- Address problematic files and agents by escalating them to Manager for further guidance and resolution.
- Align with state-mandated document updates, engaging in reviews and collaborative discussions to enhance and update the transaction checklists.
- Creating and revising document checklists.
- Assist in or manage both short-term and long-term compliance-related projects, which includes brainstorming strategies to streamline processes or develop new ones.
- Previous experience working with CDA(s) (commission demand authorization).
- Two years minimum of previous experience in real estate transaction auditing, and/or transaction coordination.
- Exceptional understanding of real estate transaction processes, contracts, and legal requirements.
- Strong problem-solving skills and the ability to make sound judgments based on findings.
- Extreme attention to detail and the ability to identify discrepancies and errors in documentation.
- Excellent organizational skills with the ability to manage multiple tasks and prioritize effectively.
- Proficient in using the following software: SkySlope, DocuSign, & ZipForms.
- Experience with residential, residential leases and commercial transactions.
- Strong communication skills, both written and verbal, with the ability to interact professionally with various stakeholders.
- Ability to work independently and collaboratively within a team environment.
- Knowledge of relevant real estate regulations, laws, and compliance standards.
- Proficiency in resourcefulness and problem-solving when faced with challenges.
- Professional demeanor and strong ethical standards.