Glossary
A fast reference for terms used throughout SplitRE and its documentation. For the full walkthroughs behind each concept, follow the linked guide.
Agent Net — What an agent actually takes home from a deal: their share of the splittable amount, minus their own deductions (E&O, transaction fees, etc.). See Creating a Commission Plan.
Amendment — A corrected version of a confirmed deal. Amending creates a new deal record linked back to the original, which stays in your history for an audit trail. See Entering and Managing Deals.
Breakdown Snapshot — The frozen calculation record locked into a deal the moment it's confirmed. Later changes to a commission plan never retroactively change an already-confirmed deal's numbers. See Entering and Managing Deals.
Broker Cut (Broker Net) — The portion of GCI the brokerage keeps, after commission plan rules and any cap limit are applied. See Creating a Commission Plan.
Cap — The maximum dollar amount a brokerage collects from a single agent in a calendar year. Once hit, the agent keeps everything (or pays only a flat post-cap fee) for the rest of the year. See Setting Up Agent Caps.
Cap Ledger — The running, deal-by-deal record of how much broker cut has been collected from each agent in a given year — this is what SplitRE checks before calculating whether an agent has hit their cap. See Setting Up Agent Caps.
Cap Opening Balance — The amount of broker cut already collected from an agent before they were added to SplitRE, used so mid-year joiners' cap tracking starts accurate instead of at $0. See Setting Up Agent Caps.
Cap Year — The calendar-year window (resets every January 1) used for cap tracking, determined by a deal's closing date rather than the date it was confirmed. See Setting Up Agent Caps.
Closing Date — The date a deal closed, editable by the broker and defaulting to today. It determines which cap year a deal counts against. See Entering and Managing Deals.
Commission Plan — The reusable template that defines how a deal is calculated for any agent assigned to it: the split, the cap, and any deductions. See Creating a Commission Plan.
Confirmed — The deal status meaning a deal's numbers are locked into a breakdown snapshot and the agent has been emailed their commission breakdown. See Entering and Managing Deals.
Counter Gate — A commission plan rule that applies an extra fee only to an agent's first N deals (for example, a mentorship fee on their first 3 closings). Counts deals in confirmation order, not closing order. See Creating a Commission Plan.
Deal Override — A one-off customization (referral %, relocation %, bonus, custom deduction) applied to a single deal rather than the whole commission plan. Gets frozen into that deal's breakdown snapshot once confirmed. See Creating a Commission Plan.
Draft — The deal status before confirmation. Drafts can be freely edited and don't count toward an agent's cap yet. See Entering and Managing Deals.
Flat Deduction — A fixed dollar amount subtracted either off the top (before the split) or from the agent's share (after the split) — for example, an E&O insurance fee. See Creating a Commission Plan.
GCI (Gross Commission Income) — The starting number every calculation works from: sale price × commission percentage. See Creating a Commission Plan.
Percentage Deduction — A percentage of GCI taken off the top before the agent/broker split is applied — for example, a franchise royalty fee. See Creating a Commission Plan.
Plan Override — A per-agent adjustment to their assigned commission plan's split, cap, or deductions, without needing to create a separate plan just for them. See Creating a Commission Plan.
Split — The agent/broker percentage division applied to the splittable amount — for example, a 70/30 split. Must always total 100%. See Creating a Commission Plan.
Splittable Amount — What's left of the GCI after off-the-top deductions (franchise fee, referral %, relocation %, flat/percentage deductions) are subtracted — this is the number the split percentage is actually applied to. See Creating a Commission Plan.
Team Split — A commission plan rule type for agents who split commission within a team, rather than 1:1 against the brokerage.
Voided — The deal status for a deal that's been reversed. Voiding a confirmed deal reverses its contribution to the agent's cap ledger for the year. See Entering and Managing Deals.