Loft is a simple, easy to use, Real Estate accounting and compliance workflow automation service. We calculate and assign commissions, deductions and facilitate payments to all parties in Real Estate transactions. We leverage the power of Xero to stay focused on providing workflow automation and streamlined services to Real Estate Brokerages.
Closing a transaction involves many parties, including buyers and sellers, Agents, Brokerages, lawyers, escrow and title companies.
The execution of a Real Estate deal includes taking in or tracking monies in trust or escrow until the sale completes. At that time, monies being held are distributed among the Agents as commission earned.
A Brokerage earns income by taking an agreed-upon fee or fees from their Agents’ commission.
Loft is specifically designed to work for Brokerages and their Agents. We provide the platform to create the transaction and track all contractual documents and financial data for the Brokerage and all their Agents.
For more detailed information, see “How Real Estate Transactions Work”
Check out these additional resources to learn more about Real Estate Accounting and how Loft & Xero make it simple!
Watch the quick integration video below
Watch the accounting overview demo.
And there are even more resources available in our help center.