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MORE FAQ's

Question: What is the difference between a Team and a Group?
Answer:

A Team is two agents, which can be a lead agent and a buyer's agent or two agents in partnership.

A Group is three agents, which can be a partnership of three or more agents or a lead agent with two or more buyer's agents.

T = Team/Couple: two producing Associates who work together and total their production under one name. They may be a married couple or be two people who work as a team. The key here is they're both licensed and actively working with consumers. They may also have one or more assistants providing clerical and administrative support. If only one member of a married couple is actively producing (even if they are both licensed), that person could be considered in the "Individual" category.

G = Group: three or more producing Associates who work together and total their production under one name. The key to deciding into which award type an Associate should be placed is the production activities of the licensed people involved. If the licensees are involved in active real estate activities (showing buyers, taking listings, signing contracts, negotiating contracts or prospecting for business) then they count as a producing member. If there are 2 of those, it is a "Team", if there are three or more, it is a "Group".

The important principle here is being honest. KW International must rely on the Market

Center Team Leaders and Administrators to provide us with truthful and accurate

information . Our goal is to provide recognition and awards to our top producing

Associates. Since many people work as teams or even as groups, we simply want to

provide these more accurate categories of awards.

Question: Does WINMORE know when the agent has capped on Company Dollar (Co $) and Royalty?
Answer: Yes. As long as Assocaite Record contains the correct Co $ and GCI Minimum, CO$ & Royalty Anniversary Dates, WinWINMORE will notify you when the agent caps. The Assocaite Caps can also be viewed from the WinWINMORE system in both the DA, and the Associate Entry Screen under 'Other'.

Question: How do I input a Disbursement Authorization (DA) for a lease purchase that will pay the commission in installments over a three-year period? Answer: Enter a DA for each payment. Claim the Unit, Price, and Volume in the first DA and enter zero Unit, Price, and Volume in the other 36, yes, you read that correctly, 36 DAs. The close date for each of these 36 DAs will be for each month the payment is expected. For example, DA#2 close date = 11/00; DA#3 close date = 12/00, etc.
Each monthly payment will include interest and should NOT be included as GCI in WINMORE. The interest portion should be coded to 9019000 Interest Income ONLY in Champion.

Question: What award categories are affected by GCI and Adjusted Volume?
Answer: All awards are based on GCI & Units. For Teams and Groups, you must set up a new entity for that Team/Group (Enter Team/Groups), so their production can be pooled and awards given to all members in the Team or Group. Adjusted GCI is simply GCI divided by 3% and reflects awards GCI.

Question: Why does my Agent Recap Written Volume not agree with my EOM Written Volume for the month?
Answer: If you had a new contract entered in that month that was TNC'd (Transaction Not Closed) in the same month OR if you entered a pending Type O Class R, this would explain the difference. TNCs are not reported on the Recap and Type O Class R (Referral Income) are entered ONLY when they close .

Question: How do I check my WINMORE/MYOB Data?
Answer:

For WinMORE:

In WinWINMORE Click "Setup" Then click "Verify System & Data Files". If you receive any message other than "Your System and Data Files are OK" Call Systems Support, or contact via email: solutions@kw.com

For MYOB:

In MYOB Click 'File' then 'Verify Company File' then click 'Okay'. If you receive any other message other than 'No Errors were found in your company file', Contact MYOB Customer Support at: 800-662-3788 Make sure to have your MYOB Serial Number ready.

Question: How do I "Set Costs" in WINMORE?
Answer: Total KW Approved Costs is the MYOB amount used when you Set Costs in WINMORE at EOM. It represents the total operating costs of your Market Center .

Question: I have a couple of husband/wife teams. Both the husband and wife are licensed agents and pay MLS fees, etc. Do I set both the husband and wife up as individual agents or should they be entered under one name? If set up individually, can the husband be the wife's sponsor, or vice versa (i.e. can they individually receive profit sharing checks from the same downline)?
Answer: Enter individual agent records for each spouse. They can choose how to position themselves in the Tree in order to maximize their profit sharing. Also set up a Team Record for the married team before posting DAs. Married couples may also share caps and there are several scenarios:
1] If the couple splits everything 50/50. In the AGENTS record, enter ½ caps for each spouse.
2] If only one spouse actually signs contracts. In the AGENTS record, enter full caps for the closing spouse and zero caps for the spouse who doesn't have any production.
3] If there is no pattern to the couple closings (e.g. Both sign contracts and split 50/50). In the AGENTS record, enter full caps for both spouses and watch their production manually. When one of the spouses is about to close a transaction that will cap them, "drop" the Co $ and GCI Minimum caps in both records appropriately and then close the DA. WINMORE should notify you that this agent is about to cap.

Question: Does the Lead Agent (LA) pay the cap for their Buyer's Agent (BA) or is the BA responsible for their own? This determines how the Buyer's Agent is paid - from the Disbursement Authorization or from the Lead Agent.
Answer: If the BA has 1099 income, it MUST be booked through the DA. Remember, with WINMORE we must "think 1099".

Question: I have an agent who has changed their status to that of a licensed assistant and now works for another agent. Are they required to pay the consortium fee?
Answer: If the licensed assistant will be showing property and writing contracts, yes. If not, change his production status to "Other."

Question: My total Royalty Base (on Closed Sales) is higher than it should be because we had 2 married couples whose combined Royalties added up to $3000.00. How do I change the royalty base to the lower amount?
Answer: WINMORE has to be set up differently for married couples depending on who closes specific contracts and when:
1] If a married couple splits all transactions 50/50, set up half caps of $9000/$25000 in each WINMORE AGENTS record.
2] If only one spouse closes everything, put full caps in this spouse's record and zero caps in the other.
3] If they close transaction randomly, you will have to watch their GCI and Co $ closings and anticipate in which DA they will cap out. Before posting this DA, go into their agent's record and drop the caps so when you post the DA, it'll calculate correctly for both Co $ and Royalty Base.
For example: husband closed and paid $2500 co $ and GCI = $8333.34; The wife closed and paid $12,000 and her GCI = $40,000. Together they now have total Co $ = $14,500 and GCI = $48333.34. The wife is about to close a transaction that will cap them. Change the husband's caps to $2500/$8333.34 and the wife to $15,500/$41666.66 and then post the DA. WINMORE will calculate the precise additional $3500 Company Dollar and $1666.66 Royalty Base.
Once the WINMORE agent records are set with the correct GCI Minimum (Royalty) caps, recalculate the DA so the Royalty Base for Franchise Royalty (FR) and Agent Royalty are back in balance on this DA.

Question: We have an agent who has worked with a contractor to sell a custom home on a lot that the contractor owns and the home is currently under construction. The contractor (seller) has made a progress commission payment. How do I process this?
Answer: Handle this like a Note Disbursement Authorization (DA). Set up two DAs for this sale. Claim the sales price and unit on the first one and the first payment of the GCI. On the second DA, claim no price or unit and the remainder of the commission.