Set up Appraiser Commission % and Flat Fees | Appraisers
Automate appraiser fee calculation with appraiser commission settings.
Begin by going to your user list and select the user you want to edit. From the user details screen, choose the Fee Schedule tab.
Choose whether you want the commission for this user to be calculated by % or set with a flat fee.
- If you choose the “By Percentage” option, the appraiser fee will be calculated by: Report Fee x Appraiser Commission Percentage.
For Example: The report fee is $450 and the commission set to 13%. The appraiser fee will equal $58.50 ($450 x 0.13)
- If you choose the “Flat Fee” option, the appraiser fee will equal this amount and be the same no matter what the report fee is.
For Example: The report fee is $450 and the flat fee is set to $45. The appraiser fee will equal $45.
Please Note: You can enter an amount in both the % and flat fee fields, but you have to pick one to be the default when this user is assigned to a fee.
Now whenever this user is assigned to an order with a Report Fee or is assigned directly to a fee, the commission will automatically be calculated.
Learn about Split Fees
Do you have multiple appraisers on the same order? Split fees can do that