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Rainmaker
3,434,917
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I have to calculate the commission when I prepare the transaction sheet for my company that accompanies the contractual paperwork. I don't have any ideas on spending... when I receive my commission my husband takes care of the rest.

Dec 07, 2015 08:17 PM
Rainmaker
778,191
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No, it's still Monopoly money at that point.

Dec 07, 2015 07:37 PM
Rainmaker
1,157,329
FN LN
Toronto, ON

Until the funds are in my bank account, I don't plan anything.

Dec 07, 2015 10:31 AM
Rainmaker
846,120
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Subconsciously probably immediately calculated but I would be aware of the range beforehand. Then it goes to the bank.

Dec 07, 2015 07:12 PM
Rainmaker
634,116
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

The really big ones do have me dreaming a little but I never really count it until it is deposited into my account.

Dec 07, 2015 05:11 PM
Rainmaker
2,324,580
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Debbie. In Kenny Rogers song, this lime sums it up pretty well. "They'll be time enough for counting, when the dealing's done". 

Dec 07, 2015 04:31 PM
Ambassador
3,244,287
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I don't count my chickens before they hatch so to speak Debbie Reynolds 

Dec 07, 2015 03:18 PM
Rainer
71,844
Jack Wickham
Clarksville, TN
Building with Integrity

No never. It isn't sold until it closes.

Dec 07, 2015 11:40 AM
Ambassador
1,300,872
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

I'm always aware but it isn't my focus.  I really don't need anything at this point of my life so spending it is not something I get into anymore.

Dec 07, 2015 10:16 AM
Rainmaker
554,914
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Debbie,
I calculate it ASAP and put it in my pipeline spreadsheet. I don’t typically think much of how it will get spent. It just goes in the pot.

Dec 07, 2015 09:47 AM
Ambassador
4,305,787
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Debbie Reynolds I have a google spreadsheet that takes care of 'pending' and 'closed' voulme.

And I do not like to start spending that money before earning it...lol!

Dec 08, 2015 02:47 PM
Rainmaker
1,554,112
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

No, I don't make any plans (not even just dreaming kind of plans) until the money is in my account. I do, however, add it to my spreadsheet of deals underway.

Dec 07, 2015 07:48 PM
Ambassador
2,758,931
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Debbie. I do not count my chickens until the eggs hatch.

Dec 07, 2015 05:12 PM
Rainmaker
3,985,513
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

When I get my check...I have found over the years that if I spent it before I had it the sale went south

Dec 07, 2015 03:14 PM
Ambassador
2,199,119
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I don't calculate my commission until we are set to close. I don't ever plan on spending it. I always plan to put it in the bank. 

Dec 07, 2015 01:40 PM
Rainmaker
527,753
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

I know what we are making once we open escrow. We don't worry about iyt until its in our bank account.

Dec 07, 2015 12:49 PM
Rainmaker
4,807,174
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debbie,

I always knew what our commission could be, and I never sent it until it cleared the bank.  Since, I also paid our agents, I would immediately subtract that amount in my head.  A

Dec 07, 2015 12:06 PM
Rainer
279,004
John Crosby
Real Property, Inc. - Marblehead, MA

I treat it as if it is bad luck if I calculate my portion prior to preparing the commission statement, and I never think about spending it until the commission check has cleared.

Dec 07, 2015 11:50 AM
Rainmaker
1,679,710
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I look at the commission after all the signatures are signed, appraisal and inspections are complete and a clear to close. I don't think about spending it until after it is in the bank and look at the budget.

Dec 07, 2015 11:25 AM
Ambassador
4,638,143
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I calculate the amount just before sending out the invoice, but i dont start spending it until it shows up in the mail.

 

Dec 07, 2015 11:04 AM
Rainmaker
1,814,127
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I am with @David Gibson on this one - I have a certain amount that I expect to generate each month so it mentally goes toward that amount. I don't plan on how I will spend it other than meeting expenses like payroll, marketing, tuition, mortgage etc etc! LOL 

Dec 07, 2015 10:39 AM
Rainmaker
1,505,956
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Well, commission amounts are calculated by Escrow, not by me. And I never plan how I spend it, even I do try to predict my in/out flow. 

Dec 07, 2015 10:04 AM
Rainmaker
797,739
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

When it is recorded. Superstitious me! :)

Dec 07, 2015 10:03 AM
Rainmaker
409,108
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, GRI,SFR, REALTOR®

Good morning Debbie,

I never count my ducks before they hatch.

Dec 12, 2015 09:39 PM
Rainmaker
812,017
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Debbie - Absolutely not. I don't even calculate my commission. I just wait until I receive a check in my hands and then deposit it.

Never count your chickens before they hatch, or as Kenny Rogers sings, "You never count your money while your sittin' at the table. There'll be time enough for countin' when the dealin's done".

Dec 09, 2015 03:09 PM
Rainmaker
577,822
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

I learned a long time ago that there is no guarantee of ever getting paid until the check is cashed and in the bank.  Even then I wait at least 6 Months before I'm relatively sure they won't sue.  I don't think of the money as mine so it not spent or designated for until it's in the bank.

Dec 08, 2015 12:34 PM
Ambassador
2,943,440
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I actually don't even pay myself commissions so no.  I'm salaried at my company and my commissions go into my corporate account. I do check to make sure it's the same on the closing documents as it was in the MLS

Dec 08, 2015 12:02 PM
Rainer
23,370
Melissa Daniels
Berkshire Hathaway HomeServices PenFed Realty - Clarksville, TN

I don't count on it until I leave closing.

Dec 08, 2015 10:25 AM
Rainmaker
1,582,833
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

I never calculate the commision until I receive the HUD to make sure it is correct. When I get it, Sandy gets it all!

Dec 08, 2015 08:03 AM
Rainmaker
1,295,022
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I look at the numbers after it gets accepted (to make sure escrow has the commission instructions correct).  I don't count my money until escrow closes though.  After that the money gets split into savings accounts and operating accounts and I go from there.  Next on my spending list: M1 Garand, gun safe, power generator and an SUV.... and maybe a Sig or a Glock.

Dec 08, 2015 03:45 AM
Rainer
149,706
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

Its spent before I make it often, ha ha!

Dec 08, 2015 03:04 AM
Rainmaker
5,319,967
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I always calculated the commission when the offer was accepted.... it's an Armenian thing!!!!

Dec 08, 2015 01:36 AM
Rainmaker
863,906
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

No way...commission never comes into play till the day of closing. Too many things can and does go wrong. I never count my chickens till it hatches. First thing that comes to mind at the time of listing/contract is how to avoid any unforeseen issues.

Dec 08, 2015 12:42 AM
Rainmaker
5,756,199
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I is best not to count on that commission until settlement takes place.

Dec 07, 2015 11:03 PM
Rainmaker
2,544,066
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I stopped doing this but when I was doing it, I was adding up revenue long before chicks hatched like in the phone call stage of a potential deal

Dec 07, 2015 10:48 PM
Rainmaker
1,401,127
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Debbie Reynolds When I cash the check. Counting your fee before closing is a guarantee to jinx the sale. LOL

Dec 07, 2015 10:45 PM
Rainmaker
3,611,883
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

When I submit the contract to my office, the brokerage commission is a part of that form.  I learned from experience many times, not to think about spending it until it's in my wallet.

Dec 07, 2015 10:44 PM
Ambassador
1,522,579
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Closing day.  Don't count your chickens until they hatch. 

Dec 07, 2015 10:35 PM
Rainmaker
3,326,343
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Oh my.... NO!

Dec 07, 2015 10:31 PM
Rainmaker
4,311,124
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

After the closing and have the check in my hot little hands.

Dec 07, 2015 10:21 PM
Rainmaker
3,063,785
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Not until we have to create the Commission Disbursement Authorization...

Dec 07, 2015 10:11 PM
Ambassador
1,706,597
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I can always figure commission in my head but on spending I am more of an income person rather than outgo. We have a budget that includes how much we invest in profits. We also make sure that taxes are paid, in fact taxes for 2015 has already been paid with a bit of overage.

Dec 07, 2015 09:37 PM
Rainmaker
809,940
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I follow the business plan.  Spending based on a single transaction indicates other issues may exist.

Dec 07, 2015 09:25 PM
Rainmaker
3,152,453
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

When they hand me a check at closing, it is never closed until it is closed. 

Dec 07, 2015 09:20 PM
Rainmaker
1,306,108
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

I wait until the close to tell the better half who will then make all the decisions and I might get a sipend!

Dec 07, 2015 08:59 PM
Rainmaker
4,432,726
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No. I do not think about it until after the closing.

Dec 07, 2015 08:45 PM
Rainmaker
3,546,489
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

While I have the approximate amount in my head, until I have the check in my hand ready for deposit, no plans!

Dec 07, 2015 08:39 PM
Rainmaker
315,637
Robert Smith
Preview Properties, PC - http://www.RealEstateMich.com - Brighton, MI
SRES, Search for Homes Brighton-Howell-SE Michigan

I calc the GCI and NCI but I learned a long time ago that you never make firm plans for it until it is deposited.

Dec 07, 2015 08:23 PM
Rainer
140,210
Richard L. McKinney P.A.
Atlantic Shores Realty Expertise - Port St Lucie, FL
For Results that MOVE you on the Treasure Coast!

I think about the commission when my assistant emails me a task to approve the disbursement authorization (this instucts the title company how to split the commission check to our office so I can get paid at the table). I need to approve it before she sends it to the title company.

My assistant sends me the D.A. once we have a clear to close.

Dec 07, 2015 07:07 PM
Rainmaker
1,075,259
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

When offer is accepted.  You want to know if it will go through and if it does. The broker gets a cut of it. Then I worry about what bills I can pay out of what is left of it....

Dec 07, 2015 12:22 PM