Loft47 — a back-office automation and commission management platform for real estate brokerages — has introduced a new product aimed specifically at teams.
Loft47 for Teams is built to automate commissions, payouts and accounting workflows while giving team leaders real-time visibility into performance and profitability.
“Real estate teams are running increasingly complex businesses within brokerages, and they deserve the same financial intelligence and automation that broker owners enjoy,” Loft47 CEO and founder Sasha Hryciuk said. “Loft47 for Teams eliminates the manual reconciliation, spreadsheets and guesswork that slow down team leaders. They can now access clear, meaningful data in real time and spend their energy driving production and profitability.”
While the product uses Loft47’s existing back-office framework, the new platform adds features tailored to team structures, including automated commission allocations, sub-team tracking and deductions.
It also monitors deposits for every transaction, calculates gross commission income per agent and provides an instant readout of net team earnings.
Team leaders can view performance trends, cash flow and individual agent or sub-team metrics through a unified dashboard. The system also uses AI-powered document auditing to extract key contract details and check compliance automatically.
All deal files and accounting processes — from deposits to payouts to reconciliation — are centralized, the company said.
Early adopters have reported up to a 70% reduction in time spent on commission calculations, more than a 90% drop in manual entry errors and a 50% time savings per deal for administrators.
“Loft47 has completely changed the way we understand our team’s financial performance,” said Claire Crawford, director of operations and associate broker of the Crawford and Lee team with RE/MAX Realty Services. “For the first time, we can clearly separate our team income from the commissions paid out to our agents and instantly see how the business is actually performing.
“The system is easy for our admins to use, integrates seamlessly with Xero, and gives us confidence that our numbers are accurate every single month. Loft47 has become the financial backbone of our operations.”
The Team Experience Dashboard offers interactive snapshots of commission splits, income, closings, pipeline activity and lead sources.
Loft47 for Teams also integrates with widely used industry tools — including Rechat, Dotloop, DocuSign Rooms, SkySlope, Zum Rails, QuickBooks Online and Xero.
Loft47 said onboarding typically takes less than 30 days, with a review of a team’s structure and accounting workflows, followed by configuration of imported deals, users and commission models.
Teams then complete training and test runs before going live, with continued support after launch, according to leaders.
English