How can you see a potential commission or a potential sale?

Q: In the Volume Pipeline and Commission Pipeline graphic of the Dashboard, how can you see on the graphic a potential commission or potential sale? 

A: Potential is based on the "Active" and "Pre-Listing" Listings that you have in your Properties screen. It is showing the volume that you could potentially get if a buyer is found for them.

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Comments

  • Avatar
    Sandy Simmonds

    It would be nice to see both buyer and seller potential volume. I have qualified buyers that will be buying in the next 30 days and it would be good to see this in my potential volume widget as "Active" Buyer, just like I do for an Active Listing, Pending Listing and Pending Buy Side Sale.

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    Maggie Dokic

    Sandy does that mean you see your Pending buyers included in the potential commission? The response from RV seems to indicate it's only listings that are included. I haven't actually checked mine. I'm looking for a response to something else and stumbled upon this while searching the other. Leaving breadcrumbs. =)

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    Gary Hall

    Potential = Active + Pre-Listing Properties

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    Kelly Sams

    I have a pre listing but it's not showing any potential commission or anything on my dashboard. I also have buyers under contract & nothing is reflected

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    Nathan Schulz

    Hi Kelly,
    In order for a Property to appear in the Pipeline Widget, your Linked Contact has to be set as the Seller Agent the Property's People tab. Take a look at the video in this article here for more details: http://help.realvolve.com/hc/en-us/articles/206470543-102-Commissions-and-Volume-Requirements

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    Thomas McLaulin

    Revenue is revenue - Listing commissions and Selling commissions (buyer side) are still commissions. It's all prospective until a deal closes. However - I think it would be much more relevant to show all prospective revenue. I also think that there are too many dependent conditions required to show the revenue in the widgets. If I put in a list price of $500,000 and a commission of 3% - I would like to see a $15,000 prospective commission/forecast. - I think the above requirement is too much. If we want to talk about closed revenue (collected) it might make sense to have more requirements.

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    Thomas McLaulin

    Furthermore - I don't understand the thinking behind segregating listings and transactions in RealVolve. I of course segregate my listings from my buyers. They are entirely different activity sets. I consider a listing a transaction. It means I have a contract to exclusively be paid for the sale of a property. With a listing (property) I now have one revenue event that I have to track and manage in 2 places when a buyer comes to the table. To be clear my point is that a listing agreement is a revenue event. I would rather track listings and buyers separately - but consider them all revenue events that I would like to see as a forecast and as recorded sales in the end.

    It seems that RealVolve wants to track listings as a project record and buyers as a contact record - then when a listing gets a buyer it also becomes a transaction but a buyer only becomes a transaction when there is a contract. It's weird to track them so differently.

  • Avatar
    Thomas McLaulin

    I am wrestling to get RealVolve to work in a few critical way. I have about $3MM in inventory listed active on the market right now. But it only shows a sales funnel for my a pending transactions. It should show $90,000 in sales funnel for active listings plus - any pending - plus and buyers that I am touring with....

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    Gary Hall

    Hi Thomas! There is some i dotting and t crossing to get those numbers all to work. This should help explain it! https://help.realvolve.com/hc/en-us/articles/210241826-Dashboard-Widgets

  • Avatar
    Michael Vila

    I agree these widgets have a long way to go. We need to see our potential income based on buyer, seller, and rental potential on properties and transactions that are pending, not just closed and active.

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