Let’s break your statement into smaller sections…
Jump to a section:
- 1. The “Aggregate” Section
- 2. The “Rev Share Unlocked” Section
- 3. The “My Recruits” Section
- 4. The “Rev Share Volume” Section
Note: The data in the statement is fabricated to provide an example.
1. The “Aggregate” Section
The month of which this Rev Share payout is calculated from. (In this example: Feb 1 - Feb 28)
To determine Personal Production, we calculate the average number of files YOU have closed (not your recruits) and been paid on over the last 3 months. (In this example: Dec, Jan, Feb)
The date used to count
2. The “Rev Share Unlocked” Section
Your name will appear here as the agent who is being paid out for this month. (In this example: Scott)
The number of agents who have specified to us (via our Sponsor Contract) that you were the primary influence in their decision to join BRX Mortgage.
The calculated average files per month that YOU close based on the previous three months.
In this example, Scott has 4 Direct Recruits, therefore, has unlocked up to Tier 2.
In this example, Scott’s Personal Production is an average of 2 files per month, therefore, has unlocked the Top Revenue for Tier 1 increasing the Tier 1 payout from 3% Base Revenue to 4%.
3. The “My Recruits” Section
All of the agents listed in the “Direct Recruits: Tier 1” column count toward your “Direct Recruits” number to unlock Rev Share Tiers.
In this example, Scott (whose statement this belongs to) brought Lauren, Shannon, Braeden, and Devante over to BRX. Lauren then brought Coco and Otis over to BRX making those 2 agents Scott’s Tier 2 Indirect Recruits; and Otis brought over Joe, Tier 3.
4. The “Rev Share Volume” Section
The names of your Recruits that you are earning Rev Share off of this month.
The details of each file that you are earning Rev Share off of this month.
Specifically, the “Total Compensation/ Rev Share Volume” is the amount used to calculate the Rev Share amount earned.
The amount of Rev Share you earn from each file based on which Tiers you have unlocked and which Tier that Recruit is in.
In this example, the payout on Coco’s file appears in the “Tier 2 Payout” column of the “Rev Share Volume” section because Coco is a Tier 2 Indirect Recruit.
The payout amount is green because Scott has unlocked Tier 2 Base Rev and, therefore, has accessed the $67.20 (2% of $3,360.00, the “Total Comp/ Rev Share Volume” for that file).
In this example, the payout on Bobby’s file appears in the “Tier 3 Payout” column of the “Rev Share Volume” section because Bobby is a Tier 3 Indirect Recruit.
The payout amount is red because Scott has NOT unlocked Tier 3 Base Rev and, therefore, has NOT accessed the $55.00 (1% of $5,500.00, the “Total Comp/ Rev Share Volume” for that file).
And finally, the Total amount paid out this month based on the Tier Payouts in the table. (In this example: $67.20 + $166.19 = $233.39)
If you have any questions, please reach out to ask@brxmortgage.com