brokerWOLF

brokerWOLF is a back office system for realtors. Created with the end user in mind, this simple yet comprehensive program provides a complete office management solution.

Lone Wolf’s Back Office software combines traditional accounting with automated commissions, transaction data and real time reporting to give broker’s accurate, on-demand insight into all activities associated with the office–from agent profitability to bank reconciliations. Designed specifically for the real estate industry, it speaks your language and works within your processes not the other way around.

Video Overview

Features

Some of the top features of brokerWOLF from Lone Wolf Technologies include:

ACCOUNTING

• Accounting basics like accounts payable and receivable
• Real time G/L posting and reconciliations
• More advanced tools like forecast, budget and comparison reporting

TRANSACTIONS

• Electronic Deal Sheets
• Transaction Processing and File Compliance
• MLS Listing integration
• Centralized system to track all deals

AGENT MANAGEMENT

• Membership Info: Contact info, contracts, licenses, anniversary and key dates in one tidy profile
• Agent reporting & dashboards (through WOLFconnect Basic)
• Single point of entry used throughout brokerWOLF and all LW systems

COMMISSIONS

• Flexible and unlimited commission structures
• Automated fee and agent billing
• Supports complex partial payments, bonuses, pre/post-split deductions and custom disbursements

REPORTS and INSIGHTS

• 100s of management and production reports
• Robust Reporting such as Agent Net Worth, Ranking of Agents by Commissions, Expenses Uncovered or even Commissions with Other Brokers

Accounts Payable

• Invoice entry for office expenses as well as recovery of expenses from agents.
• General Account cheque preparation.
• Supplier inquiry activity for each supplier (Current & History).

Accounts Receivable

• Tracking all A/R activity from the trade record.
• Posting of cash receipts from lawyers, broker, and agents.

Agent Billing

Charging expense to agents is as easy as 1-2-3, with the many time efficient methods that the system provides.

• Split invoices through Accounts Payable.
• Charging expenses directly.
• Track and post recurring expenses.
• Post expenses to a group of agents.

You can also customize the system to allow for many different expense accounts for each agent. The end result is a professional looking Agent Expense Statement.

Agents Commission/Expenses

• Commission check preparation to agents including any deductions.
• Expense Activity including posting of direct expenses, recurring and group expenses.
• Preparation of monthly expense statements as well as yearly summary expense statements.
• GST reporting.

Commission Account Payable

Tracking of all other broker activity from the trade record.

Commission Trust Accounting

• Commission Trust activity on all trade activity.
• Commission Trust check preparation.
• Real Estate Trust Account reconciliation.

Financial Activity

• Tracking of all trade, a/r, a/p, agent expense and commission.
• Reconciliation of the General Bank Account.
• Preparation of Government remittance for GST/HST.
• Analysis of budget and actual financial information.
• Preparation of financial statements for any date range as well as a yearly summary.

Property Listings

Tracking of all office listings and their details including agents involved.

Staff Payroll

• Preparation of Staff Payroll checks.
• Current Income, Employment Insurance, and Canada Pension Plan.
• Preparation of T4s, T4As, and their respective summaries.

Trade Records

• Input of all trade records.
• Agent commission split calculation.
• Production of lawyers and other brokers letters.

Trust Accounting

• Trust activity received automatically from the trade record.
• Trust check preparation.
• Term deposit calculation.
• Real Estate Trust Account reconciliation.