Running a team means making decisions with money you have not counted yet. What split to offer the agent you are recruiting. Whether you can carry another coordinator. Whether the business survives you stepping back from production.
Every one of those has a number behind it. We build the numbers.
Not because they are careless. Because nobody has ever put the number in front of them.
You are competing for an agent and the conversation comes down to the split. Offer too little and you lose them. Offer too much and you have bought production that costs you money to service.
The answer depends on what that agent will leave behind after the brokerage takes its piece, and what it costs you to support them. That is a calculation, not a gut feel, and it changes with deal mix.
A coordinator, an ISA, a second admin. Everyone tells you to hire ahead of the growth. Nobody tells you what the business has to be producing before that is true rather than reckless.
It comes down to what you keep per deal and how many more deals the hire makes possible. Both numbers exist. Most teams have never seen either.
You still list and close, and you carry almost no split on your own deals. That commission lands nearly intact in the same profit and loss as everyone else’s.
Take it out, add a fair salary for the job you actually do, and what is left is the business. You may have no intention of stepping back. But until you have seen that number, you do not know what you have built or what it is worth.
Salary, dividends, or a mix. Most team leaders default to whatever happened last year, or to whatever is left after everything else is paid.
The right answer moves with your corporate income, your personal situation and your RRSP room. It is a decision worth making deliberately once a year rather than by accident every month.
None of these are hard questions once the numbers exist. They are only hard because the books were never built to answer them.
Everyone in this industry works the top of it. Recruiting, gross commission, units, volume. The bottom is where a real estate business is actually built, and it is the half almost nobody measures.
We connect the dots across the full funnel and put the reports in front of you that a CEO should be looking at.
Getting to the bottom half needs two things joined together: your brokerage production data and your accounting file, reconciled monthly, deal by deal. See how production reporting works.
One firm, one set of books, one monthly rhythm.
A chart of accounts designed for deal sides, referral fees, brokerage charges and team leader production. Closed monthly, reconciled to your production reports rather than just to the bank.
Company dollar by deal side, cost per closing, agent contribution, pipeline against target, and your own production separated out.
Ten minutes to read, in plain language, ending in the two or three things in front of you this month. Plus a quarterly working session where we go through them together.
Staff, Canadian contractors, and your assistants in the Philippines or India, all on one schedule. You approve, we file.
T2, T1, HST and instalments, prepared by the firm that keeps the books, so your return and your statements tell the same story.
Compilation engagements prepared to CSRS 4200 by a licensed CPA firm, from books we already keep. When your bank asks, you send them the same week.
You lead a team with agents on splits or staff on payroll.
You know your GCI to the dollar and cannot say what the business kept.
You have a bookkeeper and a tax accountant and still cannot get a straight answer in June.
Your lender or your brokerage wants proper financial statements and you are scrambling.
You want to step back from producing and cannot tell whether the business survives without you.
If you are a solo agent or a PREC without a team, we serve you too. This page just is not written for you. See the page for agents and PRECs.
A 25 minute call. Tell us how the team is structured and where the numbers come from, and we will tell you what we would look at first.