Setting Up Agent Caps
The cap is the maximum amount your brokerage collects from an agent in a calendar year — see Creating a Commission Plan for how it factors into the calculation itself. This guide covers the one-time setup step: telling SplitRE how much of that cap an agent has already used.
Cap opening balance
If an agent joins mid-year, or you're migrating from another system where they already had deals collected against their cap this year, you need to set their cap opening balance — otherwise SplitRE will think they're starting from $0 and they'll be under-capped for the rest of the year.
- Go to Agents and click the agent's row to open their drawer.
- Find the Cap Opening Balance field — it's described there as the amount of broker cut already collected for this agent before they were added to SplitRE.
- Enter the dollar amount and click Save. If they don't have a prior balance, use Set to zero.
How the cap ledger works after that
Once the opening balance is set, SplitRE tracks the running total automatically — every confirmed deal for that agent adds a row to their cap ledger, with the cumulative total (opening balance + everything collected since) checked against the cap limit before each deal's broker cut is calculated. When the cumulative total reaches the cap, the agent gets 100% (or a flat post-cap fee, if the plan defines one) on every deal for the rest of that calendar year.
The cap year resets every January 1st, based on each deal's closing date — not the date it happens to be confirmed.