While commission splits can be added during the agent’s DocuSign session, BOSS’s commission splits feature can automatically add additional agents and split percentages.
For example, let’s say an agency has a 30%/70% split with their agent. The agency could have 100% of their agent’s commission assigned to the agency, process their own commission accounting, and pay 70% to the agent. Alternatively, a commission split can be created so that 30% of the commission goes to an agent that assigns commissions to the agency and the remaining 70% goes directly to the agent, eliminating the need for the agency to process commission accounting and pay the agent.
You can add a commission split by going to the writing agent’s settings in BOSS as shown below.
If you want commission splits only applied to a specific eApp, you can override the commission split settings from the agent’s settings by using the Access tab on a eApp as shown below.
If you want commission splits only applied to a specific Quote & Apply website, you can override the commission split settings from the agent’s settings by using the Commission Splits tab on a Quote & Apply website as shown below.
Important notes:
- BackNine will automatically appoint the additional agents you are splitting commissions with.
- If the agent you are splitting commissions with isn’t licensed in the state of the application, they will not be added to the case and a note informing you of the occurrence will appear on the case.
- Commission split automation only applies to applications completed via Quote & Apply.