Loft47

Loft47 provides back-office software to real estate brokerages. It works out commissions, keeps trust and escrow accounts, runs compliance checks and pays agents, and the company says its team spent nine years working inside brokerage operations.

What Loft47 offers

• Commission engine — automatically handles varying split structures, caps, fees and team arrangements.
• Compliance checks — run before funds are released so issues can be flagged before they become problems.
• Document reading — pulls details out of deal paperwork, including PDFs, to cut down on typing.
• Adaptable rules — rules can vary automatically depending on the deal type, the location or the team involved.
• Connected accounting — transaction and deal accounting flows directly into a brokerage's full set of books.

Who it works with

According to the company, its customers are brokerages in thirty-nine US states and six Canadian provinces, and most go live within about thirty days without a long-term contract.

Key facts

• Based in: Canada