Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The commission rate as per Stacey Simpson employment agreements states that she will receive 43% of the agency gross commission as she is still developing

The commission rate as per Stacey Simpson employment agreements states that she will receive 43% of the agency gross commission as she is still developing her skills and requires assistance with her list to sell ratio of 50%, appointment to list ratio of 4:1 and appointment setting skills of 33 contracts to appointment set.

Stacey's core area of business contains property that sell for an average price of $750,000.00.

Fill in the table below to work out the KPI's that Stacey would need to achieve to be used at his one-on-one meeting with Stacey as part of discussions and weekly reviews to ensure that Stacey is meeting her expected KPI's.

Stacey's Information

Peter's Gross Income Goal

$ Answer

Peter's Commission % Entitlement

Answer %

Peters List to Sell Ratio

Answer %

Peters Appointment to List Ratio

Answer : Answer

Contacts to Appointment Ratio

Answer : Answer

Average Fee Per Sale

$ Answer (Agency)

$ Answer (Stacey)

Expected KPI's Over 12 months

Number of Sales Required

Answer Sales

Number of Listings Required

Answer Listings

Number of Appointments

Answer Appointments

Number of Contacts

Answer Contacts

Expected KPI's Monthly

Number of Sales Required

Answer Sales / month

Number of Listings Required

Answer Listings / month

Number of Appointments

Answer Appointments / month

Number of Contacts

Answer Contacts / month

Note: Assume 4.3 weeks in a month.

Expected Weekly KPI's

Number of Contacts

Answer contacts / week

Expected Daily KPI's

Number of Contacts

Answer contacts / day

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Detecting Accounting Fraud Analysis And Ethics

Authors: Cecil Jackson

1st Edition

0133078604, 9780133078602

More Books

Students also viewed these Accounting questions