Bookkeeping for Real Estate Brokerages

Run your brokerage like the business it actually is.

Commission splits, agent payouts, irregular closings, and a dozen expense categories the average bookkeeper has never touched. We keep the books for real estate brokerages, so you always know where the brokerage stands and what you’re really taking home.

The brokerage money maze

Real estate finances don’t behave like other businesses

Income arrives in lumps, splits get complicated fast, and most bookkeepers have never reconciled a commission disbursement. Sound familiar?

  • Commission splits are a constant tangle

    Tracking what’s the brokerage’s, what’s the agent’s, and what’s owed after each split and fee is where most brokerage books fall apart.

  • Agent payouts and 1099s pile up

    Paying agents correctly and keeping clean records for year-end 1099s is a recurring headache when it’s handled in spreadsheets.

  • Lumpy income makes planning hard

    A few big closings one month, a dry spell the next. Without clean books, it’s nearly impossible to plan or set money aside for taxes.

  • You can’t see what the brokerage really earns

    Between splits, fees, marketing, and overhead, your actual profit gets buried. You deserve a clear number, not a guess.

How we help

Books built for the way a brokerage runs

We keep your books in QuickBooks Online, set up around commissions, splits, and agent payouts, and give you financials that tell you what’s really going on.

  • Commission income and splits tracked cleanly and accurately.
  • Agent payouts recorded right, with year-end 1099s handled.
  • Marketing, transaction, and overhead costs categorized properly.
  • Monthly financials with a clear, plain-English walkthrough.
  • Books kept tax-ready all year, so closings never collide with deadlines.
  • A real point of contact who understands how a brokerage operates.
We know your world

We’ve actually worked in real estate

This isn’t a firm guessing at how your business works. Two of our nine team members spent years working in real estate before joining AdminBooks, so the language of splits, closings, and commission checks is one we already speak.

Pair that with a firm founded by Renee Daggett, who built AdminBooks from her kitchen table in 2003 into an Intuit Top 15 Firm and PASBA’s 2024 Firm of the Year, and you get a team that understands both your industry and the numbers behind it.

Let’s talk numbers

See what your brokerage is really earning

Tell us about your brokerage and we’ll show you how we’d handle your books, and give you a clear estimate up front with no obligation.

Get your free estimate Prefer to talk it through first? Book a quick call.
Why AdminBooks

Industry insight and accounting expertise, together

Fully virtual, built on QuickBooks Online, serving business owners across the U.S. since 2003.

2 of 9
Team members with years of real estate experience.
20+ yrs
Keeping books for business owners since 2003.
Top 15
Named one of Intuit’s Top 15 Firms.
2024
PASBA Accounting Firm of the Year.
Questions

Bookkeeping for brokerages, answered

Do you understand commission splits and agent payouts?

Yes. Tracking commission income, brokerage and agent splits, fees, and agent payouts is core to keeping a brokerage’s books right. With two team members who’ve worked in real estate, this is familiar territory, not something we’re learning on your dime.

Can you handle 1099s for my agents?

Absolutely. We record agent payouts correctly throughout the year and handle year-end 1099 filing, so January isn’t a scramble and your records hold up.

Should my brokerage be an S-corp?

For many profitable broker-owners, an S-corp election can reduce self-employment tax meaningfully, but it depends on your numbers. We can look at whether it makes sense for you. Here’s how S-corp tax prep works.

My books are behind. Can you still help?

Definitely. We regularly clean up and catch up brokerages that have fallen behind between busy closing seasons, then keep you current with ongoing monthly bookkeeping.

Do I need to be local to work with you?

No. We’re fully virtual and work with brokerages across the United States. Everything runs securely online, so location is never a barrier.

Know your numbers. Grow your brokerage.

Get a free estimate and we’ll show you exactly how we’d take the books off your plate.