Loft47

RATING:

5.0

(7)
Overview

About Loft47

Loft47 is a modern and intuitive commission management engine that automates manual work for busy real estate brokerages. It provides complete financial functionality from any device, anywhere. Loft47 tightly integrates with popular software you might already be using like Quickbooks, Xero, Dotloop, and Docusign. Let’s walk through the user experience when inputting a deal with Loft47. Begin by creating a deal in less than one minute. Attach and sync documents directly to deals. Collaborate with agents by sending instructions, documentation, questions, and much more. You can easily stay up to date with any incomplete tasks and monitor team performance. Once the deal is complete, review pending and completed paystubs, and view cash flow projections for pending closes.

Loft47 Pricing

We do the heavy lifting to migrate your setup data from your previous platform. Setup fees are one time only and include setup data migration, integration set up/training, unlimited setup & training webinars for your team, access to our knowledge base, and up to 4 one on one meetings with our experts. Your monthly licensing fee includes technical support available by live chat, email, and a live answered 800 number from 9:00AM to 9:00PM EST.

Starting price: 

$170.00 per month

Free trial: 

Not Available

Free version: 

Not Available

Loft47 Commission Management Software on Desktop
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Loft47 Reviews

Overall Rating

5.0

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

5

Value for money

4.5

Functionality

5

Most Helpful Reviews for Loft47

7 Reviews

User Profile

Ted

Verified reviewer

Used daily for less than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed May 2018

Easy to use, fantastic support, mobile friendly, fast and accurate.

Manages my sales income, and trust account.

PROS

Easy to use Friendly design no matter what platform you are using Fantastic support Easy to chat with, and contact anytime. Leaving a message is easy, and the help pages are filled with videos and are easy to understand. Mobile friendly Because who sits at a desk all day these days? Fast and accurate. My accountant also gives Loft47 praise, everything is neat and tidy where it should be!

CONS

Wouldn't everything be better if it was free? However, it's worth every penny. Couldn't run my business without it. Saves me from paying a full time accountant! Maybe would be nice to have a few more reports on the health of the business? I think they are working on it tho. However, the core product is what we really need, the rest can be just a distraction.

Chad

Real Estate, 2-10 employees

Used daily for less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

3

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed September 2017

Loft47 has essentially eliminated all data entry for our brokerage.

PROS

The seamless integration with Dotloop and Xero make accounting a breeze. The tech stack has turned our deal processing and agent pay-out a 2 or 3 click process. The agent portals are a great way for agents to track their revenue, plan and grow year over year.

CONS

Sometimes there are minor bugs that are hard to determine if it is user error or a system issue. Customer support has been incredible for pointing out these concerns and they are less and less frequent as time has gone by.

Otniel

Used daily for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed May 2018

Loft47 is an easy way to track listings, contracts & commissions for each of my team members

A streamlined way to keep track of team members' individual commission amounts.

PROS

Each listing and contract has a separate tracking # and all the facts of each listing and each contract are broken down into basic categories, which make finding detailed information very easy.

CONS

Submitting the information for "People" is sometimes confusing as to "Outside Brokerage" and for Title Company.

Edward

Real Estate, 2-10 employees

Used daily for less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed May 2020

Office Management

PROS

Our agents loved that they could check their CAP any time.

CONS

The transaction fee would get stuck and we would have to delete it to tick a checkbox

Ted

Real Estate, 2-10 employees

Used weekly for less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed August 2017

Couldn't do my business without it!

PROS

Ease of use is very important to me since I'm not an accountant. It's great to see how smooth and easy it is to use with little learning curve. Love the integration with dotloop. But most importantly...I don't need to be in the office to run checks. Everything can be done on my iPad!!!

CONS

Maybe more reports on agent productivity, cost to the brokerages, overall invoices etc; however, whenever I ask about a report the support staff show me how to get to it. So far for what I need, the reports are there!

Kori

Used daily for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed May 2018

Very helpful staff, and easy to learn!

PROS

It is easy to use and the little chat box is awesome. I used an older software before this one, and I never even thought that you could do even half of the things that Loft47 does!

CONS

That the Listing documents do not automatically transfer over when you create a New Deal from it.

Lance

Real Estate, 2-10 employees

Used daily for less than 6 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed September 2017

Great system

Realtor friendly system, paperless with immediate support from admin

PROS

Flexibility, the administration with Loft47 will work with you to tweek the system to your companies needs

CONS

Training; Learning curve at the beginning - more training into what and where I should be focusing on

7 Reviews