Appraiser Fees
Appraiser and Supervisory Appraiser fees can be a dollar amount, a percentage of the fee, or a flat fee assigned by job type.
Individual Appraiser and Supervisory Appraiser fees populate the Fee Splits section of the Billing Info tab of an Order. Enter a total fee for the appraisal and the Amount to Split field is automatically populated.
Fee or Percentage Basis
- Click Databases > Appraisers.
- Select an Appraiser and click Edit.
- Enter the Default Appraiser Fee or Percentage, or the Default Supervisor Fee or Percentage. Select Percentage if the amount entered is a percentage. Deselect Percentage if the amount entered is a dollar amount. Click OK.
Using Fee Tables
- Click Databases > Appraisers.
- Select an Appraiser and click Edit.
- Select a Fee Table from the drop-down list and click OK.
NOTE: See Setting Up Fee Tables for additional information on using Fee Tables.
The Fee Table Database
Fee tables are designed to make the billing of appraisals more reliable, consistent, and less time consuming. After minimal front end work, Track automatically calculates Appraiser and/or Client fees.
Setting up Fee Tables
- Click Databases > Fee Tables.
- Click Add.
- Enter the fee table Code and Name. Code and Name are used for internal reference.
- Enter the appropriate Fees for each Job Type. Once fees are entered, click OK to add the fee table to the database.
- Click Close to exit.
TIP: Data from the Job Type field in the Common Responses database is used to populate the Fees grid. Save time by setting up Common Responses for Job Type first, before creating a fee table.
Editing Fee Tables
- Click Databases > Fee Tables.
- Select a Fee Table click Edit.
- Click in the Fees grid, enter the changes, and click OK.
- Click Close to exit.
Deleting a Fee Table
- Click Databases > Fee Tables.
- Select the Fee Table and click Delete.
CAUTION: Fee Tables are deleted immediately.
- Click Close to exit.
Fee Splits
Fee Splits calculate the amount paid to an Appraiser for a particular appraisal. Setup of Appraiser fees is required to use automatic Fee Splits. See Appraiser Fees for information on Appraiser fees setup.
Automatic Fee Splits
- Click File > New Order, or click the New Order icon (
), or press CTRL+N on the keyboard.
- Enter the order information, including Appraiser and Supervisor.
- Click the Billing Info tab.
NOTE: Appraiser and Supervisor carry forward from the Order Info tab.
- Enter thefee in the Billing Info section. Fee Splits automatically calculate.
NOTE: By default, the Amount to Split only includes the Fee.
Manual Fee Splits
- Click File > New Order to create an order, or click File > Open Order to open an existing order.
- Enter the order information and click the Billing Info tab.
- Enter the fee in the Billing Info section.
- Click Add under Fee Splits.
- Select the Appraiser Name and enter the Fee Split. Select Dollar or Percent.
- Enter the Paid Date and Notes (optional) and click OK.
NOTE: The Paid Date is the date that the Appraiser is paid. Notes are comments, reminders, or any other text.
NOTE: If the Amount to Split is greater than the Remaining Amount, the Total to be Paid displays in red indicating an overpayment.
Editing Fee Splits
- Click File > Open Order. Select an order and click Open.
- Click the Billing Info tab.
- Select an Appraiser under Fee Splits, and click Edit
- Edit the Fee Split details and click OK.
Deleting Fee Splits
- Click File > Open Order. Select an order and click Open.
- Click the Billing Info tab.
- Select an Appraiser under Fee Splits and click Delete.
NOTE: Only manually added Fee Split records may be deleted. To delete automatic Fee Split records, click the Order Info tab and delete the Appraiser and/or Supervisor from the order.
Related Tech Doc: Adding Appraisers in Track