🚀 Develop Mathematical Formulas for Automation in Real Estate Transactions! 🏡💡
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Israa Damoulay
Problem: In the real estate sector, it’s common for multiple brokers to work together on the same transaction. However, synchronizing the property price and the commission percentages for each broker can become complex.
Proposal: Let’s develop an automation system for calculations that integrates mathematical formulas directly into data fields, including dropdown menus and text fields. Here’s how it would work:
Automatic Calculation of Amounts: Once the property price and commission percentage are defined, a mathematical formula will automatically calculate the commission for each broker. The system will analyze values entered into the text fields and dropdown menus.
Error Handling: If a field contains a non-numeric value, the system will return an error to ensure that only valid numbers are considered in the calculation.
Simplified Display: The calculation results—i.e., the commission amounts for each broker—will automatically populate the appropriate fields, visible on the dashboard for real-time tracking.
Concrete Example: Let’s say a property is listed for €500,000, and two brokers are involved in the transaction. The first broker has a 3% commission, and the second broker has a 2% commission. Once these values are entered, the integrated formula automatically calculates the commission amounts for each broker and displays them in the dedicated fields. The result: simplified management, with no errors.
Why is this great?
✅ Time-saving: Calculations are automated, so there’s no need to do them manually.
âś… Guaranteed accuracy: Data entry errors are prevented with automatic checks.
âś… Optimized collaboration: Each broker can see the results in real-time, making transaction management easier.
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K
Keith Besherse
I vote: No.
HighLevel is a generalist platform. Use snapshots and apps from App Marketplace to make it work for your particular niche.
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John Demitri
As Mike said this can already be done. Use a trigger event like field updated to set a workflow. have the workflow check data, and use field type to insure digits for characters. For my more complex calculations I use a webhook to zappier sending the fields I want and let the zap return my answer.
In using math operation when I have to do several individual calculations and use the products of those calculations to get the final answer, I use place holder custom fields to store the answers from the initial calculations and then to make the final calculation from them.
It looks to me to add more automation in GHL would limit it's use as apposed to increasing its use.
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Israa Damoulay
John Demitri I will explore the options available with Zapier to see how I can use it effectively in this context. Thank you John
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Mike Hughes
I do this with automation. I think the catch with doing it in the field (while I like the idea) is that it could be difficult to account for commission amounts if there is a referral fee (due) and/ or a sliding commission amount (based on the agent's annual production). I use custom values for the "default" value, then the agent can enter a deal specific amount (if applicable). If the deal specific amount is not empty, then it is used in the automation's calculation. The workflow is triggered anytime the commission fields are updated.
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Israa Damoulay
Mike Hughes Yes, this is possible only when the fields are of a monetary type. However, if the formula relies on a field other than monetary—such as when I need to input the property value (monetary field) and the transaction percentage (drop-down list with various percentage options)—it's not feasible. This is due to the limitations of field types available for formulas in automations.