Set an engagement's fee terms

An engagement's fee terms set its closing invoice: each side's fee, a share of the first-year tax saving, and the estimation share of the buyer's fee billed at closing. A new engagement starts with an estimation share of 75% and a fee of 35% on each side, as FileMaker set them.

When a client with an executed MEA is attached to a side, the engagement takes the client's terms from its organization's Legal page: the buyer's fee, which also sets the seller's, or the seller's fee, and the lower of the two estimation shares. A client attached before its MEA is signed brings nothing, so check the terms once the agreement is signed.

• Have the signed agreement at hand, the MEA or the SEA, to read its terms.
• The terms show only on an engagement made in WarpCore. An engagement from FileMaker keeps the terms FileMaker holds.

1. 1.
   Open the engagement. From the task to convert the property to Tax Advisory, select the engagement's link on the card.
2. 2.
   Under Parties, find Fee % beside each side's Appraisal Fee, and Estimation % on the buyer's side.
3. 3.
   Type each percent as the agreement states it, such as 35 for 35%, and click outside the box. It saves.

The box keeps the percent. Expected Fee in the Engagement box is worked out again from the new terms, and the change history names each change.