Tip of the Week

Commissions Exceeding IAR's Limit

The maximum commission amount currently allowed on any single document in Interactive Agent Reporting (IAR) is $9,999.99. When a commission exceeds the $9,999.99 limit, the transaction will receive an error status and IAR will display the following error message: "INVALID COMMISSION – EXCEEDS MAXIMUM AMOUNT ALLOWED."

When you need to collect a commission amount that exceeds the IAR limit, you must split the transaction into multiple documents. For example, to report a $90,000 group deposit in your IAR sales report that earns you a commission amount of $18,000, you must issue two Electronic Miscellaneous Documents (EMDs) or Miscellaneous Charge Orders (MCOs) in the amount of $45,000 with a commission of $9,000 each. If you do not wish to split a transaction into multiple documents to accommodate the IAR maximum commission allowance, you must process the transaction directly with the carrier.