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Commission Disbursement Request - Real Estate

DateSubject Property
DateSubject Property

Commission Disbursement Request

– Real Estate

Important Info & Procedure

 
  1. Commission Disbursement requests will only be processed after the broker closing package, including the broker commission, and the closing statement has been received by the broker. 
  2. Request submitted prior to email notification to the agent on the closing package received, will not be processed. 
  3. The broker check amount & other property info shown on the closing statement are to be confirmed by the agent in order to ensure disbursement accuracy according to the company Compensation Exhibit.
  4. If applicable, the agent is to confirm the registration of “Smart-Buy Referral” on VA360.com – Smart-Buy Combo. The agent will receive a reduced Company Dollar amount when Smart-Buy Referral applies.
  5. The agent will be notified of the document broker-review result immediately after all transaction-related documents have been received and approved by the broker officer. 
  6. Incomplete or missing documentation email notice from the office, is to be responded to with satisfactory results by the agent in a timely manner, in order to proceed with the commission disbursement process. 
  7. ACH / Direct Deposit Authorization form to be completed by the agent and uploaded in request accordingly. 
  8. Agent’s commission will only be disbursed through ACH/Direct Deposit on each Friday, if all procedures, including document Broker-Review, are completed and approved prior to 5:00 pm on the previous Friday. 
  9. The office will not be responsible for any delay if the procedure is not followed accordingly.