Transactions & Commissions
Transactions Management Flow
New Listing
Upon receipt of a fully executed listing agreement, create a file in Business Tracker for Compliance Review prior to completing a Compass Coming Soon, requesting/installing a sign, or entering the listing into the MLS.
Pre-Closing
Following the completion of all contract contingencies, UPLOAD the remaining compliance documents to the file. *If earnest monies are held with Compass, you are responsible for requesting your Escrow Release one week before settlement. If your deal is terminated, submit the Termination & Release Request to the transactions team.
Under Contract
Congratulations! All contracts including incoming referrals should be submitted within 24 hours of execution via Business Tracker. If listing, convert the listing to a transaction and upload Agreement of Sale (AOS) and supporting compliance documents for review. Also please include external referral and W9 if applicable to your file.
Payment
Once your transaction closes, please upload a copy of the final executed ALTA and complete the Commission Request via Business Tracker to indicate the allocation of funds. Once we have received BOTH your Commission Request submission AND a compliant file is approved, funds will be disbursed via direct deposit.