The Book 5-5-16

AGENT COMMISSIONS / CLOSING PAPERWORK / FINANCIAL ITEMS

First Step - your office manager needs this paperwork. It’s important to close out the file in your office and also ensure that the status is changed correctly in the MLS system (if this was your listing). If your closing is being sent directly to the corporate office, please ask for copies to be sent to you or to your office manager. Second Step - once your office manager has what she needs the gross commission check is sent via courier to our corporate office for processing. VERY IMPORTANT: if your file is not complete, if you are missing required paperwork, this will delay the processing of your check. If we do not have a pending form for your file, the corporate office cannot process your check, which will delay your payment. Third Step - closing is received at our corporate office. Our corporate office processes every day. The most important piece of information the corporate office can have is the pending form for your file. This allows us to quickly process the files and agent payments. Payment Options for Commissions 1. Direct Deposit - if you sign up for direct deposit of your commission check, you will receive an email receipt of your direct deposit that will have all information for your payment. This will be emailed to you the morning of your payment. Direct deposit is processed overnight, and posts in your bank account at midnight of the date the closing is processed at our corporate office.

To sign up for direct deposit - please see form at the back of this book and return completed form to the corporate office.

2. Regular check - if you prefer a paper check, this will be sent to you at your office via our courier. This will be sent to you the day after your closing is received in our corporate office.