Instruction to Pay Commission - Real Estate
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Important Info & Procedure
- The “Instruction to Pay Commission” form, generated by the Escrow Company, must be promptly submitted to the broker for approval at the onset of the escrow process.
- All documents pertaining to broker commissions, including any amendments, necessitate approval and signatures from the broker’s office exclusively.
- Please be aware that the minimum requirement for company funds must align with the figures specified in the Compensation Exhibit.
- It is imperative to maintain a buffer of at least $1,000, in addition to the company funds, which should cover any applicable fees outlined in the Fee Schedule.
- Upon completion of this request, notification will be conveyed directly to the escrow entity via email.
- To remit the final broker commission, the established protocol mandates that it be wired directly to the office. Agents are strictly prohibited from either picking up or personally delivering these funds.