STATE REQUIRED DEADLINES TO UPLOAD SIGNED CONTRACTS . . .
All SIGNED Listing Agreements & Mutually Accepted Offers MUST BE UPLOADED WITHIN 2 BUSINESS DAYS (5 business days in CA). *Signed Contracts uploaded late may incur Administrative Late Fees ($100, plus $50 per day until uploaded into the file).
2 WAYS TO GET PAID . . .
OPTION #1 . . . Escrow can send Commission check to the Corporate Office for disbursement after the Transaction File has been complete.
OPTION #2 . . . If ALL Checklist items are completed at least 8 days before closing (BEFORE THE BROKER DEMAND IS SENT TO ESCROW), your Commission can be paid through Escrow at closing.
PLEASE ENTER ALL INFORMATION THAT AFFECTS THE COMMISSION IN THE "PRS COMPENSATION SUMMARY" TASK IN YOUR PENDING CHECKLIST.
**It is very important to double check and update this PRS COMPENSATION SUMMARY Task prior to the CDA being generated for Escrow, to ensure it incudes everything that needs to show for your accurate Compensation Distribution instructions for Escrow**
PLEASE NOTE: Once the Broker Demand has been sent to Escrow (7 days before closing), Revisions can ONLY be done for changes to price, credits or commission amounts. Files completed AFTER Broker Demand is sent must be paid out on Option #1 above.
THE CORPORATE OFFICE SENDS ALL BROKER DEMANDS. PLEASE DO NOT SEND ANY KIND OF COMMISSION INSTRUCTIONS OR FORM 40's to Escrow.
PLEASE HELP OUR ACCOUNTING SYSTEMS WORK . . .
**IMPORTANT: OUR ACCOUNTING DEPARTMENT CANNOT ANSWER QUESTIONS about transaction files** and is NOT authorized to Revise Broker Demands on files that were not yet completed when the Broker Demand was sent to Escrow. If you have any questions about your file, or about why a Commission Check is being sent to the Corporate Office, please contact your Managing Brokers. Thank you for your understanding! ;)
**FOR HELP WITH CHECKLIST ITEMS OR FILE QUESTIONS, CONTRACT OR LEGAL QUESTIONS . . .
Please contact your Managing Broker. See our Broker & Staff Contacts list at Welcome.PRSmoves.com/Contacts.