REQUIREMENTS FOR PREFERRED CLIENTS TO RECEIVE
AN “ACCELERATED COMMISSION” PAYMENT
Commission Connection’s service enables real estate professionals to accelerate the payment of commissions from pending residential contracts. Contracts must be scheduled to close within 90 days for re-sales or 60 days for new construction. Contracts must have any major contingencies or conditions met and the buyer(s) must be pre-qualified to purchase the property under contract.
To accelerate your commission(s), there are 2 easy steps.
Simply complete the Brokerage Approval of Commission Assignment, have the broker-in-charge
approve the transaction, and fax in with the following supporting documents for “Accelerated
Commission” approval.
Supporting Documents
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Copy of Accepted Contract of Sale
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Listing Agreement or Buyer’s Representative Agreement
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MLS Printout of contracted property
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Bank approval letter or Pre-approval letter
Once all paperwork is received, processors review and approve acceptable commissions.
Upon approval, the agent is faxed a Commission Assignment Agreement. This document
summarizes the contract submitted and the terms of the “Accelerated Commission”. Once
approved by the agent, the “Accelerated Commission” payment is funded and sent overnight
to the brokerage for distribution to the agent.
* “Accelerated Commission” payments may be limited due to commission structure, contracts, volume, and earnings statements.
Necessary Documents
To ensure quick processing, download and complete the Brokerage Approval of Commission Assignment and fax to 864-271-8889. If you need the form faxed to your office, please call 1-800-486-1025 and leave your name and faxed number.
