Pay at Closing vs. Pay at Remaining

The Disbursement Card on the Edit Deal Page provides two options for calculating who will disburse the commission: Pay at Closing and Pay at Remaining. The Commission Plans will determine which one will default into the Disbursement Card within the Deal.

 

Pay at Remaining (Brokerage)

Utilizing Pay at Remaining, the Brokerage will disburse the commission to all parties.

  • The CDA will display the total amount to be disbursed to the brokerage.
  • The Payouts/Closing tab will calculate the total amount in Confirm Payments.
  • The Payouts/Remaining tab will calculate the disbursement amount to the agent.

 

Pay at Closing (Title/Escrow Company)

Utilizing Pay at Closing, the Escrow/Title company will disburse the commission to all parties.

  • The CDA will display the amount to be disbursed to both the brokerage and the agent.
  • The Payouts/Closing tab will calculate the amount due to the brokerage.
  • No items will be in the Remaining tab since the Escrow/Title company will be disbursing.

 

View Pay at Closing/Remaining

  1. Navigate to the Edit Deal Page for a specific deal.
  2. Scroll down to the Disbursement Card.
  3. The agent card(s) will display Pay at Remaining or Pay at Closing.

Pay at Closing Remaining.png

 

Updating Pay at Closing/Remaining

  1. To update, click on Pay at Remaining or Pay at Closing.
  2. Select the new option based on how funds are going to be disbursed.

 

Pay at Closing — Two Different Methods

Curious about what the different suitcase 🧳 colors mean for Pay at Closing? Click here to learn all about it!

Pay at Closing.png

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