CANCELLED ESCROWS & EXTENDED CLOSING DATES

1.    Cancelled Escrows: Cancel all files in SkySlope and notify our closing department at closings@bhhsdrysdale.com.
   
2.    Extended Closing Dates: Update all closing dates if close of escrow has been extended and notify our closing department at closings@bhhsdrysdale.com.
   

COMMISSION PAYMENT TO OUR AGENTS

Managers/Business Consultants, Agent Concierges and Transaction Coordinators,

please review pending files frequently to make sure they are complete.

Let’s help our agents complete their files as needed and get them paid as quickly as possible.

Complete Files

1. Files must be complete 48 hours prior to close of escrow.
   
2. Final approval to be done by Business Consultant, Managers or Transaction Coordinators.
   
3. Stage in SkySlope must be noted as either “File Review Complete-Pending Closing Documentation” or “File Review Complete-Missing Co-Op Items”.
   
4. Funds may be wired directly to the agent.
   
5. Check may be mailed to agent’s home address.
   
6. If permitted by the Title Company, agent may pick up check at the title company
   

Note: Nevada offices may have other options

 Incomplete Files

1. Title company will be instructed to send commission checks to the home office.
   
2. Commission check will be released to agent when file is deemed complete by manager.
   

Commission Department’s Role

1. Commission Department relies on the SkySlope “Stages” and will process closing accordingly.
   
2. Business Consultants/Managers will be copied on agent demands.
   
3. Business Consultants/Managers may approve on agent’s behalf if needed.
   
4. Business Consultants/Managers will be copied on demand sent to title.
   

Title Company Instructions

1.  Title companies are instructed to send all closing documents, including copies of ALL commission checks to closings@bhhsdrysdale.com.
   
2. When items are received the Closings Department will review them for accuracy, upload them to SkySlope and close the file.
   

Note: If you receive closing documents and the file has not been closed in SkySlope, forward documents to   closings@bhhsdrysdale.com immediately upon receipt.

Final Closing of Files

1. Closing of ALL files will be handled by our closing department.
   
2. Business Consultant/AC/TC to ensure that SkySlope reflects the correct close of escrow date. Communicate with agents regularly to ensure that we have the correct close of escrow date.
   
3. Closings@bhhsdrysdale.com email address includes all staff members that perform all functions of the closing process. Staff members will seek assistance from Business Consultants, AC and/or TC as needed.
   

Note: When you need to email closings@bhhsdrysdale.com DO NOT include the agent or title.

Final Archiving of Files

1.      Closing department will archive all files provided that all required documents have been uploaded, reviewed and approved. Otherwise, it is the responsibility of the Business Consultant/AC/TC to work with their agents to complete the file and archive it within 7 days of COE.

 Note:  Agent Concierge are responsible for calling all signs down at close of escrow and/or should a file cancel.