File Compliance - Branch Manager Role

File Compliance - Branch Manager Role

Manager must review and approve:

 

  1. All Listing Agreements (paying particular attention to Commission Amounts and if there is Representative Capacity by the Seller).
  1. Listings taken at less than Brokers Customary Commission must be addressed by a Broker Customary Commission Acknowledgement form and/or RCA.
  1. All Purchase Agreements (emphasis on paragraph #2 "Confirmation of Agency" being correct, and Representative Capacity box checked if title is held by an entity).
  1. All Counter Offers.
  1. All Addendums and Amendments.
  1. All Real Estate Transfer Disclosures Statements, Seller Property Questionnaire, and all AVIDs.
  1. Representative Capacity forms (if applicable - need to review Prelim to see if title held by a Trust, LLC, Partnership, or other entity)
  1. All Notices to Perform and Demands to Close Escrow (looking to be sure they were sent within the proper time frames and allow the minimum amount of time to perform).
  1. All Assignment of Agreement forms (when applicable)
  1. Any company participation commission reductions must be addressed immediately upon notification of possible reduction.

Other Company Requirements:

 

  1. All listing agreements must be reviewed within 48 hours of being submitted to SkySlope and/or date listing was taken.
  1. All listings must be fully executed before marketing of the listing begins. Signs will not be ordered unless we have a fully executed listing agreement.
  1. All purchase agreements must be reviewed within 48 hours of being submitted to SkySlope and/or date contract was accepted.
  1. All core broker required documents must be reviewed and accepted in the SkySlope file and appropriate file stage selected no later than 5 days prior to Close of Escrow for agent to be eligible to participate in Same Day Pay.
  1. All cancellations must be reviewed within 48 hours of cancellation.
  1. All closed SkySlope files must be completed and archived within 7 days of COE.
  1. All files, leases, listings, sales, referrals closing dates and expiration dates must be updated regularly.
  1. Manager must review all documents for files where a transaction coordinator is not used.



    • Related Articles

    • File Stages in SkySlope - Definitions

      Transaction Stages File Review Complete-Pending Closing Documentation Final File Review is complete All required documents added to checklist, reviewed, and accepted Funds will be disbursed to agent at close of escrow. File to be archived within 7 ...

    • Commission Closing Workflow Process

      CANCELLED ESCROWS & EXTENDED CLOSING DATES Complete in a timely manner    Cancelled Escrows: Cancel all files in SkySlope and notify our closing department at closings@bhhsdrysdale.com.    Extended Closing Dates: Update all closing dates if close of ...

    • SkySlope 101 - Daily Tasks

      It is part of our job to manage our office’s SkySlope. We will review and manage transactions*, add new agents, deactivate agents, etc.  We will review and manage checklists for agent’s files NOT using Premier Transaction Services. Click here for ...

    • AC Tasks

      As you become more familiar with the systems and agents, you will begin to acquire more and more responsibilities and daily tasks. Please work with your manager on what should be done day to day in your office. Keep notes and edit this page to meet ...

    • Frequently Used Websites

      Below is a list of some frequently used websites you may want to save to your preferred web browser for ease while working.   MyConnect (Drysdale Properties CRM) MyConnect.bhhsDrysdale.com SkySlope (Transaction Management) App.SkySlope.com Resource ...