SkySlope 101 - Definitions and Requirements

SkySlope 101 - Definitions and Requirements

SkySlope is our transaction management system. All files must be input into SkySlope with all required documents. These are law abiding contracts and must be reviewed by the Business Consultant, Compliance Manager or Transaction Coordinator only.

Agent Concierges are to upload the Listing Launcher into SkySlope and approve it in the checklist. When uploading the Listing Launcher notate that the sign has been ordered or no sign if the agent did not request a sign followed by your initials. i.e. “Sign Ordered Up 2/2 – NKB” or “No Sign – NKB.” Additionally, notate when the sign is ordered down “Sign Ordered Down 2/2 – NKB.” All signs must be ordered down within 15 days of Close of Escrow.

Agent Concierges are to only approve the following documents:


Listing Side:


Listing Launcher – Also need to notate sign up & down with dates

ABA

MLS Printout

California Consumer Privacy Act – CCPA – Seller

Wire Fraud Advisory – WFA – Seller

Fair Housing & Discrimination Advisory – FHDA – Seller


 

Purchase Side:


Buyer Inspection Advisory – BIA

California Consumer Privacy Act – CCPA – Buyer

Fair Housing & Discrimination Advisory – FHDA

Wire Fraud Advisory – WFA

Water Conserving Carbon Monoxide – WCMD

ABA

Water Heater Smoke Detector

For your protection get a home inspection – HID

Market Condition Advisory – MCA

Disclosure Coversheet


 

Commission Demands


When an agent completes the CDR JotForm you will be emailed a PDF of the demand request. Review the CDR to make sure the Sales Price and COE date matches what SkySlope says then upload to the checklist in SkySlope. Any changes to the commission amount or credits that require the broker to participate are required to have additional approval prior to changing the file. Do Not approve, Commissions will approve when they process the demand. For more information regarding the Commission Demands reference Commission Demand Process.

 

Expired


We do not want expireds in SkySlope.


Listings


If you have any expired listings you need to reach out to your agent to find out if the listing has been extended. If it is extended advise the agent to get an extension and update the expiration date in SkySlope. If the listing is expired and the client is not extending the listing, you can cancel/withdrawal the listing.  When you cancel the listing, you will get a pop-up that asks, “Why are you withdrawing this listing?” put the reason the agent gave you, something needs to be there for reason.


Transactions


If you have any expired transactions follow up with the agent to see if there is a new COE date, if so update.

 

Cancellations


If a Listing is cancelled in SkySlope you need to make sure the sign is removed from the property. If a transaction is cancelled and we had the listing, you need to follow up with the agent and find out if the listing is still active our if it cancelled as well. If it is fully cancelled be sure to order the sign down. Cancellations are to be approved by Manager or Business Consultant.  

 


Stages


The stages in SkySlope are to be used so our commissions and accounting department know where the file is in the review process. From the Checklist tab choose the appropriate stage from the pull down. Stages are to be updated by the Business Consultant or Manager at least 48 hours prior to COE. Stages needed for agents to benefit from “Same Day Pay” are either “File Complete-Pending Closing Documents” or “File Complete-Missing Co-Op Items.”

 

Closed but not Archived


Any file that are closed but not yet Archived, need to be archived within 7 days of close of escrow or by month-end, whichever is sooner.  Work with the manager and agent to complete the broker’s file. Making sure it is complete and all items included prior to archiving.

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