TRANSACTION MANAGEMENT

Getting Paid

How to Get Paid

Once the deal closes:

  1. UPLOAD FINAL FILES - Upload a copy of the final executed ALTA to Business Tracker. Make sure all of your documents are uploaded to the correct Checklist Tab in Business Tracker for our Transactions team to review.

  2. SUBMIT CHECKS - Commission checks can be dropped off in our Check Drop Boxes at any of our main offices or wired directly to Compass.

  3. SUBMIT COMMISSION REQUEST via your Business Tracker file.

Direct deposit is the required method of payment. Once you complete your W9- you will receive an email from accounting with instructions on how to submit for direct deposit!

Earnest Money

Compass can hold earnest money deposits for any listing or transaction.

WIRES and Earnest are currently recommended for all EM deposits. Please talk with your clients about this. If they are comfortable with wiring funds, they can confirm the Wire Instructions (see below in the Helpful Links section) with your Transactions Team. 

Release of EM: 

You are responsible to request your Escrow Release one week before settlement. Please have the title company’s wire instructions available.

If your deal is terminated and Compass is holding earnest money, submit the Termination & Release Request to the transactions team. Please have the buyer’s mailing address available if requesting a check, and banking information available if requesting a wire.