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Commission Disbursement Authorization Escrow Company: Address: Escrow #: Escrow Officer : Escrow Phone # : Escrow Fax # : Property Address: Buyer (s) Name : Seller (s) Name : Dual Agent ? Yes: No:
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How to fill out commission disbursement authorization
How to fill out commission disbursement authorization:
01
Start by entering the date at the top of the form. Make sure to use the correct format, such as MM/DD/YYYY.
02
Provide your name and contact information in the designated fields. This includes your full legal name, phone number, and email address.
03
Next, enter the details of the transaction for which the commission is being disbursed. This should include the property address, the name of the buyer or seller, and any relevant identification or reference numbers.
04
Specify the commission amount that is to be disbursed. Clearly state the dollar amount, and if applicable, the percentage or commission rate.
05
Indicate the desired method of disbursement. This could be through a check, electronic funds transfer (EFT), or any other preferred method. If necessary, provide the relevant account details for the disbursement.
06
If there are any special instructions or additional notes regarding the commission disbursement, include them in the designated section.
07
Review the completed form for accuracy and completeness. Ensure that all the required information has been filled out correctly and legibly.
08
Sign and date the commission disbursement authorization form. If applicable, have any other necessary parties sign the form as well.
09
Make a copy of the completed form for your records before submitting it to the appropriate authority or organization.
Who needs commission disbursement authorization?
01
Real estate agents or brokers who have earned a commission for facilitating a property sale.
02
Independent sales representatives who are entitled to a commission based on their sales performance.
03
Individuals or entities who have entered into a contract or agreement that stipulates commission payments for specific services or transactions.
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