We support our Agents from Listing to Closing!

Listing Coordination, Deal Input, Deal Review, Closings, Finance
ROYAL LEPAGE® ATLANTIC

Closings

  • Follow up on uncollected commission within 3-7 business days of scheduled closing date
  • Processing Payments within 24 hours of receipt of funds Monday through Friday
  • Respond to any inquiries received within 24 hours of receipt Monday through Friday
  • To process your commission payments!
ROYAL LEPAGE® ATLANTIC

Commission Collection

One of the most important parts of closing a real estate transaction for you as an agent is getting paid. Our team plays a key role in making sure your commission is collected, processed, and paid out.

We actively track all transactions that remain open after the scheduled closing date and follow up as quickly as possible to confirm the status of your commission to keep things moving.

Delivery Method and Standard Timelines

We collect commission at all of our staffed offices by any of the following methods:

  • An agent can have a commission check courier from the lawyers office to the Royal LePage office for a fee. Any charges for courier services will be applied to your Agent Account.
  • An agent can have the lawyer‘s office put the commission check in the mail to be delivered by Canada Post.
  • An agent can pick up the commission check at the lawyers office.

In most cases, we coordinate with the property paralegal to collect commission based on your preference.

In certain circumstances, we may need to override your selected delivery method if the pickup location falls outside regular courier service areas or incurs above-average delivery costs.

Additionally, please note that we may not always have the opportunity to coordinate specific delivery instructions, as some lawyer’s offices automatically send out commission cheques without prior notice or direction.

If you would like to change your current method of delivery, please contact our closings team here (button)

Confirmation of Closing

While the closing date marks the official transfer of ownership from seller to buyer, commission payments and brokerage notifications typically happen only after the closing has actually been completed—not scheduled.

We receive confirmation of closing and notification funds are available when the title is officially transferred.

Remember, closing is a legal process, not just a scheduled date.

We closely monitor all transactions that remain open after the scheduled closing date.

In most cases, we receive notification that a transaction has closed and commission is ready for collection within 5 business days of the scheduled closing date – once the title has officially transferred to the Purchaser.

If we have not received confirmation within that 5 day window, we will proactively follow up directly with the lawyer or outside brokerage to confirm the status.

Transaction Status & Payments

Once commission funds are received, our team records the payment and matches it to your transaction. If all mandatory documentation and information are in place, your commission is processed!

Closed & Compliant 

  • EFT Payment Notification sent for your records
  • Commission and referral payments to co-operating agents have been processed

Closed but Not Compliant 

  • Commission and referral payments to co-operating agents have been processed
  • You will be notified of any missing or incomplete items
  • Once the file becomes compliant, an EFT Payment Notification will be sent

Payment Processing

  • Our Closings and Compliance Officers coordinate notifications and payments automatically.
  • When your transaction becomes eligible for payment, please allow up to 24 hours for processing.

Please allow 24 – 48 hours for the funds to appear in your account. If there are any unexpected delays or errors with your payment, please contact our closing team here.

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