When you have an executed offer or lease you can complete the Commission Disbursement Agreement (CDA) or Lease Invoice depending on your deal type.
How to Set the CDA/Invoice to Automatically Trigger on Deals
If you are a Team Admin of a Jointly Business Account you can also configure this task to prepopulate in your agent's task list once a deal is executed by configuring it in your team's Default Documents. See instructions here.
How to Add the CDA/Invoice
If your CDA/Invoice is not already in your task list, click the Add Document button from your Contract or Lease Tasks page and search for the Commission Disbursement Authorization or Commission Lease Invoice depending on your deal type from the forms library.
Completing the CDA/Invoice
Click on the document in your tasks to complete it.
Go through each section and SAVE the information to move to the next section.
On the Financials section, the Settlement Charges will be who is paying the commission (Seller, Buyer, Listing Broker or combination of all). Click the pencil icon to edit the amounts/people. Click the trash can to remove parties that aren't paying. Click Add row to add another charge.
The Payouts section is who is receiving the commission and these amounts need to match the Settlement Charges. Edit the section to enter amounts. If they don't match, you will see an error notice.
Send CDA or Invoice to Your Broker for Signature
After you complete the CDA or Invoice it will be ready to assign to your Broker for signature in your Contract or Lease Tasks folder. Click Assign.
Email CDA or Invoice to Title or Leasing Company
Once you have drafted and had the CDA or Lease Invoice authorized by your Broker, the document will be completed in your Contract Documents or Lease Documents pages depending on your deal type.
To send this document to your Title or Leasing Company, draft an email and include the document as an attachment.
