Agent Commission Payment Timeline
Agent Commission Payment Timeline
The timing of your commission payment after a property closes depends on two things:
1️⃣ How Dalton Wade receives the funds, and
2️⃣ How you are set up to receive your payment.
How Dalton Wade Receives Funds
1. Wire or ACH Deposit - Fastest method Funds are treated as cash, so there is no bank hold. Payments can be processed as soon as your loop is approved and CDA is signed.
2. Check or E-Check - Subject to a 4 business-day bank hold starting the day we receive and deposit the check. If the check is mailed, add mailing time plus the 4-day hold before payment can be released.
How Agents Receive Their Payment
1. Pick Up Check From Title (Where Permitted) -Fastest overall option. (CDA must be approved by broker and given to title prior to closing)
You receive the check immediately at closing and can deposit it right away.
2. Direct Deposit - Funds are sent once everything has cleared. Allow 1–2 business days for bank processing after the deposit is initiated.
3. E-Check - You’ll receive a link to download and print the check once funds are clear. Deposit via mobile app or in person.
4. Paper Check by Mail - Slowest method.
Delivery time depends on postal service speed before you can deposit it.
Important Reminder
Your loop must be fully approved and your CDA signed by accounting before any payment can be processed.
Submit early to avoid delays.
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CDA & Paid at Closing Guide
To sign up for our next Commission Disbursement Authorization (CDA) Training, please register here.How do Agents Get Paid?
Agents are typically paid at closing, meaning the title company pays them on Dalton Wade's behalf. However, for this to happen, the agent's Dotloop file must be complete and approved so a Commission Disbursement Authorization (CDA) can be issued. ...Commission Disbursement – Alabama & North Carolina
Commission Disbursement – Alabama & North Carolina Due to updated guidance, commission payments for transactions in Alabama and North Carolina must be paid to the brokerage, not directly to agents at closing. The closing agent may: Wire commission ...E-Check Process
In certain situations, agents may not be able to be paid at closing by Title (such as with new construction, when an agent has not submitted their file, or if a file is incomplete). In these cases, Dalton Wade will disburse funds via e-check. ...Commission Check Deposit (All States)
Agent Commission Check Deposit Instructions Chase Bank - Checking/Operating Account - DALTON WADE, INC. Account # 707211598 Routing # 267084131 (ACH) 1. Deposit at any Chase Bank branch near you. 2. Capture a photo of the commission check received ...