Commission Disbursement – Alabama & North Carolina

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 funds to the brokerage, or

  • Issue a check payable to the brokerage (depositable into the Chase account)

Once funds are received, the brokerage will disburse commissions to agents in accordance with standard brokerage procedures.

While some agents may have experienced different processes in the past, prior practices are no longer permitted under current guidance.

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