Commission processing (for Agents & Brokers)
Overview
This is how Federa processes commissions for closings handled by a title or escrow agent.
Process
Agents and Brokers from their Federa App will follow the transaction prompts to prepare for closing. Through the prompts, an invoice is generated for the closing and sent to the title company. The invoice provides instructions to the title company to disburse commissions directly from closing to the Agent/Broker. Additional instructions are provided on how to remit Federa's portion of the transaction.
What if a change needs to be made after an invoice is generated?
In the event of a change needed on the commission invoice, follow the prompt on your Federa App to regenerate a new invoice. In the event the prompts do not provide the right options for your circumstances, you may create a ticket through the support center.
Check or Wire?
Federa always recommends commissions be processed by wire transfer when possible.
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