WHEN WILL I GET MY CHECK?

Whether you're a Realtor closing a deal or a homeowner selling your property, reaching the finish line is a major achievement. A lot of time and effort goes into every transaction, and the question on everyone's mind is usually: "When will the funds be distributed?" It's a well-deserved payday, and we're here to help you get your closing payout as quickly as possible.

WHEN WILL I GET PAID?

Our goal is always to ensure everyone receives their commission delivery as quickly as possible—often on the exact same day the transaction closes. However, timing can depend on when your closing takes place. Because most banks close by 5:00 or 6:00 PM and remain closed over weekends, late-day or weekend signings can cause minor delays.

With that in mind, here is what you can generally expect for your closing payout or commission delivery:

SELLERS & REALTORS

If you are owed net proceeds from the sale of a house, or a commission as a Realtor, you can usually expect a check to be cut the same or next business day. Of course, if you are out of town, the check will be mailed, so estimate an extra day or two to actually receive it. If you’d like to receive the funds very quickly, it might be a good idea to select a Monday-Thursday closing date. This way you shouldn’t have to wait until the following week if banks or offices are closed.

PAPER CHECK vs WIRE TRANSFER

It is often assumed that wire transfers are faster than receiving a paper check. However, this isn’t always true. Wire transfers sometimes require more verification and approvals (due to cyber fraud) and as a result may even take an extra 24 hours to receive the funds.