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When considering the escrow process, the real estate broker receives a commission check from the title company at what time?

asked
User Chgsilva
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1 Answer

2 votes

Final answer:

In real estate, a broker receives the commission check from the title company after the closing of the escrow process, when all terms are met and the sale is recorded.

Step-by-step explanation:

When considering the escrow process in real estate transactions, the real estate broker typically receives the commission check from the title company after closing has occurred. This means all the terms of the purchase agreement have been met, all the necessary documents have been signed and exchanged, and the sale has been officially recorded. It's only after these conditions are satisfied that the neutral third party (the escrow agent) will distribute payments – including the real estate broker's commission as part of the disbursement of funds.

answered
User Provisota
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