How to Request a CDA
Create a Complete Skyslope File
In order to request a Commission Disbursement Authorization (CDA) to send to the title or closing company, you must have your SkySlope file completed with accurate and compliant information and documents.
During the transaction process, you will be uploading documents required for the file type selected for the transaction. Your CSS (Compliance & Settlement Specialist) and Managing Broker will be working on reviewing your uploaded documents.
The Broker Staff Creates the CDA
A week or so before closing at the latest, your file will be reviewed for compliance and the CDA will be generated. Be sure you're periodically checking your Skyslope file for notes from your CSS or Managing Broker on missing, incomplete or non-compliant items so the DA can be issued in time for the closing.
Once your file is approved as complete and compliant, your CSS will initiate the eXp Realty Disbursement Authorization to the title or closing company you have entered on the Contacts tab in SkySlope.
The CSS will also simultaneously be sending a copy to you at the same time they send to title/closer.
*YOUR CPS & BROKER REVIEW FILES BASED ON THE CLOSING DATE THAT YOU ENTER IN SKYSLOPE.
**BE SURE TO UPDATE THE CLOSE DATE IF IT CHANGES DURING THE TRANSACTION.
Each state has it's own compliance staff.
In Texas, if you have a question for your CSS or Broker about your file, OR if the file is due to close and you have not received a Disbursement Authorization, please send an email request to:
firstname.lastname@example.org - or - visit the Texas broker room
You can see your CDA once completed on the CHECKLIST tab in Skyslope
Reading Your CDA
You should get a copy of the CDA via email from the transaction coordinator that they send automatically to the title company.
As a backup, I would also forward the email with the CDA attached to the title company. You will also need to tell the title company how to pay you whether it's via wire or sending a check to your address.
Below, you will see a copy of what the CDA looks like in Texas and you can check the numbers to make sure it makes sense.