Closing, CDA & Payment Process (Stages 4–8)

Overview

Stage 4: Final Compliance Audit (Pre-Closing)

1. A few days before closing, Abby reviews the SkySlope file:
• Abby confirms all documents are uploaded
• Abby verifies contract accuracy
• Abby ensures all compliance requirements are met

2. Abby approves the file for CDA creation.

• The agent is responsible for ensuring the file is 100% complete. Abby cannot create the CDA without this.

• Failure to complete or submit all required documents may result in delayed disbursement of funds.

Stage 5: CDA Creation

1. Abby creates the CDA (Commission Disbursement Authorization) in SkySlope.

2. Ensures all information is accurate:
• Purchase price
• Commission amounts
• Property details
• Title company information

3. Sends the CDA to the Finance Team for review.

• Agents do not create the CDA.

• All payments and invoices are based on this document.

Stage 6: CDA Validation, Invoice Creation & Submission to Title

1. The Finance Team reviews the CDA and:
• Confirms agent commission splits
• Verifies cap/progress
• Validates all financial details

2. Finance Team signs the CDA.

3. Finance Team sends the CDA to the title company to request payment.

4. Finance Team creates the invoice in the Relive App:
• The invoice is based entirely on the approved CDA

• The Finance Team is responsible for sending the CDA to the title company. It is important to note that ALL COMMISSIONS MUST BE DISBURSED TO RELIVE REALTY, and agents cannot receive direct payment from the title company under any circumstances. Additionally, the invoice will match the CDA exactly, as it serves as the single source of truth for all financial details.

Stage 7: Commission Payment to Agent

1. The Finance Team waits for the title company to send funds to the brokerage.

2. Once funds are received, the Finance Team:
• Confirms payment
• Matches the payment to the correct deal and agent

3. The Finance Team pays agent commission within 48 hours.

4. The Finance Team notifies Abby that the deal is ready for archiving.

• Payment timing depends on:
• Title company processing
• Accuracy of the CDA

• Incorrect or missing information may delay payment.

Stage 8: Deal Archiving

1. Abby marks the transaction as Closed in SkySlope.

2. Abby archives all relevant documentation.

3. Abby preserves the full compliance history of the transaction.

• This is the final step of the transaction lifecycle.

• Ensures full audit trail and compliance recordkeeping.