Escrow Disbursal Request

Your name:       

Your e-mail:       

Property Address: 

Buyer/Lessee:

Seller/Lessor:

File Title: Instructions

Transaction type:

Sale
Lease

Your Role:

 Selling Agent
 Listing Agent
 Both Sides

Closing/Move-In Date

Other agent (if any):

Other Brokerage Name and mailing address:

How deliver the checks?

 Give them to me, I will deliver them
 Leave in pickup box for other agent
 Mail them to other broker
 Other (explain below)
 

In checking off this box you are certifying to management that you have personally verified the correct commission arrangement by reviewing the listing agreement on file with the company (if our listing) or the MLS printout if offered by a cooperating brokerage.

I have reviewed the listing agreement or MLS output if listed with another brokerage. The commission rate payable/due is:
 3% to Buy the Beach
 5% to Buy the Beach
 6% to Buy the Beach
 ½ Months rent to Buy the Beach
 1 month’s rent to Buy the Beach
 10% to Buy the Beach
 Other (explain below)

Are any further payments due to Buy the Beach Realty from any parties?
Yes No 

This would include, for example, commission balance checks from owners in rental transactions, further payments of move-in money on rentals etc. You do not need to include funds that are to be paid directly to someone else, such as to a condo association etc. If you answer “Yes” to the above question, then please indicate amount, source and type below:

Amount: 
Source:
Landlord:      Tenant:        Other 

Are any referrals due to any outside parties,  brokers, relocation companies?
Yes  No 
If  so, please indicate amount or percentage:   

Payable to whom?
(if to an agent, give name of his/her Brokerage): 

You should verify this by reviewing the deposit(s) in the file.

If you have done this and are confused about the amount we are holding, email David at buybeach@buybeach.com

Amount in Escrow:

Sale Price or Lease Value:

Indicate Payee and Amount for each Trust Check below:
These are the checks from our trust account to parties in the transaction such as the settlement agent, our company, a cooperating brokerage, the seller, the landlord, the other broker etc.

Do not include your commission check paid to you by Buy the Beach Realty here. It is not paid directly from Trust. What does belong here is:

	checks to participants in the transaction such as Landlords or Sellers.
	Funds payable to closing agents
	Funds payable to Brokers (including Buy the Beach Realty) for all or part of Brokerage fee to be paid from Escrowed Funds.

The total of all the checks requested should equal the amount  in escrow for the transaction. If not, use the Comments/Notes fields to explain why not.

Amount $:

Payee:

Comments/Notes:

Sales: You are responsible to verify the amounts and payees above by reviewing the disbursals with the Settlement Agent

Rentals: Review Rental Disbursals for legal requirements, review and confirm with Listing Agent if co-brokerage transaction.
Yes, I confirmed amounts and payees.
No, I want a $50.00 fine deducted from my commission!

Have you confirmed the disbursals with settlement agent or co-broker?

Indicate name, company name address and phone number of Settlement Agent (if a Sale).

Settlement Agent also called Closing Agent is the attorney or Title Company responsible for holding the closing and preparing the Settlement Statement (HUD-1).