lpt Realty, LLC is committed to helping lptR Members receive commission payments quickly. Prior to
disbursing commissions, our focus is on ensuring a smooth and compliant process. Before funds are released to an agent, (i) lptR takes the necessary steps to confirm that all documents are in compliance with local regulatory standards, and (ii) the appropriate funds related to transactions are received. Recognizing the unique circumstances in paying lptR Members in Single Check States, lptR has implemented multiple options for members to expedite lptR’s receipt of appropriate funds in a transaction to ensure flexibility and speediness in the commission payout process for its members.
These four (4) options include:
OPTION #1: Deposit check into JPM Chase Mobile App
lptR Member may personally deposit appropriate funds made payable to lptR by depositing said funds into lptR’s
Business Account at the following Financial Banking Institutions:
▪ Chase Bank App: Agent must Opt-In via the Commission Concierge Portal in Connect. This is a Multi-
Level Authorization Process. This takes 24-48 hours to complete.
***For speedy payment, lptR Member must notify lptR when funds are deposited by submitting a Ticket with the deposit slip through lptConnect.***
OPTION #2: Deposit check into lptR’s Bank Account at Local Bank
lptR Member may personally deposit appropriate funds made payable to lptR by depositing said funds into lptR’s
Business Account at the following Financial Banking Institutions:
▪ Chase Bank: 556229071
▪ Truist Bank: 1100022573754
***For speedy payment, lptR Member must notify lptR when funds are deposited by submitting a Ticket with the deposit slip through lptConnect.***
OPTION #3: Closing Company Overnight Appropriate Funds to lptR
lptR Member may request that Closing company overnight appropriate funds (at own expense) to lptR’s
corporate office at 1400 S International Pkwy, Suite 1020, Lake Mary, FL 32746
OPTION #4: Closing Company Wire Transfer Appropriate Funds to lptR
lptR Member may request that Closing Company wire transfer (at own expense) appropriate funds to lptR. Below conditions must be met in order for lptR to authorize Closing Company to disburse funds to lptR via wire transfer.
a) Complete transaction file is approved by compliance at least 48 hrs before closing;
b) Closing Company must execute lptR’s Wire Transfer Safeguard Agreement available at
lpt.com/wireform;
c) lptR Member must request for lptR to authorize Closing Company to wire funds at least 48 hrs before closing
by submitting a ticket through lptConnect with executed Wire Transfer Safeguard Agreement; and
d) $30 Wire Risk Fee will be added to the final settlement statement as a cost to the lptR Member.