Common Compliance Mistakes

Avoid these common compliance mistakes to prevent delays in payment:
  • Not including a team split / team name on intake form
  • Not submitting for review
  • Not updating closing date on Dotloop
  • Transaction fees on intake form not matching disclosure
  • Inputting the wrong commission split
  • Missing the information for who is holding escrow
  • LPT DOES NOT HOLD ESCROW 
  • Referral agreements not being fully executed
  • Unsigned team agreements
  • Missing transaction coordination fees and how they will be paid
  • Unsigned cap agreements
  • Incorrect email for title
  • Missing signatures