Brokerage Statement Requests for Closings

As part of updated procedures following the NAR Settlement (8/17/24), we are required to provide detailed documentation for both listings and buyer closings to show how buyer agents are being compensated and where the funds are sourced. This ensures transparency and accuracy in your payments at closing.

What You Need to Do:

5 business days prior to your closing date 

1. Complete the Brokerage Statement Request Form:

   • The brokerage statement request is in the Kale Realty library in Skyslope Forms..

2. Attach the Completed Form:

   • Assign the form to the corresponding SkySlope checklist for your transaction.

3. All documents must be attached (assigned) to your checklist before your brokerage statement will be issued.

   
   

If an expedited brokerage statement is required (less than 5 business days prior to closing) a $250 fine will be assessed. 

What Happens Next?

Once submitted, Rob will receive your request, process it, and produce the Brokerage Statement. You can then share this statement with the real estate attorneys or title company involved in the transaction.

Why This Is Important:

This process is essential to comply with updated regulations and ensures you are paid accurately at closing. Your cooperation is greatly appreciated as we continue to adapt to these industry changes.

Here is a video to show you how to submit the brokerage statement

If you have any questions or need assistance with SkySlope, feel free to reach out to the support team. Thank you for your attention to this matter and for ensuring a smooth closing process!