Get Commission Disbursement Authorization Form Template

Requests for cash disbursements are any request for payment to be made by check, cash, or credit cards. ... A person may not authorize a cash disbursement to themselves or to a third party for expenses incurred directly by them. In this case, the request must be signed by the individual to whom the person directly reports.

If there's one question on the mind of every real estate agent, it's When do I get paid? Commission disbursement forms, or commission disbursement authorizations (CDAs), allow title companies to cut checks to real estate agents at closing. ... Emphasys makes it simple to create a real estate commission disbursement form.

TREC's forms are public record, so they are available to anyone.

The CDA, or Commission Disbursement Authorization, is a document that can be sent to the escrow company, title company, attorney, or whoever is handling the closing. It gives instructions on how the commission should be dispersed and is essentially a payment request to the closing company.

Disbursement is the act of paying out or disbursing money. Examples of disbursements include money paid out to run a business, cash expenditures, dividend payments, or the amounts that a lawyer might have to pay out on a person's behalf in connection with a transaction. Disbursing money is part of cash flow.

When a title or escrow company is associated with a deal, you issue a CDA to direct the title or escrow company to disburse funds. ... The Commission Disbursement Authorization letter, to send to the title or escrow company. This letter tells the title or escrow company who to write checks to, and for what amount.