The Commission Disbursement Authorization (CDA) is a critical document that outlines the financial details of a real estate transaction. It includes the relevant parties, sale information, and precise instructions for disbursing commission payments. CDAs help ensure you get paid accurately and on time.
Below is a breakdown of what to expect on your CDA when working with Radius.
CDA Layout Overview
Top Left Section: Transaction Details
Property Address
The exact address of the property tied to the transaction.Seller Name
Identifies the individual(s) selling the property.Buyer Name
Lists the party purchasing the property.Sale Price
The final agreed-upon price, used to calculate your commission.Escrow Company
The organization responsible for holding and disbursing funds.Escrow Agent
Your point of contact at the escrow company.Escrow Agent Email
Contact email for the named escrow agent.
Top Right Section: Representation & Commission Info
Close Date
The date the transaction is officially completed. Commissions are disbursed based on this date.Representation
Indicates whether you represent the buyer, the seller, or both.Seller Agent
The agent representing the seller in the transaction.Buyer Agent
The agent representing the buyer in the transaction.Compensation
Displays the total gross commission for the transaction.
Disbursement Instructions
The bottom half of the CDA contains a disbursement table, showing how the commission will be split and the exact dollar amounts each party will receive.
Radius’s portion may include:
Brokerage Fee/Split
Audit Fee
Errors & Omissions (E&O) Insurance
Outstanding Subscription Fees (as outlined in your ICA)
Example:
If the agent is on a 90/10 split, Radius will receive 10% of the gross commission, plus a $125 audit fee. If a $500 TC fee applies, it will be paid directly to the TC. The remaining balance is disbursed to the agent.
Additional Information
Beneath the disbursement breakdown, you’ll also find:
Date and Approval Signature
Completed and signed by Radius’s lead auditor upon issue.Escrow Contact Info
Includes a phone number for wire confirmation, corporate mailing address, and email for additional communication.
⚠️ Important Note:
Radius only accepts wire transfers for all transaction types except leases and referrals. Checks are not accepted for purchase or sale transactions.