If eXp Realty doesn’t hold the deposit, payout can take longer as we are waiting for the other brokerage/lawyer to mail the cheque to us. To speed up the process, you can call the Buyer lawyer office/other brokerage and inform them you will be picking up the cheque. Pick up the cheque and deposit using FTNI and you will be paid a lot faster!
If a cheque is received from someone other than your clients (ie: parents of the client), you will need to FINTRAC the person that provided the cheque and also ask if they are a 3rd party to the deal. Add them as a 3rd party on FINTRAC if they are.
All received cheques must be deposited within 24 hours of acceptance. Please use the ETran Mobile by FTNI app as your primary option.