How quickly does Exit disburse commissions due to Sales Representatives after a real estate transaction?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
b) Disbursement. Any monies received on account of commission by Sales Representative from any trade in real estate conducted by the Sales Representative, shall be held by EXIT [Trade Name] in trust and EXIT [Trade Name] shall disperse in a timely fashion directly to the Sales Representative commission due to the Sales Representative in connection with the Transaction Record Sheet completed at the time of closing the transaction.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, Exit disburses commissions to its Sales Representatives in a timely manner. Specifically, Exit holds any commission monies received from real estate trades in trust and then disburses the commission due to the Sales Representative in connection with the Transaction Record Sheet completed at the time of closing the transaction.
This means that Exit Sales Representatives should expect to receive their commissions shortly after a real estate transaction closes and the associated paperwork is finalized. The FDD does not specify an exact number of days for "timely fashion", but it does emphasize that Exit is responsible for ensuring that Sales Representatives receive their commissions promptly after the closing of a transaction.
It is important for prospective franchisees to understand that while Exit aims to disburse commissions quickly, the exact timing may depend on factors such as the completion of the Transaction Record Sheet and the internal processing procedures of Exit. For more specific details regarding the typical timeframe for commission disbursement, a prospective franchisee should ask Exit for clarification during their due diligence process.