Commissions, Transactions, Referrals, Paperless Pipeline...

Transactions, Referrals & Payment Process

Kelly Right Real Estate is dedicated to making the transaction and payment process as fast and efficient as possible.

Please review the sections below on our policies and how to get started with our transaction system.

Paperless Pipeline Information

Paperless Pipeline is our required, secure, and user friendly online transaction system. Log in at www.paperlesspipeline.com.

Title your transaction by the property address.
Do not upload documents requesting Broker signatures. Email them directly to the Designated Broker whose signature you require, then upload them into Paperless Pipeline once they are signed.
Commissions are paid through ACH transfers. Provide the title company with a completed Wiring Instructions or Commission Demand form.
If the title company is unable to wire funds, commission checks MUST be sent to KRRE Headquarters at: Kelly Right Real Estate, 140 S Arthur St #600, Spokane, WA 99202

Transaction File Processing

Transaction file processing normally takes 24 to 48 hours for review.

You will complicate and/or extend the review period (and delay your payment) if you:

Upload documents after the commission has been received
Don’t give notice that you uploaded after the commission has been received
Incorrectly title the transaction file name
Are missing documents
Don’t notify Angela that a requested document has been submitted

If you submit a requested document, review will be postponed until the next business day.

You MUST upload all paperwork in Paperless Pipeline as you receive it, whether it is a referral, new listing, offers, etc. Do not wait until ready to close to upload documents.

This is required by law, and allows the brokerage to keep track of the transaction from beginning to end.

Commission Payments Process

Once Kelly Right Real Estate receives the funds from your transaction, Angela Peterson, our transaction coordinator, checks Paperless Pipeline to ensure the file is complete. She will notify you if anything is missing.

Commissions are paid after the file is processed and complete, and the commission funds from the title company have cleared. Generally, you’ll receive commission payments within 2 business days via direct deposit to your bank account on file.

If you prefer to hire Angela to do the uploading and transaction management for you, she charges a great fee. Find out more here.

Check Cancellation Fees

Wire transfers are strongly recommended to avoid delays.

Checks must be sent to the Spokane office. Checks sent elsewhere will need to be cancelled and resent to the Spokane address or a wire transfer sent. The agent is responsible for check cancellation fees incurred for not providing the correct information.

Referrals Process

Use the Kelly Right Referral Form for referral commissions. There is no field for the signature of the designated broker on the other side, but they can still sign the form if needed.

Instructions:

Fill out our referral form when sending a referral to another company.
For the Broker: Joe Kelly for Alabama, Stefanie Farrel for Florida and North Carolina, Raquel (Ricki) Anaya for Texas and Joe Kelly for all other states. Add (Your Name) as the Agent on the referral's name line.
We prefer wire payment. Supply the other Agent & Broker with our Wire Instructions.
If wiring is not an option, all checks should be made out and addressed to: Kelly Right Real Estate, 140 S. Arthur St #600, Spokane, WA 99202
Open a Transaction file in Paperless Pipeline as a referral with transaction address or client name so when we receive the check at the Corporate office, we have your paperwork.
Upload the Referral Agreement and Final Settlement Statement to complete the file for disbursement on receipt of fee.
*Out of office referrals will require the other referring/or receiving brokerage's W-9.