Representing Buyers
Once the deal closes, the brokerage receives authorization from the lawyer confirming that the transaction has completed and that commission payment can be released. If the deposit funds held in trust by Pemberton Holmes are enough to cover the full commission, the payout can be processed right away. If additional funds are owed, the brokerage must wait for the lawyer’s payment to arrive before issuing the commission.
After the brokerage receives the funds, a commission cheque is issued. If you’ve opted for electronic funds transfer (EFT), your payment will appear in your account within one business day. For physical cheques, the delivery time depends on the method—urgent courier or pickup requests are typically completed within 24 hours, while standard mail through Canada Post can take one to two weeks. These timeframes are estimates and depend on the lawyer’s office, which determines whether courier or pickup requests can be accommodated.
Before any commission can be released, all required transaction documents must be submitted to the office. Missing paperwork will delay payment, so it’s best to double-check your file before closing.
Representing Sellers
When representing the seller, the lawyer typically holds the deposit funds until completion. After closing, the lawyer sends the commission payment directly to Pemberton Holmes. Once those funds are received, your commission cheque is prepared and released.
Electronic transfers are the fastest way to receive payment, usually appearing in your account within one business day after processing. If you prefer a physical cheque, you can request pickup, courier delivery, or standard mail. Courier and pickup requests are handled as quickly as possible—usually within 24 hours—but these are not guaranteed. Mailed cheques generally take one to two weeks to arrive, depending on postal timelines.
As with buyer transactions, all required documents must be on file before your payout can be processed. Ensuring your paperwork is complete helps prevent delays and keeps everything running smoothly.
In Summary
The payout process at Pemberton Holmes is designed to be efficient, but timing can vary based on how quickly funds are received from the lawyer and which delivery method is used. EFT remains the fastest option, while mailed cheques may take longer. Submitting your documents promptly ensures there are no hold-ups and that you receive your commission as soon as possible.