1-Day Rule for Executed Documents & Broker Review

1-Day Rule for Executed Documents & Broker Review

What is the 1-Day Rule?

  • All executed documents must be uploaded to Command and assigned to their respective Document Slots in a transaction or listing checklist within 1 calendar day of execution.
  • Executed means that all parties have signed.
  • All signatures, dates and initials are to be completed.
  • It is a violation of your fiduciary duties to your client to not provide for broker review of transaction documents as quickly as possible.

Broker is to review executed documents within 3 calendar days.

  • Compliance Manager [or other person assigned by Broker] is to review uploaded documents within 3 calendar days.
  • Documents in each document slot will either be marked: “Approved” or “Rejected.” If Rejected, there will a note explaining what is needed to complete the document(s).
  • If executed documents are not uploaded within 1 calendar day, Broker can not fulfill DRE compliance rules for Broker Review and it may be too late to correct incomplete or missing documents.
in BuyersCommandComplianceListingsOffice Policies