What Qualifies as Closing Documentation?

AVERAGE PROCESSING TIME: 

2-3 Days

HOW TO SUBMIT CLOSING DOCUMENTS:

Email all closing documents to docs@opcity.com. To ensure receipt, please:

  1. Submit closing documents in PDF format
  2. Include the address and Transaction ID in the subject line of the email
  3. CC: the closing agent

WHAT TO SUBMIT

Buy/Sell Transactions

Closing documentation should (1) be from a third-party source (cannot be an internal document) and (2) include commission data. Examples of acceptable documents include the following:

  • Sell-side closing statement (e.g. ALTA or HUD statement)
  • Buy-side closing statement (e.g. ALTA or HUD statement) + Commission data*
  • Bill of Sale/ Lease Agreement + Commission data*
  • MLS Sheet

*If the closing document provided does not include commission data, we will need an additional third-party document to verify commission. Examples of acceptable documents include the following:

  • Broker commission check(s) showing gross commission
  • Escrow letter stating gross commission paid to the broker
  • MLS Sheet with commission data

Leases/Rentals

Please submit both:

  1. Lease Agreement/ Rental Contract or MLS Listing
  2. Broker commission check(s) showing gross commission

No Commission Received?

If the closing agent did not receive any commission for assisting with a rental, please also submit one of the following:

  1. An email or document from the leasing agency stating that there was no commission paid
  2. MLS Sheet showing no commission was paid