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The operations of Got Transactions (GT) are detailed below:
 

1. Submission and Assignment

  • You will submit your agreement via their website https://www.gottransactions.com/kw-transactions.

  • After submission, you will receive an email with a link to fill out your access information.

  • A Transaction Coordinator (TC) will be assigned to you.

  • Note: You must submit an executed listing agreement (seller/landlord) or buyer representation agreement with an executed contract (buyer/tenant). GT will not draft these.

     

2. MLS Drafting Process

  • If the listing date is within a week, GT will draft your MLS within 48 hours and send you a draft.

  • If you choose to use Good Karrot, GT will schedule a photoshoot.

  • Upon receiving photos, GT will provide photo descriptions for the best photo of each room.

  • Approval is Required: GT cannot activate your listing without your approval, you must verify the MLS details for accuracy.

  • Note: Adding open houses and updating MLS statuses (e.g., price or status changes) after the listing is active is not included in the free services.

     

3. Document Review and Corrections

  • GT will review your documents within two days and send you an update email.

  • Approval is Required: They will handle corrections and draft any missing documents but will ask for your permission to send documents to your clients to avoid duplication.

  • CMA and Net Sheets: GT cannot draft Comparative Market Analysis (CMA) or net sheets— you must provide these to the assigned TC, who will then send them to your client for signature.

     

4. Listing File Submission

  • Once all corrections are made, GT will submit your listing file for approval via Command.

  • You will be notified if compliance is met or if any corrections from the Compliance Team (Marilyn’s team) need to be addressed.

     

5. Going Under Contract

  • Notify GT as soon as your transaction goes under contract so they can start working on your compliance promptly.

  • Note: The status of "approved" in Command does not automatically mean compliance. Any corrections from the Compliance Team must still be addressed.

     

6. Contract Review

  • Upon receiving your executed contract, GT will review the documents within two days and notify you of any corrections or missing documents.

  • Note: Compensation documents must be submitted with an offer; GT will not draft these.

  • Note: GT does not communicate with third parties (e.g., title companies or lenders) as part of their free services.

     

7. Contract File Submission

  • Approval is Required: GT will handle any necessary corrections and submit your file for contract compliance but will ask for your permission to send documents to your clients to avoid duplication.

  • GT will notify you once your file is fully compliant.

     

8. Commission Processing

  • Approval is Required: GT will email you your commission figures. Once approved, they will submit a Commission Disbursement Authorization (CDA) request.

  • Once processed, GT and the Market Center Administrator (MCA) will send you a copy of the CDA.

  • Once you receive the copy of the CDA, please forward it to the title company.

     

9. Closing

  • Congratulations on your closing!

  • Note: If any documents or signatures are still missing, GT will make every effort to bring you into compliance. If there is no response or action from the responsible third party, GT will archive the file after 14 days of follow-up.

 

Throughout the process, timely responses and accurate information will ensure smooth handling of your transactions.

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