The core difference is active follow up
Contract to Close provides active transaction coordination and follow up throughout the transaction. Compliance Only is limited administrative support focused on the documents the agent provides.
Contract to Close
Breakaway stays involved after the file is opened. Our team tracks critical dates, communicates with the required parties, follows up for outstanding items, prepares requested addendums from the agent’s instructions, coordinates signatures, and continues through closing.
Compliance Only
Breakaway reviews the documents provided, uploads compliant documents to the applicable brokerage compliance system when permitted, and identifies missing documents, signatures, initials, or deficiencies. The agent remains responsible for resolving those items.
What the agent keeps under Compliance Only
Compliance Only does not include obtaining or resolving the items identified in the review. The agent manages the follow up, gathers corrected or missing documents, communicates with the transaction participants, and stays responsible for deadlines and next steps.
- Obtain missing documents, signatures, initials, and information.
- Resolve deficiencies identified during document review.
- Manage communication with clients and transaction participants.
- Track deadlines and complete the administrative follow up.
- Return corrected or completed items for the applicable brokerage process.
When Contract to Close may be the better fit
Contract to Close may fit when the agent wants an experienced team to carry the administrative coordination from the fully executed contract through closing. It is designed for agents who want support to keep following up, communicating, and organizing the file as the transaction progresses.
When Compliance Only may be enough
Compliance Only may fit when the agent already has a consistent transaction process and enough time to handle follow up, communication, and deadlines, but wants help reviewing and organizing documents for the brokerage file.
A simple way to decide
If you only need someone to review the documents you provide and tell you what is missing, Compliance Only may meet the need. If you want a team to help obtain the missing items and keep the administrative work moving through closing, Contract to Close is the more complete service.