What is cda in real estate? Complete Guide

What is cda in real estate?

Commission Disbursement Authorization (CDA) is a tool that allows real estate agents to request and receive payments for commissions earned. The CDA process is simple and efficient, providing many benefits for both agents and their clients.

CDAs are typically used when an agent has earned a commission but has not yet been paid by the broker. The agent can use the CDA to request payment from the broker, and the broker can then approve the request and release the funds.

This process is often faster and more convenient than going through the traditional invoicing process. CDAs can also be used to request advances on commissions. This can be helpful if an agent needs access to funds before the actual closing date.

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