Skyslope Doc Compliance System
eXp uses Skylope for compliance to keep track of all transactions. We've gathered the most important "Get Started with SkySlope" guides, so all of the basics are right at your fingertips. There are more FAQ and help items here.
How to Create Transactions in Skyslope
Create a Transaction
You’ll need to create a Transaction within SkySlope when you’re representing the buyer or tenant of a property. When creating your Transaction, you will input some basic information (such as the acceptance date, agreed price, your buyer’s name and contact information, and commission information). Once you’ve submitted this information, you’ll be taken to the Checklist for that file.
Each file has its own Checklist, which is a list of documents that your office has deemed pertinent to the type of file you’re creating (which is based off the Checklist Type you select on the first page of creating your Transaction, such as “lease” or “traditional sale”). The documents on the Checklist that are listed as Required have to be uploaded and submitted for review before your office is able to close our SkySlope Transaction file. The guide linked below will show you how to create a Transaction.
Upload Documents
In each file you create in SkySlope, there will be a list of required documents to be uploaded and submitted to for review. There are a few different ways to upload documents into SkySlope. Take a look at the following guide to see the different upload methods, and give it a shot to determine which best fits your work-flow.
Split & Assign
Sometimes you’ll end up with large packets of documents that are all in a single PDF that need to be split into smaller PDFs and placed on the Checklist. For example, you sent your Listing Agreement, Seller’s Disclosures, and Lead Based Paint Disclosure all in the same DigiSign envelope to be signed. When it’s signed, they’ll all come back as one PDF, but those three documents all have different spots on the checklist. You can use our Split & Assign feature to split them up and assign them directly on the Checklist. Keep reading to learn how.
Quick Skyslope Tip - Split Documents When Uploading
How to Forward Skyslope Emails to Your Transaction Coordinator
stacey.emerson@exprealty.netAdd them as a Forwarding address in Gmail
Click on the settings icon at the top right, then All Settings
Click on Forwarding
Add the forwarding address and submit to them for approval
They need to click the link in the email they receive to give permission to forward emails
Copy and paste this whole text below in the search bar to start the filter:
noreply@skyslope.com OR @skyslope.com OR stacey.emerson@exprealty.netType that into the search bar and hit Enter on your keyboard
Click the filters icon in the search bar
Click "Create Filter"
Choose the Forward to then from the dropdown select your TC
Consider adding a folder/tag for the emails to go into to help keep your email organized
Save the filter and you're done. From now on emails will forward!
Create a Listing
Create a Listing:
You'll need to create a Listing within SkySlope when you're representing the seller or landlord of a property that is for sale or for lease. When you're creating your Listing, you will input some basic information (such as the listing & listing expiration dates, list price, seller's name(s) and contact information). After you've submitted this information, you'll be taken to the Checklist for that file.
Each file has its own Checklist, which is a list of documents that your office has deemed pertinent to the type of file you’re creating (which is based off the Checklist Type you select on the first page of creating your Listing, such as “lease” or “listing”). The documents on the Checklist that are listed as Required have to be uploaded and submitted for review before you’re able to “Accept a Contract” within SkySlope, and convert your Listing file into a Transaction file that your admins can close out. This guide will show you how to create a Listing.
Convert a Listing:
Once you’ve created a Listing in SkySlope and your sellers have accepted an offer on the property, it’s time to convert your Listing into a Transaction. You have to convert your Listing into a Transaction for your office to be able to close your SkySlope file at Close of Escrow. Take a look to see how to properly convert your file.
Learn How to Convert a Listing into a Transaction
Cancel Transaction and Re-Activate Listing:
When you’re representing the seller, sometimes the buyer backs out and you need to cancel the Transaction file. However, since your Listing is still active, we don’t want to cancel the whole file. In this case, what we want to do is cancel the Transaction file and reactivate the Listing file. This will allow us to accept a few offer on the property. This guide will show you how to do just that.
Learn How to Re-Activate a Listing as an Agent
Cancel a Transaction or Withdraw a Listing
Cancel a Transaction
Sometimes, deals fall through. Buyers back out. When this happens, you’re going to want to cancel your Transaction. The guide below will show you how to cancel your SkySlope transaction.
Learn How to Cancel a Transaction
Withdraw a Listing
If you’ve created a Listing within SkySlope that didn’t sell and your sellers didn’t renew the Listing Agreement, most likely you will need to withdraw your Listing. When you withdraw your Listing, it will be moved to a “cancelled pending approval” status, which means you’re waiting for an admin to approve the cancellation and move it into the Cancelled Contracts section of SkySlope. This guide will show you how to withdraw your Listing.
Three Annual Personal Deal Exemptions
Agents at eXp Realty don't have to pay the agency's standard 20% commission on their first three personal transactions each year. (Personal, meaning the agent is the buyer or the seller.)
The $250 transaction charge, $40 risk management fee, and $25 broker review fee are all that an agent will have to pay on a personal buy/sell transaction. Personal leases are subject to a minimum $75 transaction fee.
Only deals in which the eXp Realty agent's name appears on the contract are considered personal transactions.
How to get paid for Broker Price Opinions
A Broker Price Opinion (BPO) is a report detailing the real estate broker's opinion on the property's value. Banks, mortgage lenders, and other financial institutions frequently seek BPOs to determine listing prices for properties, as well as for refinancing, short sales, foreclosure processes, and other purposes.
As part of the BPO procedure, the agent inspects the property and the local market conditions in great detail. They collect data that could affect the property's worth, such as the property's characteristics, recent transactions in the area, neighborhood tendencies, and any special features. The agent then gives their valuation of the property based on this data.
BPO fees at eXp Realty might be modified based on the agreement between the seeking agent and the BPO's eventual purchaser. Each completed BPO report may result in a flat charge for the agent. Payment could also be structured as a share of the client's total fee.
Please enter the transaction in Skyslope in accordance with these detailed guidelines in order to get compensated for BPO services rendered to eXp Realty.