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A deal in myAbode Deals starts when an agent sends the signed agreement to Abby and ends when the agent’s commission is paid. Abby does the first pass on every document, myAbode’s deal experts review the deal, and the agent sees each step as a status.

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The five steps

  1. The agent sends the documents. Forward the agreement of purchase and sale (or agreement to lease, listing agreement and so on) to Abby at abby@myabode.ca, or upload it in the app. See Send a deal to Abby by email.
  2. Abby reads and checks them. She identifies each form in the file, reads the parties, dates, price, deposits and conditions, and opens the deal. She then checks the documents against the requirements for that deal type: missing signatures and initials, missing schedules, dates that don’t match.
  3. Abby asks for what’s missing. If something is missing or wrong, Abby replies to the agent with one clear list. She follows up on conditions, lawyer details, deposit receipts and anything else the deal needs before its deadlines.
  4. A deal expert reviews the deal. myAbode’s deal team reviews what Abby found, approves or returns documents, and handles anything that needs judgment. Abby does not make the final call.
  5. Trade sheet and payout. Once the deal is firm and complete, the trade sheet is prepared and sent for e-signature. After closing, commission is paid out and the agent is notified.

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Deal statuses

Agents see their deals in five tabs. Each one is a stage of the deal. A deal can enter Processing before it is firm. Review starts right away, and lawyer details and fulfilled conditions are collected before the trade sheet.

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What the agent has to do

Most of the time, nothing beyond sending the documents and answering Abby. The deal page shows what is still outstanding and by when. See Track your deals and What Abby needs from you.