Registered buyers can now conveniently request a Statement of Account for their real estate units through the Escrow Management System, using the Inquiry About Deposits – Registered Buyer Escrow Payment service. This allows buyers to access official records of their financial transactions and payment history.

You can initiate the request by following these steps:

• Log in to ADREC
• Navigate to the Services menu on the homepage.  
• From the services list, choose Escrow Management System.   
• Select Inquiry About Deposits –Registered Buyer Escrow Payment from the submenu and click Initiate Service.
• A new screen will display various projects. Select the project that contains your property(ies), then click Proceed.
• Choose the unit(s) you want to inquire about, then click Add Selected.
   

Note: If selecting multiple units, they must belong to the same project.
 

• A new screen will display the following details:

1. Property Details
2. Project Details
3. Developer Information
4. Owner Details
5. Escrow Account Information

• Review the information, then click Submit.

Approval Flow
 

If the Buyer is a Company:

• The application is sent to the Company Signatory, who can:
  • Approve
  • Return (with reason)
  • Reject (with reason)
• Once approved by the signatory, the application is sent to the Bank.
  
  

Bank Review Process

1. The Bank Maker receives the application and may:
   • Reject (with reason)
   • Return to the buyer (with reason)
   • Approve
2. If Approved:
   • The bank maker uploads deposit details:
     • Payment Date
     • Amount
     • Cheque Reference Number
     • Value Date
     • Transaction Type
     • Description
   • Clicks Next and reviews the application.
   • Clicks Submit to send it to the Developer.
     
     

Developer & Final Bank Review

• The Developer reviews the application and can:
  1. Approve and click Submit to forward it to the Bank Checker.
  2. Return it with a return reason.
• The Bank Checker may:
  1. Reject (with reason)
  2. Return to the buyer (with reason)
  3. Approve – application becomes ready for payment.
     
     

Final Steps

1. The Buyer receives a notification that the report is ready for payment.
2. Click Review Application, then Proceed to Payment.
3. Choose your preferred payment method and click Pay Now.
4. Once payment is completed:
   1. The Statement of Account is successfully issued.
   2. You can download both the certificate and payment receipt.