As a real estate agent, regular cash flow is key to your success. Unfortunately, however, sometimes there’s an overlap between selling a home and receiving the commission check and being left without funds to cover fees, expenses or personal needs. To stay afloat during this period of uncertainty, many realtors turn to commission advances – in this article we’ll examine what they are and how they work, while offering some tips that might help find you the most appropriate provider.
What Is an Advance on Real Estate Commission? A commission advance is a solution designed specifically to allow real estate agents to sell part of their future earnings to an intermediary company in exchange for immediate cash. The process resembles other cash advances such as probate or employment check cash advances; however, its purpose is tailored towards real estate transactions. In order to qualify, home sales must have taken place or closed pending or closed and have signed contracts between buyer and seller with terms established by the commission advance provider; its amount depends upon your circumstances as well as terms set by each commission advance company offering commission advances.
Commission advances are an ideal option for realtors who need a bridge between sales and income; their quick application and quick approval time make them accessible when opportunities arise to expand your team or invest in marketing campaigns. A commission advance makes the perfect way for real estate professionals to quickly secure financial resources to seize opportunities as they arise and grow their business.
Costs associated with commission advances vary based on your desired loan amount, the length of your contract term and fees charged by the provider of this form of finance. When making this choice, be sure to select an upfront provider with transparent fee structures so you can make an informed decision as to whether this type of finance meets your needs or not.
As you weigh your options, reading reviews on various providers is also helpful in getting an understanding of their experiences, fees and overall satisfaction of other realtors who have used this type of financing. By taking the time to conduct extensive research on commission advance reviews, you can locate an option that best meets your needs and help to secure long-term financial security. With the right information, you can be confident that a commission advance is an investment worth making for your real estate career. For more information about how you can use this powerful tool, contact Commission Express now and our knowledgeable representatives would be more than happy to answer any of your queries and assist in growing your business and creating financial stability for yourself and your clients.