Cash Advance For Realtors

Since REALTORS® receive their commissions at irregular intervals over the year, they may consider applying for cash advances. While the total income that REALTORS® earn may be relatively stable from year to year, their commissions are paid out when clients choose to close on their real estate transactions. An option available is to apply for a cash advance on forthcoming commissions.

Considerations before Obtaining Cash Advances for REALTORS®

These programs can provide REALTORS® with income before their commissions are paid.

• The REALTOR® must have a completed Agreement of Purchase and Sale for the deal that is earning the commission, as the advance will be based on the commission.
• Like other loan programs, cash advances for realtors accrue fees based on the amount that the REALTOR® wants to advance and the length of time before he will be able to repay it.
• Should the transaction fall through, the REALTOR® will need to make arrangements with the company providing the cash advance to repay the loan in the coming months.

Access Easy Funds provides individual REALTORS® and larger groups with cash advances for real estate transactions in Canada. The company can approve loans in as little as 24 hours and offers advances based on multiple commissions to REALTORS® with many pending transactions. More information can be obtained by calling 1-888-FUNDS10 (1-888-386-3710).