Commission Advances

With the availability of commission advances, real estate agents can have greater flexibility over when they will receive cash from their clients. Real estate agents generally do not get paid a salary. The majority of their pay is based on the commissions they earn from the real estate transactions they arrange. The commission they earn is a percentage of the sales price of a property, whether they represent the buyer or the seller.

Manage Cash Flow with Commission Advances

One of the limitations that real estate agents may encounter, though, is a delay in receiving the cash they are owed. In some cases, buyers and sellers may conclude their transactions weeks or months after the purchase and sale agreement is completed. In some cases, though, it may be months before the closing takes place. As a result, if the agent does not take out a loan, it can be months between receiving a paycheck.

Rather than waiting until the closing to receive their cash, real estate agents can take out advances on their commissions. These short-term loans can enable them to receive their money when they need it, whether they need it to pay their own mortgages or take care of miscellaneous or business expenses. Advances can also help agents divide the commissions they receive over the year evenly, providing them with a more stable income.

Access Easy Funds offers advances on commissions to real estate agents in Canada. For a small daily fee, agents can receive advances for the majority of the commissions they have earned before closing the transactions. Access Easy Funds can be reached at 1-888-FUNDS10 (1-888-386-3710).