Real Estate Agent Loans

When real estate agents need an advance payment on commissions they have earned, they may consider applying for loans. Real estate agents may earn sizeable commissions, depending on the parts of Canada in which they are working, as the amount of the commission in any sale is based on the value of the property. While the income they earn can be substantial, the timing can pose some difficulties to real estate agents. As payments are only made after closing, agents may receive payments in spurts. Some buyers and sellers may wait until they begin new jobs to move, which may mean closing in the summer or fall, even if the purchase is agreed upon the season before. If a real estate agent has completed a sale and her clients have signed an Agreement of Purchase and Sale, she may be able to secure a loan or advance based on the amount of the commission she is owed.

Use Real Estate Agent Loans to Get Commissions in Advance

For low fees, real estate agents can receive their commissions in advance. They can use these programs to get a commission ahead of the closing or as soon as the Agreement of Purchase and Sale has been completed. Real estate agents may choose to use these advances to distribute their income more evenly over the course of the year.

Real estate agents who conduct transactions in Canada can work with Access Easy Funds to receive payments before their clients have scheduled their closings. The company's application can be approved in as little as 24 hours, with minimal paperwork and hassle. Access Easy Funds can be reached at 1-888-FUNDS10 (1-888-386-3710).