Real Estate Commission Advances

With commission advances, real estate agents can exhibit more control over when they receive the payments they have earned. The majority of the pay that real estate agents earn is based on commissions, which are paid to the agents representing the buyer and the seller. With the current prices of residential real estate, the commissions that REALTORS® earn can be tens of thousands of dollars on a single transaction.

Use Real Estate Commission Advances to Control When Payment Is Received

While the pay that REALTORS® receive can be substantial, the days on which they are paid may be spread unevenly over the entire year. A real estate brokers must wait until the closing takes place to receive his or her commission, as this is the time when the buyer will provide the seller with the majority of the purchase price. If real estate agents have recurring expenses that they must cover, they may need more flexibility with regard to when they receive their payments.

One way that they can achieve this is by taking out an advance on the commission they will eventually receive. At a low daily interest rate, real estate agents can choose the day on which they will be paid once an Agreement of Purchase and Sale has been completed. These advances are effectively short-term loans that can be repaid once the closing takes place.

At Access Easy Funds, real estate agents in Canada can apply for cash advances of up to 90 percent of their commissions in as little as 24 hours. The company also offers advances for some commercial and industrial real estate transactions. Please call 1-888-FUNDS10 (1-888-386-3710) to speak with a representative.