Real Estate Commissions

The income that real estate agents receive are in the form of commissions. Though some agents who work for a larger group may earn a salary, this amount often pales in comparison to the potential income they can earn on commissions from real estate transactions. Though the size of the payments that they can earn is only limited by the number of transactions in which they are involved, these payments may not be received at regular intervals.

When Real Estate Commissions Are Received

Real estate agents are paid their commissions after closing. Agents may work with clients, whether they are buyers or sellers, for months before an offer is made on a property and an Agreement of Purchase and Sale agreed to. At this time, though, the sellers of the property have not received payment. Both they and the agents involved have to wait until the closing, which may be anywhere from days to months later. The sellers may use loan programs such as bridge loans to borrow the money necessary to purchase their next property, as they know the amount they are expecting to receive at the time of closing. Similarly, real estate agents can get commission advances based on the size of their commissions.

Access Easy Funds offers advance payments on real estate commissions that result from transactions throughout Canada. In addition to charging competitive fixed rates to individual agents, it also offers discount programs to larger groups. Additional details on taking out a loan can be obtained by calling 1-888-FUNDS10 (1-888-386-3710).