Realtor Loan Advance
With loan advances, REALTORS® can receive earlier payments of the commissions they have earned on their real estate transactions. The process of working with clients who are searching for real estate or trying to sell their homes can be long and drawn out. When trying to sell a property, the owners and the REALTOR® must contend with market conditions. During hot markets, real estate may sit on the market for only a few days or weeks before an offer is made. It may take longer, though, during weak markets. Agents working with buyers may have to show upwards of 20 or 30 properties before their clients make a choice and close a deal.
Use REALTOR® Loans to Get Commission Advances
In addition to the time during which REALTORS® are working with their clients actively, they will also need to wait for their real estate commission until after closings.
- Commissions are not paid until the closing occurs, which may be anywhere from days to months after an agreement has been reached.
- REALTORS® may need income during this time to deal with their own expenses, including health care and mortgage payments.
- Rather than taking out a home equity loan or line of credit, they can apply for advances on their commissions.
- The advance loan can be for the commission from a single sale or from multiple sales.
Access Easy Funds offers advances on commissions on real estate transactions in Canada. The company charges a competitive fixed daily rate on loans to individuals, and lower rates to larger groups. Contact Access Easy Funds at 1-888-FUNDS10 (1-888-386-3710) for more information.