What Is A Commission Advance?

What Is A Commission Advance?

A commission advance is a financial service whereby you sell a portion of a pending commission for a fee. In exchange, funds are advanced to you before closing. It’s not a loan. It’s simply access to the commission you’ve earned without the wait!

How does it work?

The first step in the process is getting a property under contract.  If you’ve already done that, you’re ahead of the game. Once you’ve done this, you’ll need to fill out our quick application so we know how to contact you.  This should take you no more than 30 seconds to do.  If you’d like to speed up the application process, you can pre-upload required documents, such as the purchase agreement or the MLS listing along with your contact info.  Fast agent financing is right around the corner!

From there, we use a risk-based pricing plan to review each commission advance request. Our pricing is more competitive because we evaluate all of the following and more:

  • Your production history
  • Details of the transaction
  • Expected closing date
  • Verification & review of all publicly available information

If approved by our company, we’ll present you with an offer of an advance on your commission.  Once accepted and approved by your broker (or by you, if you are your own broker), we are able to fund this entire advance amount within 4 hours.  It’s as simple as that.  No lengthy employment history to summarize, no credit checks, and no massive stack of loan documents to sign.  Funds sent to you right away.

When escrow closes, we will be paid back (plus our fee) through the closing, so you don’t ever need to pay us back out of your own pocket.  It is all taken care of for you!  We are able to provide you the liquidity you need so you can grow your real estate business and thrive.  Our fees are much more competitive than the industry standard, and what’s more, if your escrow falls through, you can simply switch your advance to another escrow for a minimal fee (no hefty penalties or immediate payback requirements).

As an overview of Commission Advance, here are some main takeaways:

  • We can fund up to 75% of your commission
  • There are no credit checks
  • There is no out of pocket charge or deposit to utilize our service

We know you don’t all need a commission advanced in California, but we could all use a little extra cash every now and then, and we hope you think of Express Cash Flow whenever the need arises.