The name is pretty self-explanatory. You get your commission before you would otherwise get your commission. Nothing tricky about that at all. This is just a simple agent commission financing tool. But how does it work? Why is this a mutually beneficial transaction? What are the risks, costs, and issues associated with receiving (and providing) a commission advance? If you’re looking to have your commission advanced in California, then read on for answers to all of these questions, and more!
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
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 go to ExpressCashFlow.com and 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 will take a look at both your transactional history as an agent or broker, as well as the specifics of the transaction on which you are requesting a commission advance. 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 24 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).
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.