{"id":7354,"date":"2022-11-21T14:31:24","date_gmt":"2022-11-21T22:31:24","guid":{"rendered":"https:\/\/www.expresscashflow.com\/?p=7354"},"modified":"2023-01-01T15:05:28","modified_gmt":"2023-01-01T23:05:28","slug":"do-brokers-have-to-sign-commission-advances","status":"publish","type":"post","link":"https:\/\/www.expresscashflow.com\/do-brokers-have-to-sign-commission-advances\/","title":{"rendered":"Do Brokers have to sign Commission Advances?"},"content":{"rendered":"\t\t
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A common question commission advance companies get is \u201cDo Brokers have to sign Commission Advances?\u201d.\u00a0 The answer is yes because legally under the contract the Broker is owned the commission.\u00a0 You and the broker have a sperate agreement outlining your split.<\/p>

The agreement you sign authorizes the purchase by\u00a0Express Cash Flow\u00a0of a portion of your commission for a particular sale at a discount, after any split or balance owing to your Company.\u00a0 This is why brokers have to sign the commission advance agreement.\u00a0 In doing so, brokers are confirming that the net commission due the agent is sufficient to repay the commission advance.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Any Liability or Risk to the Broker?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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There is no risk to the broker for signing the commission advance if it\u2019s a standard transaction and under contract.\u00a0 If there is fraud, mis-representation or collusion between the agent and the broker then that\u2019s a different issue.\u00a0 If the transaction falls through the agent must notify Express Cash Flow and must replace it with another pending transaction or make payments until the balance is paid in full.\u00a0 \u00a0\u00a0If the commission is inadvertently disbursed to the broker in full, it is the broker\u2019s responsibility to ensure that the balance is paid to Express Cash Flow before the agent receives their portion of the commission.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Ownership of the Commission<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The brokerage legally owns the commission when a transaction closes and then has an agreement between their agent, usually independent contractors.\u00a0 The agreement outlines the split between the agent and the broker. \u00a0Therefore, the commission advance agreement that is signed by Express Cash Flow and the agent must also be signed by the agent\u2019s broker.<\/p>

Please visit the Application Page<\/a> to get<\/strong> the best Commission Advance the industry can offer.<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

A common question commission advance companies get is \u201cDo Brokers have to sign Commission Advances?\u201d. The answer is yes because legally under the contract the Broker is owned the commission. You and the broker have a separate agreement outlining your split.<\/p>\n","protected":false},"author":1,"featured_media":7356,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[829],"yst_prominent_words":[133,807,442,331,451,576,121,116,120,461,443,197,128,117,115,127,528],"_links":{"self":[{"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/posts\/7354"}],"collection":[{"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/comments?post=7354"}],"version-history":[{"count":7,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/posts\/7354\/revisions"}],"predecessor-version":[{"id":7567,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/posts\/7354\/revisions\/7567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/media\/7356"}],"wp:attachment":[{"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/media?parent=7354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/categories?post=7354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/tags?post=7354"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/yst_prominent_words?post=7354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}