Why should you wait until closing to get your commission? You’ve worked really hard to help your customers buy and sell their homes, and you’re ready to reap the rewards. But sometimes sales fall through, or closing is weeks or months away, or, what if your customer has to sell their existing home first in order to purchase their new home, what are you to do when you have business and personal expenses of your own to take care of?
Say hello to “Commission Express” — Commission Express can provide you with a commission advance in lieu of the commission that you’ve earned thus far, and within 24 hours in most cases. Now you can maintain cash flow while waiting on your commission from home sales, and the great thing is that we work with top real estate companies so that you can concentrate on the ABCs of real estate.
What Is A Commission Advance?
Commission advances assist real estate brokers and agents succeed in the challenging world that is “Real Estate”. Commission advances are more likely than not, the most productive way for real estate agents to grow their businesses. Quite a bit of a realtor’s career is not able to be controlled, like someone who works and receives a regular paycheck, a Realtor can’t control when they will receive their commission on a sale, but a commission advance from Commission Express could be your saving grace.
How Can I Access My Commission Advance?
Regular cash flow can be challenging in the real estate industry due to breaks in sales and receiving your commission. However, you can access your commission within 24 hours with a commission advance. Many realtors opt to commission advances to help them maintain their fees, and business and personal expenses, while continuing to market to new customers.
If you’re a recent grad or within the first year of your real estate career, then you’re probably wondering what types of sales would qualify for a commission advance, right? The team at Commission Express has put together a list of the types of sales deals that allow for commission advances because not all sales do.
Here are three of the main types of deals that permit realtor commission advances:
1. Residential Homes for Resale
Homeowners sell their homes on a regular basis due to downsizing or upgrading for additions to the family, some people relocate to other states due to personal or military moves. A lot of real estate agents prefer these types of sales because they’re the main source of commissions for most realtors.
2. Industrial and Commercial Sales
Non-residential properties are usually considered commercial or industrial properties and can be leased out, although some industrial buildings are transformed or renovated into residential lofts. Some uses for these types of properties include:
- Office Spaces
- Raw/Rural Land
- Restaurant Spaces
- High-Rise Buildings
- Apartment Complexes
These subsequent payments grant brokers and agents advances on their commissions. Commercial leases may also permit real estate commission advances.
3. Pre-Construction and New Construction Deals
Another top choice for homebuyers and investors are:
- New Homes
- Pre Construction Condos
- Pre-Construction Homes
New builds boast many perks and amenities, like being energy efficient, fantastic prices, and some even allow you to choose certain aspects of your home, like floors and wall colors, kitchen appliances, etc., woo-hoo! These types of sales do offer agents and brokers commission advances, however, not all companies do.
Only Work with Trusted Companies
Commission Express has a perfect five-star rating, along with more than five hundred Trustpilot reviews. Ensure that you work with a trustworthy company. Take a look at our FAQs to learn more about our fees, our 30-day grace period, how to apply, and why Commission Express is your one-stop-shop for your commission advance needs.
Commission Express makes getting your commissions easier and quicker by offering awesome customer service via local franchises. Whether you’re new to the real estate industry, or just new to commission advances, if you’re interested in obtaining more information on commission advances, contact our team of professionals today! We look forward to helping you stay on top of your business. In the meantime, check out our blog over here.