There’s no question that real estate professionals come to eCommission so that they can smooth out cash flow in between closings. Even Barbara Corcoran noted in a recent video that “agents use eCommission to control the timing of when they get paid” in order to get some predictability over what sometimes seems like a “roller coaster.” One question many agents have, however, is what are some of the ways they can use the advance to give their business a boost. We decided to ask agents about some of the ways …

This is the final part of our series on the hidden cost of credit card cash advances. When real estate professionals find themselves in a cash flow shortfall due to a delayed or canceled home closing, credit card cash advances are one of the most popular options for temporary financing needed to cover business necessities like marketing costs, office supplies or a car payment. While in the first installment we related a list of hidden fees that often penalize unsuspecting real estate professionals, in this post we address the financial …

First, let’s start with the basics. What is a commission advance? A commission advance is a service that allows a real estate professional to receive a portion of their commission from a sale before the closing date. A fee is charged in exchange for advancing funds. The amount of the fee depends on the size of the advance requested, and the length of time to closing. Receiving a commission is not a loan because no debt is created. The advance gets repaid automatically when the sale closes. eCommission created the …