Welcome CORE BackOffice (Brokersumo) Agents!
Get Paid Your Commissions Before Closing
With eCommission, you can access your commissions whenever you need them. Advance from pending sales or active listings – anytime – to keep your business running smoothly.
Here’s how our process works:
- Apply online in minutes
- Request up to $20,000
- No credit check required
- Funds wired within an hour
- Tax deductible fees
FAQs
What is eCommission?
eCommission is the leading provider of commission processing services to the real estate industry. They provide electronic commission transfers for CORE Back Office on closed real estate transactions using their Payment Gateway platform. eCommission also provides commission advances to Agents on pending sales and active listings. eCommission has operated continuously since 1999 and works with thousands of agents, brokers, MLSs, and technology companies nationwide.
What is a commission advance?
A commission advance is a financial service whereby an Agent and Broker sell a portion of a pending commission for a fee. In exchange, funds are advanced before closing. The service helps Agents manage cash flow ups and downs common in real estate by providing access to commissions when needed.
How does the process work?
eCommission is seamlessly integrated with CORE BackOffice. Simply choose the eCommission tab from the CORE Back Office navigation menu, or go to View Transactions under the 'Transactions' tab. Then, select “Get Paid Now” next to the pending sale or active listing you wish to advance. Confirm your transaction details and the bank account info which you would like to have your funds deposited, then digitally accept the eCommission agreement. Your request is then sent to your company for approval. Once received, funds are deposited into your bank account within 1 hour Monday-Friday 9:00 AM - 4:30 PM, excluding weekends and holidays.
What happens if the sale falls through?
eCommission uses an underwriting model that supports a 92% closing success rate. Meaning only 8% of approved transactions fail to close. However, if this does happen, Agents, are responsible to replace the commission using proceeds from a future sale. Brokers bear no responsibility to replace an advance on behalf of an Agent.
How much does it cost?
The cost depends on the amount requested and the length of time until closing. Using an example as a new customer requesting $2000 on a sale closing in 14 days, the cost would be approximately $200. Check out the cost estimator within the request advance process before submitting or talk with a customer service rep at 1-877-882-4368 to find out the details specific to your needs.
How much of my commission can I advance?
Pending Sale Advances range from $500-$20,000 on sales closing within 120 days. Active Listing Avances range from $500-$5,000 on any listing with at least 90 days remaining within its term. To qualify for an Active Listing Advance, Agents must have sold at least 1 home within the past 6 months, and 2 others within the past 12 months.
How does my advance get repaid?
Once the transaction closes and commissions are being paid out, the portion owed to eCommission is automatically sent via electronic bank transfer out of the agent’s commission.
Who uses eCommission?
Whether newly licensed or a top producer, almost every Agent experiences occasional cash flow ups and downs while selling real estate. Some months are booming with closings, other months are lean - and expenses are constant. Agents use eCommission on average 3 to 4 times per year to steady their income, ensure their bills are paid on time and reinvest into their growing business.
