Commission advances allow real estate professionals to receive a portion of their commission from a sale before the closing date.
The advance carries a fee, the amount of which depends on the size of the advance and the time to closing. A commission is not a loan because no debt is created. The advance gets repaid automatically when the sale closes.
eCommission created the commission advance industry for REALTORS® and is the only company to be exclusively endorsed by the top real estate brands in America. The application and approval process is fast and easy.
Here is what agents need to qualify for a commission advance from eCommission.
1. An Active Real Estate License
Agents must have an active license in the state where the sale is occurring.
2. A Pending Sale or Two Active Listings
Agents must have a pending sale scheduled to close within 120 days or at least two active listings that expire within 90 days. While most contracts move smoothly to settlement, financing or inspections can occasionally cause a deal to fall through. When that happens, eCommission allows agents to cover the advance with future earned commissions.
3. Bank Account
Agents need an active bank account in their name for eCommission to wire the money. Funds usually arrive within one hour.
4. Escrow Opened
The transaction paperwork must be submitted to either the title, escrow or attorney closing the sale.
5. Two Minutes
It takes about two minutes to complete the online application. Agents don’t need to mail, fax or scan any documents. The process is digital, but agents can apply by phone at 877-882-4368.
An Agent’s Bridge for Cash-Flow Gaps
Cash-flow ups and downs are common to almost everyone selling real estate.
eCommission helps close the gaps by giving agents access to their real estate commissions on their schedule through a fast, easy and secure process.
eCommission provides real estate professionals with access to up to $20,000 in commissions before closing so they can focus less on their cash flow and more on growing their business.
About eCommission
Since 1999, eCommission has empowered real estate professionals to navigate the complexities of commission cycles with ease. We provide fast access to pending commissions, strategic cash management tools and secure, automated payment technology. Combining over a quarter-century of expertise and $2 billion funded, eCommission is the trusted partner for agents looking to master their financial forecast and grow their business.
