Questions? Read through our handy FAQs:
What is eCommission for Zillow Premier Agent Partners?
The service is an innovative buy now, pay later solution offered by eCommission specifically designed for Zillow Premier Agent Partners. It provides you with the flexibility to purchase Zillow advertising upfront and defer payment until a later date, utilizing the commission from your next sale instead of relying on a credit card.
Who is eligible for this service?
Virtually all agents can qualify, and there is no requirement for a credit check. You simply need to have either a pending sale that is closing within 120 days or an active listing with at least 90 days remaining in its term. In cases where neither of these conditions is met, there is an alternative option called "Access," which allows you to receive a smaller funding amount.
How does it work?
Start by setting up your free account. You will need to know the sale details of the property for which you would like to advance the commission. Once your application is completed, the eCommission agreement is instantly presented to you online via Docusign and then sent to your broker for electronic signature.
When the signed documents are sent back to eCommission, we will review your paperwork and notify you when your advance is approved. If we cannot approve your request or, if there is missing information, an account manager will personally contact you.
Funding of your commission typically happens by bank transfer within 24 hours after completing your request.
How does eCommission get repaid?
Once you earn a future commission, eCommission will facilitate repayment by arranging for the funds to be sent to us from the title or escrow company.
What are the costs associated with eCommission for Zillow Premier Agent Partners?
Pending Sale: 10% fee
Active Listing: 15% fee
"Access" Option: 20% fee
The fee is added to the amount of commission funded, and repayment occurs at the closing of your future sale. You pay nothing upfront to utilize the service.
What happens if the sale doesn’t close?
If the sale falls through, you are responsible for replacing the funded commission amount using proceeds from a different future sale.
What if I never close another sale?
In the unlikely scenario where you do not close another sale, it’s important to know that eCommission is not a loan. There is no personal recourse.
Does eCommission require a credit check?
No.
Can I be declined for eCommission?
Yes, eCommission follows specific underwriting and approval guidelines to ensure the responsible funding of commissions. If your request is declined, you will receive an onscreen notification or call from a customer service representative.
