How much does
an advance cost?
How can
Commission In Advance help my business needs?
Do I need to apply?
How much of an advance can I receive?
Will my personal information be safe with your company?
Can I receive any tax benefits by using your service?
How can I apply for an advance on my commission?
What supporting information do I need to supply?
How can Commission In Advance help my business needs?
How soon can I get the money?
How will I receive my commission advance?
What can I use my money for?
Can I get a commission advance on a HUD sale?
What happens if the sale falls through?
What else do I need to provide with my application?
How do I
repay Commission In Advance?
Who do I call with questions about Commission In Advance services?
How can
Commission In Advance help my business needs?
As a
Realtor, projecting your monthly expenses is relatively simple compared to
forecasting your income. Commission In Advance assists you in managing your cash
flow. We provide financial services to Realtors and Brokers by factoring
commissions on residential property sales contracts. It's a very effective way
to get the money you've earned, without the wait.
Do I need to apply?
Yes, all agents applying for an advance must first complete the on-line
application completely, and fax entire application Packet to Commission In Advance.
Click here download the online application.
How much of an advance can I receive?
You can receive up to 80% of your “net earned commission” and up to a maximum of $5,000 per transaction.
Will my personal information be safe with your
company?
YES, your information will not be sold or distributed in any way, we respect
your privacy.
Can I receive any tax benefits by using your company?
YES. When you use the proceeds of your advance commission exclusively for your real estate business, the cost can be tax deductible.
How can I apply for an advance on my commission?
Commission In Advance service is fast and easy
to use. The service is done via the internet and fax. When you have a property
under contract but want your commission tomorrow:
1.
You fax us a filled out and signed
Commission Advance Application, and all other documents
listed in the application.
2.
Upon receipt of the application we will then approve you of the
advance and notify you of the funds being wired to the account
of your choice.
What supporting information do I need to supply?
Along
with the signed
Commission Advance Request Form, you will need to include
the following supporting information:
-
Copy of your completed sale contract (signed
purchase agreement)
-
Copy of MLS Listing – (If listed on MLS )
-
Copy of pre-approval letter along with the name,
contact name and phone number of the lender that has started
the mortgage process (if applicable).
-
The name, contact name and phone number of the
attorney or title / escrow company that is closing the sale.
-
Proof of address in the form of a
utility bill.
-
Copy of your Real Estate License
For New Home
construction:
-
A copy of the purchase agreement.
-
A copy of the approval letter from the buyer's
lender.
-
Verification of the buyer's non-refundable earnest
deposit funds received by the builder or closing agent
-
Copy of the commission agreement with the builder.
How can Commission In Advance help my business needs?
As a Realtor, projecting your monthly expenses is relatively simple compared to forecasting your income. Commission In Advance assists you in managing your cash flow. We provide financial services to Realtors and Brokers by factoring commissions on residential property sales contracts. It's a very effective way to get the money you've earned, without the wait.
How can I apply for an advance on my commission?
Commission In Advance service is immediate, and very easy to use. The service is done via the internet and fax. When you sell a single family residence and would like your commission tomorrow:
- You fax us a signed Commission Advance Request Form, and a copy of the sales contract and mortgage pre-approval.
- We fax you an acknowledgement and a Commission Sale Agreement for signature.
- Upon receipt of the signed Commission Sale Agreement, we directly deposit your money into your bank account or overnight your money to you.
How soon can I get the money?
Your funds are usually available within 24 hours of receipt of your commission advance request.
How will I receive my commission advance?
Commission In Advance will deliver your money by directly deposit the funds into a bank account of your choice, within 24 hours.
What can I use my money for?
Many of our customers use their money to pay for various office costs (i.e. desk fees, advertising, etc.). Others have used their funds for personal needs such as vacations, gifts, shopping, and paying household bills.
Can I get a commission advance on a HUD sale?
Commission In Advance will definitely accept applications for commissions from
HUD contracts.
What happens if the sale falls
through?
If a sale fails to close, you have several options for repaying your advance:
- Submit a replacement sales contract.
- Re-pay the advance outright.
- A combination of the above.
What else do I need to provide
with my application?
Along with the signed Commission Advance Request Form, you will need to include copies of the sale contract and mortgage pre-approval letter,
and a copy of your Real Estate License.
How do I repay Commission In
Advance?
In
the Application, you and your broker will sign a form; this form
will be sent to the Title Company or Attorney that will be
closing the sale. This form will inform the company of your
agreement with us, and of how they will disburse payment. We
will receive payment directly from the closing agent (Title
Company or Attorney).
Who do I call with questions about Commission In Advance services?
We would be
pleased to answer any questions you may have and we will be glad to discuss how
Commission In Advance can assist you with your cash flow. Please contact us:
Phone: 801.280.7355
Fax: 888.820.1019
Email:
info@CommissionInAdvance.com |
