How it works.
YOU APPLY. WE APPROVE. YOU GET PAID.
As soon as your real estate sale goes under contract, it’s eligible to be considered for a commission advance payout. You’ll complete the form below and our underwriting team will review to see if it’s a good fit for us. Once approved, we’ll direct deposit into your bank within 48 hours! We can also cut a check and hand-deliver to you if that’s easier.
Once approved, you’ll receive 80% of the expected commission immediately. We keep 10% as our fee. The remaining 10% is held in case the transaction takes longer to close than expected (see the FAQ below). Assuming the transaction closes within 14 days of the expected close date, you’ll receive that 10% back at closing! It’s that simple!
FAQ
WE’VE GOT ANSWERS.
We treat commercial and residential transactions the same! As long as our underwriting department is comfortable with the transaction, we’ll approve it and deliver the advance!
Our underwriting team reviews all aspects of the sales contracts and looks to make sure we believe this transaction will close seamlessly. If any part of the contract is confusing, we’ll reach out to get clarification. We WANT to advance your commission, so we’ll do everything in our power to make that happen. We just ask that you send us all relevant documents so we can get you paid quickly.
Yes! Feel free to submit as many transactions as you’d like as often as you like.
Yes! We’re really excited to offer commission advances on rentals. Please complete the form as per usual and our underwriting team will review and let you know if and when it’s approved.
Our general rule of thumb is to not to advance commission on a short sale transaction. There are many unstable elements to short-sale deals, and it’s not uncommon that they can be delayed for months. However, we never say never! Please feel free to submit a request for a short sale advance and we’ll let you know what our underwriting team decides. Just please don’t hold it against us if the deal is not approved. :)
Nope! Here’s why – your personal credit is irrelevant in our decision on whether to underwrite your advance. We will ONLY look at the sales contract and make our determination based on the deal itself, never your personal financial situation.
Nope! You’re never limited by the number of advances or the size of the transaction. We’ll also review the details of your deal and determine whether we’re able to accommodate your request. But, there is no limit to the amount you can request.
Our goal is to review your request, decide, and pay you (if approved) within 48 hours. It may take slightly longer based on various factors, but we usually hit that 48 hour target. Either way, we’ll stay in touch with you throughout the process so you know what’s going on and and expected payout date.
Our fee is 10% of the total approved amount. So, if you were approved for $10,000, our fee would be $1,000 and you’d receive $9,000 total. Remember that we also hold-back an additional 10% until close just in case something goes wrong with the deal. That 10% is paid back to you at closing (assuming you close within 14 days of the expected close date). If the closing doesn’t happen within the 14 day grace period, you will be charged .3% of the total amount borrowed per day until the transaction closes.