Why might you reject an transaction?

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 [...]

By |2019-03-19T21:39:05+00:00March 13th, 2019|Comments Off on Why might you reject an transaction?

Do you advance on commercial transactions?

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!

By |2019-03-19T21:39:34+00:00March 13th, 2019|Comments Off on Do you advance on commercial transactions?

Can I receive an advance on a rental?

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.

By |2019-03-19T21:38:50+00:00March 13th, 2019|Comments Off on Can I receive an advance on a rental?

Can I receive an advance on a short sale?

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 [...]

By |2019-03-19T21:38:42+00:00March 13th, 2019|Comments Off on Can I receive an advance on a short sale?

How quickly will I receive an advance?

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.

By |2019-03-19T21:37:30+00:00March 13th, 2019|Comments Off on How quickly will I receive an advance?

What are your fees for advancing a commission?

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 [...]

By |2019-03-13T16:53:48+00:00March 13th, 2019|Comments Off on What are your fees for advancing a commission?

Is there a limit to how much I can advance?

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.

By |2019-03-19T21:37:41+00:00March 13th, 2019|Comments Off on Is there a limit to how much I can advance?

Do you run a credit check?

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.

By |2019-03-19T21:38:20+00:00March 13th, 2019|Comments Off on Do you run a credit check?