4 Reasons Agents Use Commission Advance Services

Posted by Premier Commission on March 17, 2014 in Commission Advances, Financing

The whole purpose of commission advances is to allow agents to receive their commission any time after getting a signed contract without having to wait until closing, which can be up to 120 days away! Waiting for the commission has many obvious and concealed costs that agents and brokers today are no longer willing to pay. This is where commission advances come in, and it is no wonder many realtors are enjoying the benefits of taking advantage of them.

Reasons to Use Commission Advance Services

Here are four of the top reasons why agents are choosing commission advance services in today’s increasingly competitive and challenging real estate industry:

1. To Grow Their Business

A Realtor commission advance facilitates future investments and business growth through improved cash flow. Business continuity and growth depends on a healthy cash flow, which becomes almost impossible to achieve when you have to wait 30, 60, 90, or even 120 days for your commissions to arrive. Realtor commission advances help agents invest in their business and keep it growing, focusing on the things that matter, not on struggling to pay their bills.

2. For Income Certainty

It is impossible to project your income as a real estate agent with any certainty when you experience such long periods with little money coming in. There is no certainty when it comes to selling properties, and many agents can keep working hard for months until they actually get a signed contract.

At that point, their efforts should be rewarded with a hard-earned commission, and yet, they must wait even longer to receive their commission after the closing. Obtaining a commission advance before the closing allows agents to have a more consistent income and manage their business and personal life accordingly.

3. To Pay for Business Expenses

Realtors have lots of business expenses, especially considering that not all efforts are converted into a signed contract of sale. A commission advance helps agents cover all of their business expenses such as license fees, association dues, and broker fees on time to avoid unnecessary costs. When your business expenses are covered, you can focus on selling new properties and securing new commissions.

4. To Cover Marketing Expenses

Marketing is essential for any real estate agent or broker. Excellent property marketing efforts are the keys to success in this highly challenging environment. However, marketing does come at a cost and does not wait for you to receive your commission.

Real estate marketing is a permanent endeavor and is not scheduled depending on the when you get paid.  It requires a constant infusion of cash. Therefore, many real estate agents choose real estate commission advance services to fund their marketing materials and services.

Get Quality Commission Advance Services with Premier Commission

Commission advance services offer many benefits to realtors that enable them to get access to the funds needed to continue to grow their businesses. Real estate agents appreciate the versatility, flexibility, and comprehensiveness of our realtor advance commission services. Complete our QuickQualify process today to apply for your commission advance and get paid today!

For more information or if you have any questions about our commission advance services, contact us today! We’d be happy to help.

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