1. Getting licensed

Being a real estate agent is not a profession that you can legally jump into without proper licensure. This means that you will have to pay some licensing fees to get started, and should count this among your expenses when becoming a real estate agent.

2. Developing your real estate education

Even though you will learn a thing or two about real estate as you earn your license, there are still many things that you need to learn about real estate in order to be successful. The best way to effectively educate yourself is to invest in the resources that will bring you up to speed on all of the jargon and prepare you to make the right decisions.

3. Marketing

You cannot find people looking to buy or sell a piece of real estate by simply getting licensed, learning a few things and sitting on your hands. You must invest in marketing resources that will draw these people to you so that you can convince them that you are the best person to work with to buy or sell their property. This is only stage one of the marketing process for real estate agents.

Next, you must invest in marketing resources to actually close the deal. For seller’s agents, this means putting the real estate in a position to be noticed by those who are seeking that type of property; for buyer’s agents, this means investing in marketing tools to attract relevant sellers ASAP.

4. Getting around

Succeeding with real estate will require more than the internet. You will have to drive around, get to know neighborhoods and try to find — and sell your services to — independent sellers. You will likely have to invest in a reliable vehicle, and then pay to run and maintain it.

5. Other real estate agents

In many cases, a real estate agent will work with another agent to close the deal. The most common example of this would be a “buyer’s agent” and “seller’s agent” relationship. In this case, the two agents work together to close the deal. While this enhances the real estate buying and selling process for all parties involved, the buyer’s agent is not usually paid by the buyer, but rather by taking a percentage of the seller’s agent’s commission. This, in effect, makes working with the buyer’s agent one of the real estate agent expenses that the seller’s agent has to deal with.  For buyer’s agents, you are negotiating how much you get out of the commission; whatever you don’t get is an expense, because it is not going into your pocket.

6. Membership with professional real estate organizations

The connections that you need to succeed as a real estate agent won’t simply come to you. You have to go out and get them; joining a professional organization is great for this, as some of the top real estate pros in your area will be members. These organizations typically charge a membership fee.

Preparing for your expenses allows you to overcome them

Instead of a burden, your real estate agent expenses should be considered a part of doing business. This happens when you expect and prepare for them. Premier Commission is here to help you plan for your ongoing real estate expenses by allowing you to get your hard earned commission as soon as you close a deal. We’ll help you keep your cash flow steady so you can manage your expenses with ease! Simply apply online today.

It can take a long time to receive your commissions. Even after your buyers and sellers agree on an offer, you have to wait for the deal to close, which could take weeks or even months. In addition, you may even have to wait a few more weeks after closing to receive the commission. 

If you don’t know how to manage cash flow, your real estate career may not last very long. Indeed, many agents quit the business because an unexpected cost or emergency has hit them hard and they either don’t have the cash flow to cover it or don’t know when cash flow will come through the door.

Managing your cash flow can help you avoid these kinds of cash crises. Some simple planning can help you be proactive and take steps to avoid the next cash crunch. Here are three tips to help you keep your cash flow under control:

Use a cash flow planning system

The first step and most important step in managing your cash flow is to have a system in place. Far too many real estate agents use nothing more than a scratch piece of paper to do this, or they even keep track in their head. That kind of “back of the napkin” planning isn’t robust enough to help you avoid cash flow blow-ups.

Instead, use a system where you can clearly and quickly see all pending cash inflows and outflows. There are various platforms online that do this. You can also use an Excel spreadsheet.

Include every outflow that is planned for a certain period and all expected inflows. Plan out months in advance. The farther out you plan, the more time you’ll have to prepare for possible cash flow trouble. Look for time periods where cash flow is tight or even negative. Then take steps to address the issues, either by adjusting outflows or finding new sources of incoming cash.

Plan for the worst

One of the biggest challenges that many agents face is their own optimism. It’s easy to get caught up in all of the potential sales and add up the money that could be rolling in.

However, when you’re learning how to manage cash flow, it’s important to remember that pessimism always pays off. You want to plan for the worst case scenario. What if the buyer backs out of a deal? What if that house sits for months? What if the commission takes 90 days instead of 60 days?

Plan for the worst and you’ll be pleasantly surprised when you experience a better outcome.

Get some cash flow help

When you notice a trouble spot in your cash flow projections, it’s important to know that you have options. You don’t just have to sit on your hands and wait for your commission check.

One of the best options to facilitate a steady cash flow is a commission advance service. Premier Commission’s commission advance service allows you to convert your pending commissions into cash. The true benefit of having the available cash flow more than outweighs the minor post-tax cost of the advance. Learning how to manage cash flow is one of the most important skills you can learn as a real estate agent. In fact, it could make all the difference between real estate success and failure. Contact us at Premier Commission LLC today for more information!

Even with all of this hard work, a real estate agent’s payday isn’t weekly, or even biweekly.  Commissions are paid in the future, on the day of closing, which could be in a couple of weeks, a month, or much longer.  If you are wondering how quickly you can get your real estate commission?  The answer is, within 24 hours.  Agents are now able to get a commission advance from Premier Commission, and eliminate the financial strain of waiting for payday.

Premier Commission allows agents and brokers to receive their hard earned commissions almost immediately following the signing of the paperwork.  Premier Commission can assist with the cash flow needs of agents and brokers promptly and efficiently.  The process is uncomplicated and agents and brokers are able to continue managing their businesses unencumbered with financial delays.

No Restrictions

Premier Commission advances commissions across the United States on a wide range of real estate deals, including:

• Residential, Commercial, and Industrial Leases
• Residential, Commercial, and Industrial Resales
• New Home Sales
• New/Pre-Construction Condo Sales

Commissions can be advanced any time after the paperwork has been signed.  There are no minimum or maximum size commission advance restrictions.  There are no application or administrative fees, no wire fees, and no reserve holdbacks, generally required by other companies.  Brokers and agents can get advances on all numerous pending deals and advances can be repaid prior to closing without penalty.

Benefits

Cash flow difficulties can hamper your business management and growth as a real estate agent.  Debts that go unpaid incur penalties.  A commission advance can allow individuals to continue to invest and cultivate their business and finance marketing costs.  Business expenses can be paid and debts can be lowered.  Instead of putting current financial obligations on hold, agents and brokers are free to continue working for another commission opportunity. So, how quickly can I get my real estate commission?  Is tomorrow soon enough?  Apply online at premiercommission.com today.

• Unlike other commission advance companies, Premier Commission does not charge clients anything more than the discount fee. The commission fee is calculated depending on the number of days until closing day. Premier Commission does not charge reserve holdbacks, administration fees, minimum or maximum fees, or exit fees. Our transparent process makes Premier Commission one of the most trusted commission advance companies in the United States.

• In addition, we provide several commission advances on the same transaction. We also provide multiple advances across different transactions for the same agent or broker.   This allows brokers and real estate agents to gain quick access to their pending commission money, and manage their businesses better. It is a great advantage in an industry defined by a flourishing competitive spirit.

• Premier Commission does not perform credit checks on our clients, since their commission advances are not considered loans but more like sales transactions. As real estate agents and brokers essentially sell their pending commissions, there is no loan involved and therefore no credit checks.

• One of the features that clients appreciate the most when working with Premier Commission is the same-day approval process. With no credit checks and very little paperwork, Premier Commission helps a growing number of clients get through difficult financial times and receive cash on their commission quickly – saving their businesses and their careers. Application is very simple and clients get approved within 24 hours or less.

• In addition, there is no minimum or maximum size commission to get approved with Premier Commission. That usually doesn’t happen with other commission advance companies, which charge a minimum fee or impose a minimum size commission in order to get approved. Premier Commission does not have minimum or maximum limits.

Ready to get started? QuickQualify for your real estate commission advance! It’s fast, simple, and can get you the money you need, when you need it.

Here are some of the advantages you can look forward to when you take out a real estate commission advance:

• Cost-efficiency – One of the biggest disadvantages you face when working as a real estate agent is the long time you must wait to receive your commissions. Each transaction entails a lot of resources, including time and money, which, at one point or another, can be exhausted. Although agents may have pending commissions, sometimes they simply cannot function without an immediate cash infusion. Without a commission advance, agents experience tremendous downtime that costs money and opportunities.

• Quick Approval – This alternative type of funding does not involve tons of paperwork or bank meetings in order to get approved. In fact, commission advances for real estate agents involve a very simple application and approval process that gets you the money you need, fast. Most of our applicants are approved the very same day they’ve applied, and get paid right away. In addition, there is no credit check performed, so you do not have to worry about how your credit rating might impact your ability to get a commission advance.

• Reduced Business Debts – Waiting for months to get paid their commissions, real estate agents may accumulate more and more debt just trying to keep their business afloat. These are difficult times, but many of us have faced a similar situation at one point or another. IA commission advance for real estate agents helps you reduce business debt at reasonable rates. If you were to calculate how much debt you would accumulate in the three months waiting for your commission to the fee charged by a commission advance company, you’ll see why getting an advance is a great option.

• Marketing – All companies and agents need to market themselves and their properties if they want to remain at the forefront of the industry. The competition is so tough in the real estate industry that constant marketing efforts are required. Since marketing comes at a cost that you cannot afford while you are still waiting to get paid, applying for a commission advance may just be the solution you are looking for.

• Improved Cash Flow – Your business involves expenses for nurturing new business and enhancing growth. Because of the delays in getting paid your commission, many agents experience rough times financially and often end up giving up their careers in the field. A commission advance for real estate agents provides that necessary cash infusion to keep your business and career afloat and ultimately growing.

Are you ready to receive your commissions now? Apply quickly & easily today with Premier Commission to get your real estate commission advance in your hands, so you can better manage your cash flow!

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.

That is the main reason why so many realtors choose commission advances to cover their business expenses, pay their fees, and keep working throughout difficult times. For those who are new to realtor commission advances, one of the first questions that comes to mind is whether or not all types of deals allow such advances.

Deals That Allow Realtor Commission Advances

It is important to note that not all deals qualify for commission advances. There are the 3 main types of deals that allow for realtor commission advances:

1. Resale of residential homes

The resale of residential homes is one of the most common transactions in the real estate market. People sell their homes all the time and choose to downsize or move to a larger property. They also sell their homes because they want to move to another state or city or because they need the money. However, many agents tend to focus on these particular types of deals and that is why such deals are a primary source of commissions for the majority of real estate professionals.

2. Commercial and Industrial Deals

Selling a property that is going to be used for commercial or industrial purposes or even leasing out such a property is considered a commercial deal. Office spaces, warehouses, retail and restaurant spaces, apartment complexes, high-rise buildings, underdeveloped, raw, and rural land, or other non-residential properties are usually the subject of commercial real estate deals.

The resulting transactions allow brokers and agents commission advances, but not with all real estate commission advance companies. In addition, commercial leases also allow for real estate commission advances.

3. New and Pre-Construction Deals

New homes or condos or pre-construction condos or homes are also a popular choice for many new homeowners or investors. People choose new buildings because of the many benefits they offer. Such properties often have access to the latest building and construction technologies, are energy efficient, and boast exceptionally good prices.

They are good deals for buyers and sellers as well as for the agents who are receiving their commission. Such deals also allow broker and agent’s commission advances, although not all companies offer them.

Work with a Trusted Company

It is important to know that not all commission advance companies are the same. To make sure that you get the most of your realtor commission advance, you have to research the company you are working with and check their fee policy and other agreement conditions. Ensure that you work with a trustworthy company that does not charge anything more than the discount fee.

Be aware of hidden fees, such as administrative fees, minimum fees, or exit fees. You should not accept any other fees.  Be sure to check for companies that offer advances on different types of transactions across the real estate spectrum.

Premier Commission is an established company with an experienced team who are dedicated to providing cash flow solutions to real estate professionals. Our commission advance service is provided at the lowest fees in the Nation!

Need more information on commission advances? Contact our professionals today!

However, not all real estate commission advance companies are created equal, so here are 5 tips to help you choose the best one for your needs:

1. No Hidden Fees – No commission advance company should charge you more than a discount fee. Serious companies do not encourage the proliferation of hidden fees under any circumstances. It is crucial that you avoid working with such companies that charge administrative fees, minimum fees, wire fees, application fees or reserve holdbacks. Premier Commission offers one flat fee that is easy to understand!
2. No Credit Checks – Not so great credit? No problem. Look for real estate commission advance companies that don’t require a credit check. They provide you with funding based on a contract of sale and a pending commission, which you basically sell to them. There is no way that you can get the money without paying to them so their risk is minimal.

3. Same-Day Approval – The approval process should be very quick for any real estate commission advances. The list of documents is very simple and easy to submit, and well established real estate commission advance companies should not need more than 24 hours to process your application and deposit your commission advance into your bank account.
4. Simple Application – An online application is now the standard for real estate commission advances. The advance company you choose to work with should offer a quick application form and a very concise and clear list of documents that can be emailed or faxed.
5. No Minimum or Maximum – Your chosen real estate commission companies should not impose a minimum or a maximum size commission that can be advanced. There should be no minimum fees either, so pay attention to the less obvious conditions that some advance companies may have.
6. You Can Advance More Than One Deal – Real estate agents know very well that they may require funding on several deals at one time. Although many companies have a problem with the number of advances outstanding at any time, there are well established real estate commission advance companies like Premier Commission who do not impose any restrictions in this respect. Approval for your commission advance does not depend on the amount, but on the conditions of each respective deal. Each deal is treated and assessed separately.

There are a number of companies across the US that offer commission advances to real estate agents, so do your homework before choosing one. Premier Commission is the nation’s premier commission advance company. Call us today to get started or complete our online commission advance application.

The real estate market is a very challenging environment, especially in the United States. Real estate professionals, both agents and brokers, are required to invest a lot of time and money into their every deal. Oftentimes, the gap between the time of the sale and the time when their commission is received is so long that it doesn’t allow real estate agents to have a sufficient stream of income. The concept of real estate commission advances responds particularly to the needs of these agents who want to reinvest in their business but are in need of the income to do so.

The real estate commission advance helps realtors to get their commission immediately after the deal is closed. The realtor has the option to apply for a commission advance anytime between the time of the sale and the time of the closing. Ultimately, real estate commission advance companies provide realtors with an easier and more cost-effective way to collect their hard-earned commission fast without having to wait until the closing. Real estate commission advances become a much sought-after solution to the cash flow problems that so many brokers and agents are facing today.

Getting a real estate commission advance is quite a simple process that involves no, administrative fees, credit checks, reserves holdbacks, or hidden fees. You simply apply online, provide all the paperwork required by the real estate commission advance company and  get your commission.. Given that all conditions in the contract of sale are satisfied or waived, any type of real estate transaction is eligible for a commission advance.

Here are the simple steps to obtaining real estate commission advances:

1.        The real estate agent concludes a contract of sale.
2.       The agent fills out a quick online application form.
3.       Documents are emailed to the real estate commission advance company. A commission sale agreement is sent to the agent where it needs to be signed by both the agent and the brokerage..
4.       Money gets transferred into the agent’s account!

A real estate commission advance is easy to get approved for and has many, many benefits. Waiting to receive your commission until the closing day prevents many agents from focusing on building their business and managing their cash flow. A real estate commission advance helps agents and brokers invest and grow their business, fund their marketing expenses, drastically reduce their other business debts, project their income with more certainty, and pay their business expenses on time.

Are you ready to receive your commissions today? Apply today with Premier Commission to get your real estate commission advance quickly and easily.