What fees are involved in the Commissions NOW advance?
Fees starting as low as 10% if transaction closes in 30 days or less from date advance is requested. There is a $15 charge if the agent wants payment by check. There are no additional processing or admin fees.
What is a commission advance?
What type of transactions are approved?
Residential & Commercial only. No Referrals nor Leases are approved at this time.
What are the benefits of a commission advance?
How can I apply for a commissions advance?
What is accepted for your bank account information?
The bank account information must belong to the agent requesting the commissions advance.
When will I receive the funds?
What is the max I can request from Commissions NOW?
What is the total commission advance amount you can receive/ask for?
$5,000 is the total per agent, and the commissions advance cannot exceed 50% of the total Gross Commissions Amount.
Will Commissions NOW run a credit check?
What if my sale doesn't close?
Is the commission advance confidential?
What information do I need to include with my Commissions NOW application?
- Fully Executed RPA
- Copy of Escrow Instructions
- Buyer’s pre-approval letter
- Copy of MLS Print-Out