Should I Apply for a Commission Advance
Why wait until closing to get paid your commission? We purchase your commissions at a reasonable discount allowing you to convert your future receivables to cash today. Concord solves cash flow gaps by giving you access to your commissions on your schedule. With our Low Price Guarantee, and the tax deductibility of your […]
What is a Commission Advance
A commission advance is a financial transaction where a real estate agent sells a portion of its pending commission at a discount, in exchange for immediate cash, without having to wait until closing. It is not a loan, but a service that allows agents to monetize a transaction without waiting until closing.
How Does Concord Commission Advance Work
After creating an account and selecting a password, you’ll be able to log in and apply for a commission advance. After supplying us with basic information about yourself and your desired advance, you’ll securely transmit required documents to our underwriting department. Upon receipt, we’ll send you documents for e-signature, and then we’ll advance the funds […]
What are the Benefits of Receiving a Commission Advance
Get paid for your work when purchase contract is signed Invest and grow your business without having to wait until your sales close – marketing spend is an agent’s greatest ROI Fund marketing and advertising efforts for other projects Project your income with more certainty – smooth the peaks and valleys of […]
What is Concords Low-Fee Guarantee Policy
For eligible agents, if any competitor offers you an advanced commission rate that’s lower than ours, show us the written offer and we’ll beat it by 10%!* Competitor rates must be verified, current and part of a regular fee structure The Low Price Guarantee cannot be redeemed in conjunction with any other offer Competitor […]
How is the Advance Repaid
At the time an agent applies for a Concord Commission Advance, the broker is asked to sign a commission disbursement authorization, which directs the portion of the agent’s commission that has been advanced, directly to Concord at close of escrow. Alternatively, the option exists to have your Company direct repayment of the advance to Concord after closing.
How Much Does a Commission Advance Cost
We offer very low rates with no hidden fees, backed by our lowest rate guarantee policy. View our advance rates here. These rates represent the complete cost of your advance as long as the sale closes on time.
