How Commission Advances Work | Concord Commission Advance

Application
Review
Agreements
Funding

Our 4 Step Process

Step 1 - Apply Online

Start by providing a few details about yourself, your company and the sale on which you would like an advance, and some documents related to yourself and the sale.

Step 2 - Underwriting Review

Our underwriters immediately review the details of your request and confirm your pending transaction with the settlement company closing the sale.

Step 3 - Receive your agreements and documents, sign online.

Once approved, we’ll e-mail you and your broker agreements which you can easily e-sign online.

Step 4 – Funding!

Funding of up to 80% of your commission directly to your bank account. No obligation until you are funded! From start to finish, the entire process takes about 1 business day.

Types of Commission Advances

Concord provides two commission advance solutions to support your cash flow and business needs.

Pending Sale Advances

Commission advances on pending residential sales that are scheduled to close within 365 days.

Advance on your sales under contract.

We purchase up to 80% per transaction and have no limits
Apply online in minutes
Funds are wired in as little as one hour
Advance amounts will vary based on your historical sales production

Active Listing Advances

Commission advances using an active residential listing with at least 60 days remaining until expiration.

Advance $1,000-5,000 using an active residential listing. You do not need to have a sale pending to apply.

Agent must have an active listing and at least 10 sales over the previous 12 months
Apply online in minutes
Funds are wired in as little as one hour
Advance amounts will vary based on your historical sales production
Eligible for Agents Only

Who is eligible for commission advances?

Licensed real estate agents with all residential and commercial sales contracts, including approved short sales, and new construction.

How does Concord get repaid?

Repayment of your advance happens automatically when your sale closes. The settlement company receives a commission disbursement authorization signed by your Broker instructing them to send the portion of the commission that has been sold directly to Concord Commission Advance at the close of escrow.

What happens if the sale doesn’t close?

If your sale doesn’t close for any reason, you can either substitute another listing that is under contract or pay us from other funds. If your next sale closes within the grace period, there is no additional cost to you.

Required Documents: