It can be overwhelming when you want to find the best commission advance company, especially since so many companies are now offering commission advances for realtors. But there are several questions you can ask yourself when you’re trying to find the best commission advance company; take a look at the follow questions that will help you find the best choice for you.
Do they have experience in realtor commission advances?
An excellent commission express franchise will have experience offering these types of commission advances. The reason why it’s best to choose a company with experience is that you want a company that understands the commission process and can meet realtor’s needs accordingly. These companies understand how long commissions take to finalize and plan their re-payment and fee schedules accordingly.
Do they allow you to get more than one commission advance?
Cash flow is vital to realtors, and the best way to have enough cash flow is to take out an advance for more than one commission at a time. Companies that understand you may need more than one commission advance within the same time period are companies who understand the needs of realtors. Most companies will have a limit on how much you can take out in total from more than one advance–$25,000 is a common limit.
Do they have hidden fees?
One factor that you want to look out for in any commission express franchise is the presence of hidden or surprise fees. Hidden fees are any fees which are not offered upfront by the company. All commission advance franchise companies have fees—but they should be clearly explained by the company before you sign a contract for your advance. Any company that springs a hidden or surprise fee on you is definitely one to avoid.