Commission advances provide you an opportunity to maintain steady cash flow and continue to invest in your business in the weeks or months before your client closes on a property. However, sometimes you might want an advance even before you get an offer in order to help with marketing and promotion expenses. In such situations, a listing advance can help. One active listing can get you up to $6,000 If you have an active listing, you could be eligible for an advance of up to a maximum of $6,000. That …

You need thick skin and a tough mind to make it as a real estate agent. The first few years can be a mighty test of your will. You have to constantly hustle to build a network and a reputation that is large enough to provide you a steady stream of clients. Dry spells are unavoidable, particularly as sales slow down in the winter months. During that time, however, you want to keep the momentum going by continuing to invest in your business. Here are a number of ways that …

Applying for a commission advance is simple and quick. Here at eCommission we want to make sure you can apply for and receive your hard-earned advance in under an hour. While you may not realize it, many things that are part of your routine can actually take longer than getting an eCommission advance. Here are five examples: Waiting in line at the DMV It’s everyone’s least favorite activity. Ranks right up there with getting a root canal. Well, okay, it’s not that bad, but pretty close! Come to think of …

Commission advance is a service tailored exclusively to real estate professionals Salaried employees enjoy the benefit of knowing exactly what they’ll earn on their next paycheck, and when they’ll receive it. Selling real estate is a different story. Some months you may close two or three sales and earn thousands of dollars. Other months… nothing. Riding this “cash flow roller coaster” as described by Barbara Corcoran, is the #1 reason why agents leave real estate. Solving this challenge is crucial for sustaining long term business growth.  A commission advance is …

With tax season fast approaching, we wanted to give you a few reminders about the tax benefits when receiving a commission advance. Suffice it to say, there’s good news, so take advantage. What is tax deductible? Fees: As an independent contractor, the fees you pay to secure a commission advance are a fully deductible business expense. It’s a true cost of doing business and as such will be 100% deductible. For sole proprietors, this means recording the fees as a business expense on  Schedule C of your tax return. Business …

At eCommission, we make it easy for agents to apply and receive advance payment of their pending real estate commissions. For the vast majority of customers, the entire process takes less than one hour to complete from application to funding. What could be more gratifying than turning your next commission into cash today instead of waiting weeks or months for a sale to close? If you’ve ever considered using eCommission, here are few things you will need to ensure a smooth transaction: An active real estate license A pending residential …

There’s no better feeling in real estate than when you make the sale. Except perhaps when you get the commission check! But first comes the wait for the commission check. Will it be 30 days, 45 days, 60 days? Every closing is different, and the wait-time can throw a wrench into the growth plans of your business. Will you have money for your next advertising campaign? Do you have enough cash on hand for the new tires on your ‘mobile office’? What about paying for an assistant to help you …

There’s no question that real estate professionals come to eCommission so that they can smooth out cash flow in between closings. Even Barbara Corcoran noted in a recent video that “agents use eCommission to control the timing of when they get paid” in order to get some predictability over what sometimes seems like a “roller coaster.” One question many agents have, however, is what are some of the ways they can use the advance to give their business a boost. We decided to ask agents about some of the ways …

First, let’s start with the basics. What is a commission advance? A commission advance is a service that allows a real estate professional to receive a portion of their commission from a sale before the closing date. A fee is charged in exchange for advancing funds. The amount of the fee depends on the size of the advance requested, and the length of time to closing. Receiving a commission is not a loan because no debt is created. The advance gets repaid automatically when the sale closes. eCommission created the …