9 Simple Rules About Commission Advance for Realtors
For real estate agents, sales commission is number one. It is what allows you to live your life and to invest in your marketing efforts in order to get new clients and ultimately grow your business.
Considering you rely on these commission for both your personal and professional needs, you need to know that you’re going to have access to them when you need them. Instead of waiting for month for them to come through, it might be a good idea to try a commission advance service that will give you access to the funds immediately. Here are a few reasons it might be a service worth checking out.
1. Fast approval
Due to the fact that most real estate commission advances are approved based on the quality of the deal rather than an investigation into your credit history, the process is quick and painless. You don’t need to drag up a bunch of supplemental information to get access to your funds.
2. Immediate cash
Fast approval means that you’ll have the cash in hand before you know it. Being able to have access to your funds within one business day or less gives you the freedom to make plans and decisions that suit you without having to do too much advanced planning.
3. Keep growing
Being able to access funds quickly means that you’ll be able to take advantage of an opportunity when it presents itself. You need to have disposal funds in order to gain traction in the market and get the attention of new clients, getting a commission advance means that you’ll never miss out on catching a big break because of timing again.
4. Be present in the market
Establishing your personal brand and having a consistent presence are key towards future professional success. You want to be the automatic go-to for people who are looking to buy or sell a property. In order to gain this kind of status, you need to have adequate funding to brand and market yourself in order to draw new clients in.
5. Safe and secure
Borrowing through a commission advance is safe and secure way to put your money to work for you at a time of your choosing. You’ll know exactly what the terms are and won’t have to worry about any unpleasant surprises down the road.
6. Cost effective
Unlike some of the other options available, including ‘payday loans’ and other predatory schemes, getting a commission advance won’t cost you an arm and a leg. Set up using a fee-based payment structure, getting a commission advance is easy and affordable, not to mention tax deductible as a business expense.
7. Master your cash flow
Consistency is key, and therefore a commission advance can help you avoid an unpleasant situation by ensuring that you’re able to plan your finances in advance. You won’t have to make any embarrassing phone calls or cancel any previously made plans.
8. No collateral needed
Generally speaking, if you’re looking to secure a substantial sum on money, you’re going to be expected to offer up a fixed asset in return. This can cause added stress and make the whole situation a lot less than ideal. Luckily, this is not the case with commission advances, because no additional collateral is required.
9. Pay off other debts
Due to the fact that taking a commission advance is tax deductible, you can minimize interest costs in the long run by using it to pay off any other debts that you might be carrying. So say goodbye to any additional debts associated with your real estate business and be in the clear with a commission advance.
