Commission advance terms - Telelisting Capital

Fees and terms

Simple, transparent pricing

Maximum advance 100% of your commission

Flat file fee $39.75

Interest fee $0.89 / day / per $1,000

Minimum duration 30 days

Maximum duration 120 days

Total commission $10,000

Advance requested (100%) $8,000

File fee $39.75

Interest (30 days) $213.60 (8 x 0.89 x 30)

Total cost of the advance $253.35

No hidden fees - The fees shown are the only applicable fees. No penalty fees or additional administration fees.

From application to deposit in 5 simple steps

1. Submit the application
Complete the online form with your transaction details and upload your transaction report.
2. Approval by Telelisting Capital
Our team reviews your application and responds quickly. If approved, you receive the advance agreement via DocuSign.
3. Realtor signature
You sign the advance agreement electronically via DocuSign from your computer or phone.
4. Brokerage approval
Your brokerage receives a notification and can approve or decline the request. The brokerage signature confirms the commission assignment.
5. Funds deposited
Within 24 hours after final approval, funds are deposited directly into your bank account.

Prepare these documents to speed up your application

Transaction report Your transaction report showing the sale details and your commission
Financing proof Unconditional mortgage approval letter

Criteria to qualify for a commission advance

Summary of key obligations in the advance agreement

Joint and several liability The realtor and brokerage are jointly and severally responsible for repayment of the advance. In case of default, Telelisting Capital may claim the amount owed from either party.
Commission assignment The brokerage agrees to pay Telelisting Capital the assigned portion of the commission at closing with the notary.
Late interest If payment is late after the due date, interest of 3% per month (36% annually) applies to the unpaid balance.
Collection fees In the event of default requiring collection proceedings, fees equal to 18% of the amount owed will be added.
Returned payment fee A $45 fee applies for any cheque or payment refused by the financial institution.
Jurisdiction Any dispute arising from the agreement will be subject to the jurisdiction of the judicial district of Longueuil, Quebec.

Note: This summary is provided for information only. The signed agreement governs the applicable terms and conditions.

How repayment of your advance works

Automatic at closing The notary pays the commission amount directly to Telelisting Capital according to the assignment instructions.
Surplus paid to the realtor The difference between your commission and the advance amount (plus fees) is paid to you by your brokerage.
Early repayment If repaid before the due date, interest is calculated pro rata by days (minimum 30 days).

Get your commission advance in minutes