How Commission Advances Work
Everything you need to know about getting an advance on your commission
The Process
- Create your account on our platform
- Submit your advance request with just 2 documents: your transaction report and your unconditional financing proof
- Choose your advance amount (up to 100% of your commission)
- Our team reviews your request within hours
- We verify your documents and transaction details
- You receive an email notification once approved
- A contract is generated and sent to you via DocuSign
- Review and sign electronically — no paper, no hassle
- Your brokerage also signs electronically
- Once all signatures are collected, we process the funding
- Funds are available within hours of approval
- Electronic fund transfer is sent to your brokerage's bank account
- Your brokerage receives the funds via EFT
- They process your advance payment according to their procedures
- You receive a detailed statement showing all fees and the net amount
- At closing, your agency receives all commission funds from the transaction
- Your agency performs the repartition and deducts the advance repayment amount
- No monthly payments — everything settles at closing
- The balance of your commission (minus the advance and fees) is paid to you by your agency
Fee Structure
Fixed file fee
$39.75
Interest
$0.89 per day per $1,000 advanced
Hidden fees or monthly payments
None
Example
$10,000 advance for 60 days = $39.75 (file fee) + $534.00 (interest: $0.89 × 10 × 60 days) = $573.75 total fees
Frequently Asked Questions
How long does the process take?
From request to funding, typically within 24 hours of approval.
What documents do I need?
You need your transaction report and your unconditional financing agreement.
Can I request multiple advances?
Yes, you can have multiple active advances for different transactions.
What happens if the sale falls through?
Contact us immediately. We work with you to find a solution.
Is there a minimum or maximum amount?
Minimum $1,000. You can advance up to 100% of your commission.
