A commission advance is a financial transaction where a real estate agent sells a portion of its pending commission at a discount, in exchange for immediate cash, without having to wait until closing. It is not a loan, but a service that allows agents to monetize a transaction without waiting until closing.
After creating an account and selecting a password, you’ll be able to log in and apply for a commission advance. After supplying us with basic information about yourself and your desired advance, you’ll securely transmit required documents to our underwriting department. Upon receipt, we’ll send you documents for e-signature, and then we’ll advance the funds […]
Get paid for your work when purchase contract is signed Invest and grow your business without having to wait until your sales close – marketing spend is an agent’s greatest ROI Fund marketing and advertising efforts for other projects Project your income with more certainty – smooth the peaks and valleys of […]
For eligible agents, if any competitor offers you an advanced commission rate that’s lower than ours, show us the written offer and we’ll beat it by 10%!* Competitor rates must be verified, current and part of a regular fee structure The Low Price Guarantee cannot be redeemed in conjunction with any other offer Competitor […]
At the time an agent applies for a Concord Commission Advance, the broker is asked to sign a commission disbursement authorization, which directs the portion of the agent’s commission that has been advanced, directly to Concord at close of escrow. Alternatively, the option exists to have your Company direct repayment of the advance to Concord after closing.