Concord Advance and eCommission are both nationally available commission advance providers. Both serve residential and commercial real estate agents, require no credit check, and collect repayment automatically at closing. The differences between them in fee structure, advance limits, and total cost on larger commissions are worth examining before committing to either.
Key Takeaways
• Concord Advance charges a discount rate based on the time remaining until closing the sooner the deal closes, the lower the cost.
• eCommission charges a percentage-based fee that scales with the advance amount.
• Both providers operate nationwide and require broker sign-off before releasing funds.
Company Overview
Concord Advance
Concord Advance is a direct, nationwide commission advance provider covering both pending residential sales and active listings advances as-well with a fully online application process. Its pricing is based on the time remaining until closing. A deal closing within 30 days carries a lower rate than one closing in 60 days, and that rate applies regardless of how much is being advanced.
eCommission
eCommission is a commission advance company in the United States, founded in 1999. Advances are available on pending residential sales, active listings, and commercial resale properties. The fee is determined by both the advance amount and the time until closing. Advances are capped at $20,000 per transaction.
Head-to-Head Comparison
Fee Structure
Both Concord Advance and eCommission charge a fee based on the advance amount and the time remaining until closing. The fee is a percentage of the amount advanced, with the rate varying by how many days out the closing is, though Concord Advance’s rates run about 40% lower than eCommission’s.
Advance Limits
eCommission caps advances at $20,000 per transaction, regardless of the net commission.
Concord Advance does not apply the same per-transaction ceiling, making it more accessible for agents working larger commissions.
Funding Speed
eCommission funds within one hour of the agreement being signed and the transaction confirmed with the settlement company, during normal business days. A 4:00 PM Central Time wire cut-off applies for same-day transfers.
Concord Advance funds approves advances in as little as one hour.
Grace Period
eCommission includes a 20-day grace period beyond the estimated closing date: meaning if a closing delays by up to 20 days, no additional fee is charged.
Concord Advance includes a free 15-day grace period beyond the closing date to account for any closing delays.
Application Process
Concord Advance: fully online, completed in approximately five minutes, from any location.
eCommission: online process, with the agreement emailed to the agent and broker for electronic signatures upon completion.
The Bottom Line
Both Concord Advance and eCommission are established, reputable providers that have earned strong ratings from verified customers. The right choice ultimately comes down to the agent’s specific transaction, priorities, and comfort level with each company.
Reading Google reviews, asking fellow agents about their experiences, and requesting a full fee breakdown from both providers before committing is the most reliable way to make that decision.
Concord Advance rates are fully disclosed before any agreement is signed. Applications are completed online at concordadvance.com.
