Does the broker have any risk or liability?

Posted in:

No. In the unlikely event we advance a commission to one of your agents on a sale that falls through, the agent is asked to replace it using future earned commissions.  As broker, your only responsibility is to direct any future commissions earned by the agent to Concord in the event the advance is not repaid as agreed.  If no future commissions are ever earned or the agent leaves your company, there is never any liability on your part to repay their advance.

Why Wait to Get Paid?
Change this in Theme Options
Change this in Theme Options