The real estate industry can be difficult to navigate. Having to wait for commission payments after closing, updated split and fee structures, and changes in payment amounts can really throw a wrench in how you manage your finances. The relatively new service of real estate commission advances can be extremely beneficial to agents both new and old when trying to take control of your cash flow.
Utilizing this tool can be the determining factor in whether you are able to grow your business, or if it will reach a stalemate. That’s why choosing the right commission advance company is critical, here are a few things to look out for when deciding which advance company to work with.
Strong Web Presence:
The first place most agents will turn to when looking for an advance company is the internet. With a simple search, you will find many options which can make the decision difficult, but there are a few things to look out for. First, try and find reviews of potential companies online,there are several places to turn when looking for reviews such as Google and Trustpilot.
Another important thing to note is the look and feel of a company’s website. Look for tools that offer immediate quotes, a section for frequently asked questions, and a simple streamlined application process. These features all point to a company you can trust.
A Background in Real Estate:
The real estate industry is a very specialized and unique sector of the business world, and working with a company that knows the specific ins and outs of it is always beneficial. An understanding of your business allows an advance company to help you solve industry specific issues you face. Being able to sympathize with their client’s needs and challenges is a great way to determine how trustworthy an advance company is.
Quick and Reliable Payment System:
When strapped for cash, the most important thing is speed. The best advance companies should be able to process and fund an advance in the shortest amount of time possible, with same day funding being the ideal outcome. Considering the reason an agent or broker is working with the advance company is to receive funds quickly, speed is the name of the game. When vetting companies to find the right one for you, if their process is too slow you may be able to remove them from your short list of prospective business partners.
Why Choose Concord?
- The lowest fees of any company, guaranteed.
- 24 hour turnaround from the time of submitting your application, get funded the same day.
- A quick and easy online application so you can get paid no matter where you are.
- 15 day grace period on advances in the event a closing is delayed.
Apply today and stop worrying about commission payments!