How much can I borrow?
You can borrow 95% of your earned commission up to a maximum of $9500 per transaction.
How soon can I get the money?
How much will it cost me?
We charge a flat rate of $0.65 (sixty Five Cents) for every thousand dollars advanced, per day, plus $75 Admin Fees. Our fees and deductions are completely transparent and calculated before hand. You can calculate the exact costs here CALCULATOR
Can I have multiple commission advances with you?
Yes. But please contact us directly for more details.
How do you fund my advance?
We write you a cheque for commission advance requested, right away. We can also do an ETRANSFER to you, depending on the amount.
How do I pay back the advance?
When we receive your actual commission on the transaction, we will keep the advanced amount paid to you already, plus the calculated fees to date, and pay you the balance.
Are your fees TAX deductible?
Most of our REALTORS® deduct them as business expense. But we do suggest discussing it with your accountant first. We provide you with a deduction summary along with your advance which you should safely keep for your Income Tax purposes. Re-issuing this statement is time consuming and an extra charge of $50 might apply.
What if the transaction doesn’t close on time? Or it collapses?
Don’t worry. We understand that sometimes things get out of your control or go wrong after the conditions have already been met and your commission advance has already been made. In this case, please contact us immediately and we will work with you to find a reasonable solution.
Why are you cheaper than everyone else?
We are providing this service only to help our brokerage REALTORS® and not to make profits. The fee we charge is enough to cover our expenses and risks in providing the service.