The Commission Advance Program is the fastest and easiest way to receive your commissions today. Use this service to regulate cash flow, build your business and for team salaries. Advancing commissions allows you to make purchases now rather than after closing. Purchase big ticket items such as a new vehicle, make renovations to home or office, take a vacation, pay tuition, RRSP investments, . . . and the fees are tax deductible.
Fee Structure
We will advance up to 90% of your earned commission amount upon approval. A $3000 advance from a mortgage transaction for 30 days would cost as little as $103.60.
Please note that we do not advance on broker fees.
Property & Transaction Requirements
Residential sales only, including re-sale homes, condos, new construction, modular homes, duplexes. The deal must be a firm residential transaction with construction completed. The cash advance limit is up to $5,000.00 with a maximum 90-day closing. The money will be deposited in your account two days after the paperwork is completed and the advance is authorized.
Applying for an Advance
All contracts are online or you can send us an email requesting the documentation.
Fax the completed documents back to 1-888-482-3536 for processing.
Necessary Paperwork
- 2-page contract signed by the Senior agent (Click here for the pdf download)
- Complete audited file
Fallen Sales
In the event that the sale does not close, the agent simply remits to us their next confirmed sale. We will use the funds to pay off the cash advance owing and remit to the agent any monies left over.
Business Hours
- We are open from 10:00am to 5:00pm Eastern Standard Time. Our fax line is open 24/7.
If you have any questions, please send us an email. Make sure to indicate “commission advance” in the comments section.