Why does the broker review and sign the advance agreement?
Agents can not advance commissions without the broker's consent. All commissions earned by your agents belong to your company. The agreement you sign authorizes the sale and assignment of the agent's portion of the commission on the subject sale to Quick Commission Advance, after any split or balance owing to your company.

How does this help my agents?
We help agents control their cash flow to manage their professional expenses effectively and meet personal obligations. A commission advance can alleviate financial distractions allowing the agent to focus on pursuing prospects or closing their next deal. Consider Quick Commission Advance as a partner you can count on to help your agents manage when they get paid, keeping them motivated and engaged. The result is more listings, more sales and increased productivity.

Is there liability for the broker?
No, the broker does not bear any risk with a commission advance. The agent is solely responsible for the repayment of the commission advance. If the transaction falls through, you are responsible for directing any future earned commissions by the agent to Quick Commission Advance. If the agent never earns another commission or leaves your company, as the broker, you do not owe us anything, we assume the risk and take the loss.

Are Broker Agents eligible for a commission advance?
Yes, Quick Commission Advance will provide an advance to brokers acting as agents representing buyers or sellers on their own sales. Rates differ from agent rates.

What is the benefit for the broker?
By quickly securing working capital, your agents can pay bills and capitalize on business opportunities. As the broker, you don't have to worry about being a source of funding to float your agents to the next closing. Instead of over complicating your relationship with agents, you can keep them focused on managing their business and capitalizing on opportunities. The broker has the final say; commissions are only advanced upon your authorization. Keep in mind the advance is only on the agent's net earnings, after the broker split, so your portion is not affected. New agents may find it appealing to participate in our service to even out their cash flow, reducing recruiting and retention costs for your business. The cost of the advance may be tax deductible making it even more affordable for your agents.