Getting The Right Real Estate Commission Advance Company for Pocket Change
There is no doubt about it that getting your commissions early without the help of a commission advance company is a far-fetched dream. Normally they take quite some time while you might be in dire need of money or you just need pocket change to buy the latest fashion. Well the good news is there are many commission advance companies that can help you get sorted with ease, you only need to know how to choose one since they are many and they all operate differently. Some of the factors to keep in mind when looking for a real estate commission advance company include:
Normally hidden fees will not come straight to you as hidden fees but many companies will bring it in form of administrative charges, application fees, minimum charges, and wire fees among many others. The only fees that advance companies are allowed to charge are discount fees and nothing more. You should therefore be on the lookout for any other fee that is not discount fees to make sure that you are not overcharged.
When looking for an advance company, your credit check should not be an issue since the company should not base giving you advances on your credit check. A good established commission advance company will give you funds based on contract of sale and also the pending commission that they are expecting.
As much as the approval process may vary from company to company, there is no right reason for an advance company to have a long approval process. Since there is nothing much that is involved in the application process, the approval process should not take more than 24hours. Most companies will normally have a same day approval and give you the commission advance in your account.
Currently, the most common way of application is an online application which is simple and easy. Normally the company should not have a complicated application process and the application should be easy to fill. Before filling in your application you should make sure that there is clarity on the application requirements.
No minimum or maximum
Normally a god advance company should not be limiting in terms of the minimum or the maximum amount of commission that can be advanced. Since the amount of commission is pending, they should be able to advance you the amount of money you have since there is no loss on their part.
The number of deals that you can advance
When you are a real estate agent, in some cases you may need to advance more than one deal. It is god to look for a company that is not limiting in terms of the number of deals that can be advanced at once. An established company should be able to treat every case of advancing individually hence giving you the option of advancing more than one deal at the same time.