Investor · New York City, NY · Member since 2013 · 1k+ posts · 269 votes
A Plus Capital turns your pending commissions into real cash. Flat Fee Pricing. No Credit Check.
Waiting months to collect your commissions at closing can be difficult for your business. Our commission advance service helps Real Estate Agents nationwide balance their cash flow—giving you the money you need TODAY. We provide real estate commission advances on all residential properties including new construction, approved short sales, and REO properties.
Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
12y
Sounds like a great service, Realtors usually need money. But, here, and probably other places, an agent's commission in doing this is nothing more than a payday loan, agents are under a broker to be paid, so they really aren't a business with accounts receivable that can be factored under a commercial umbrella. It falls under consumer financing here, so just a comment. If I must turn it into a question you might tell how you address the issue as a state registered consumer finance operation. :)
Real Estate Broker · Dallas · Member since 2013 · 116 posts · 10 votes
12y
As an agent, I would never do this. I guess there are agents out there who might need the money fast, but closings come often enough not to need an advance. Plus, on a $7000 commission, $1000 or is a lot to give up for a month's wait. Usually our closings are not more than 30 to 45 days out.
Real estate agents often have to wait until closing to receive their commission, which can create cash flow challenges. Commission advance services allow agents to access funds from pending commissions earlier, helping manage expenses and maintain business operations. These advances can apply to various residential transactions, including new construction, approved short sales, and REO properties