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FAQ on Real Estate Agent Commission Advances and Real Estate Broker Commission Advances
July 29, 2022
FAQ on Real Estate Agent Commission Advances and Real Estate Broker Commission Advances

FAQ on Real Estate Agent Commission Advances and Real Estate Broker Commission Advances

FAQ on Real Estate Agent Commission Advances and Real Estate Broker Commission Advances.

Question: Can you provide funding to real estate agents and brokers anywhere in the United States?

Answer: We fund in all states except Ohio.

Question: Do you work with any organizations or associations in real estate?

Answer: We work with settlement agents and mortgage brokers on a case-by-case basis for funding. We also have affiliate and partnership opportunities for organizations who work with real estate agents and brokers. Please contact us directly at aredcloud@acceladvance.com or give us a call at 267-769-0747 for more info.

Question: Do you do credit checks?

Answer: We do not conduct credit checks on applicants.

Question: Do you provide real estate commission advance funding to realtors with fees from rentals?

Answer: We consider these on a case-by-case basis. Please contact us directly at aredcloud@acceladvance.com or give us a call at 267-769-0747 for more info.

Question: Can you provide real estate commission advance funding to real estate brokers?

Answer: Yes, we do fund brokers of record.

Question: Are you able to provide commercial real estate commission advance funding to realtors?

Answer: Yes, we provide advances on commercial real estate transactions.

Question: Can you provide funding to realtors with land deals?

Answer: No, we do not fund transactions for land.

Question: Can you provide funding for active listings?

Answer: Yes, although our active listing advances have a few additional requirements. Please call us at 267-769-0747 or email ARedcloud@acceladvance.com for more information.

Question: Are you a broker or direct funder?

Answer: We are not a broker. We work directly with our clients to fund.

Question: Is there a minimum size commission that you advance real estate agents or brokers?

Answer: There is no minimum size commission, but the minimum fee is $250.

Question: Is there a maximum size commission that you advance?

Answer: Yes. The maximum amount is $30,000.

Question: Are there any reserve holdbacks?

Answer: Yes, there is a 10% reserve holdback on every advance.

Question: Are there any administration fees?

Answer: There is a $30 wire fee for any outgoing wires. Agents can opt to receive funds via eCheck for no charge.

Question: Are there any application fees?

Answer: No

Question: Do you advance brokers of record?

Answer: Yes, on a case-by-case basis.

Question: Can I advance more than one deal at a time?

Answer: Yes

Question: How much of my Commission can I Advance?

Answer: Up to 80% of net commission due to agent.

Question: How quickly can I get my advance processed?

Answer: Advances are processed in 48 hours or less – the majority of advances fund the same day.

Question: Are your advances restricted to a closing within 90 days?

Answer: Within 120 days.

Question: Do you require a minimum size deposit?

Answer: No.

Question: Who is the best real estate commission advance company?

Answer: Accel Real Estate Commission Advance is the best because our process is efficient and timely. We know real estate agents want their money as fast as possible. In addition, we are easy to communicate with and contact should there be any problems or questions. Accel has lower fees than most companies, longer advance periods, and more flexible repayment options in the event a transaction is canceled or if a deal falls through.

Question: Can Accel provide funding to real estate agents without a signature from their broker?

Answer: We can fund agents who are 1099 contractors without the broker’s signature on the documents. However, we do require third-party payment, so the brokerage will be notified of the advance and must agree to repayment on behalf of the agent prior to releasing funds.

If you are a real estate agent or broker interested in learning more information about our advances, Balanced Bridge Funding now has a subsidiary, Accel Real Estate Commission Advance, that can help.

Feel free to contact Amy aredcloud@acceladvance.com or call us at 267-769-0747. If you are interested in funding today, complete our application.

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