What is Commission Advance?
Rapid Cash Commission
Advance is a factoring company specializing in the purchase of commissions from licensed Realtors and Mortgage brokers throughout
the United States.
What
is factoring?
Factoring is one of the most widely used forms of financing to assist business people in
managing their cash flow. It provides quick and convenient funding at a time when it is most needed. It smoothes out uneven
cash flows. Factoring is not a loan. It is the purchase of your commission.
How can Rapid Cash Commission Advances help my business needs?
As a Realtor or Mortgage Broker, projecting your monthly expenses is relatively simple compared to forecasting your
income. Rapid Cash Commission Advances assists you in managing your cash flow. We provide financial services to
Realtors and Mortgage Brokers by factoring commissions on residential property sales contracts. It’s a very effective
way to get the money you’ve earned, without the wait.
How can I apply for an advance on my commission?
Rapid Cash Commission Advances
service is immediate, and very easy to use. The service is done by telephone or email and fax.
How much of my commission can I receive from Agents Advance?
Up to 80% of your net earned commission is available up to 120 days.
How soon can I get the money?
Your funds are usually available within 24 hours
of receipt of your commission advance request.
How
is my commission advance delivered to me?
Rapid Cash Commission Advances will deliver your money
by check or directly deposit the funds into your bank account or you can receive a check by overnight delivery.
What can I use my money for?
Many of our customers use their money to pay for various office costs (i.e. desk fees, advertising, etc.). Others
have used their funds for personal needs such as vacations, gifts, shopping, and paying household bills.
Can I get a commission advance on a HUD sale?
Rapid Cash Commission Advances accepts applications for advances for commissions from HUD contracts.
How much will my commission advance cost?
The cost of your advance varies depending on the amount of your advance and the number of days until the sales closes. There
are no start up cost, the first 30 days we discount 8% then an additional 5% per 30 days.
What happens if I repay early?
Rapid Cash Commission
Advances will send you a partial rebate if your advance is repaid early.
What happens if my sale doesn't close?
If a sale
fails to close, you have several options for repaying your advance:
- Submit
a replacement sales contract.
- Re-pay the advance outright.
- A combination of the above.