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Real Estate and Mortgage
Professional Benefits: If you are a real estate agent in Florida that is expecting a pending commission and needs all or a portion of your
pending commission payment accelerated, we can help. Our convenient and secure online application allows you to apply day
or night for up to 80% of your pending commission up to 120 days before closing. To remain successful, money must be available when your business
needs it. Our service is designed specifically to assist agents and brokers with their cash flow needs. In months where expenses
outweigh commission income, our service enables agents and brokers to accelerate the payment of commissions under contract
to cover expenses. With the ability to advance the payment of your pending commissions, you can operate more efficiently, plan ahead,
consistently advertise, increase listing inventory, successfully market them, and make more money! Rapid
Cash Commission Advances Features: Simplicity
– You can apply for your advance online anytime day or night. Your Broker does not have to be a registered member for you to apply for
a commission advance. Simply fill out the oline application, and your commission advance in unerway. Speed – After your commission advance has been approved,
payment is guaranteed to be delivered to you within 24 hours. Discretion
– Commissions Paid Now is very discrete regarding your professional reputation. The buyers and
sellers involved in the transaction are not informed of our deal to purchase your commission. Flexibility – Receive up to 80% of your net real estate
sales commission for up to a maximum of $30,000.00 per transaction and up to 120 days before closing. Affordability – Our fees are comparable, competitive, and
above all affordable. Our pricing is based on the amount of commission you would like to receive and the number of days
till your closing. We do not check your credit, the advance is based completely on your commission. Tax Benefits
– Sometimes agents receive advances on pending residential contracts
even though the contract may not close for 15 to 90 days. If you receive an advance from a pending commission and you are
a cash method taxpayer, you must include the advance amount in the tax year it is received. If you repay the advance and fee
for the advance in the same tax year in which you received them, you can subtract the total repayment (advance and fee) from
the amount you include on your IRS tax return. This lowers your taxable adjusted gross income. If you
repay the advance and fee in the next tax year, you may use the total repayment (advance and fee) as a tax credit for that
year. The fee paid for the service of advancing the commission results in a tax deduction. Please consult your tax professional. To get started simply CLICK HERE and complete the online Commission Advance request.
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Benefits for the Brokerage Company: There
a many ways in which the Brokers benefit from Rapid Cash Commission Advances. Here are a few examples:
We are the Bank -
Requesting "advances" on real estate or mortgage commissions is common. We often hear from brokers about
how agents regard them as if they were the bank. Brokers who provide commission advance services personally are forced to
draw on their own lines of credit, which can create many problems if a sale falls through. RapidCash Commission
Advances, advancing real estate or mortgage broker commissions is our business. We offer Brokerages a reliable third
party commission advance financing option that they can readily recommend with no risk or liability.
Recruiting - Being able to offer a new
recruit advance payment of their real estate sales commission is a great way to attract them to your company. In fact, some
Brokers are paying the commission financing costs associated with a sales associate's first commission advance as an incentive
to join their company.
Paying Down Accounts Receivable
-When a sales associate requests a Commission Advance, the Broker has the opportunity on each transaction to
split the proceeds between the company and the sales associate. This option is highly beneficial to Brokers who are looking
to reduce accounts receivable. Retention - Making Commission
available is a great option for sales associates from time to time when issues of cash flow arise. The average customer uses
Rapid Cash Commission Advances 4 to 5 times per year. The result is that they perceive the Broker to be providing better
value-added services than the competition.
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