Commercial agents and brokers also find themselves waiting weeks, often months, to receive commission payouts on pending transactions. This program gives them greater control over their business cash flow. It’s something no other advance company is doing.
Austin, TX (PRWEB) November 21, 2011
eCommission Financial Services Inc. (eCommission), the nation's leading provider of commission advance services to real estate sales professionals, announced the launch of Commercial Real Estate Commission Advance. Under the program, Sales Representatives and Brokers can receive commission advances on pending commercial transactions as well as closed commercial lease agreements. Funds are wired to the client’s bank account within 24 hours from approval and the cost to advance is added to the repayment amount due upon a successful settlement.
Sean Whaling, eCommission Founder, explains the new program. “We have advanced commissions on pending residential sales for years and continue to do so. But commercial agents and brokers also find themselves waiting weeks, often months, to receive commission payouts on pending transactions. This new program gives them greater control over their business cash flow. It’s something no other advance company is currently doing.”
Commercial Resale Advance provides advances of up to $10,000 per transaction on the basis of having a pending multi-family, office, industrial, retail or commercially zoned land transaction that is scheduled to close within 120 days. The contract must be within the “non-refundable” stage and advances are made by wire transfer directly to the customer’s bank account.
Commercial Lease Advance provides advances of up to $10,000 per transaction to commercial leasing agents and brokers on completed (closed) office lease transactions where the tenant has moved into the space and commissions are expected to be paid out by the landlord within 8 months.
With over 300 million in commission advances since launching their service in the United States in 2000, eCommission is the endorsed national alliance partner for COLDWELL BANKER®, ERA®, CENTURY 21®, PRUDENTIAL REAL ESTATE AFFILIATES, INC. ®, NRT®, RE/MAX®, KELLER WILLIAMS®, EXIT Realty, BETTER HOMES AND GARDEN REAL ESTATE®, SOTHEBY’S INTERNATIONAL REALTY® and also works with hundreds of independent real estate companies.
For more information on Commercial Real Estate Commission Advance, please call 877-882-4368 or online http://www.ecommission.com
Interview Contact: Sean Whaling, eCommission Financial Services
Telephone: 877-882-4368, ext. 866
agent (at) ecommission (dot) com
eCommission Financial Services
5914 West Courtyard Dr.
Austin, TX 78730