Frequently Asked Questions
How can you help my grow my business?
Our commission advance service is an effective way to get your commissions without having to wait months until closing. Our service enables you to confidently balance your cash flow and predict your monthly income.
How much of an advance can I receive?
We offer up to $50,000 for pending sale advances.
How much does a commission advance cost?
We strive for transparency and will never hide our prices or our process from you. And remember, we have absolutely no hidden fees.
We provide our service to real estate agents in Washington D.C, Maryland, and Virginia.
Who Can receive a commission advance?
In Washington D.C., Virginia, and Maryland
WHERE DO YOU PROVIDE YOUR SERVICE?
No. Brokers bear no financial liability to repay a commission advance taken out by one of their agents. Brokers are simply required to authorize every commission advance request.
IS THERE LIABILITY FOR MY BROKER?
Once your application has been approved and both parties have signed the contracts, we will wire transfer the funds directly into your bank account.
HOW WILL I RECEIVE MY ADVANCE?
It’s simple! Your broker will be asked to sign a Commission Disbursement Form during your application process. This form requests that Agent Funding receive payment directly from the settlement company. If for some reason the settlement company fails to repay us, it is up to the agent to do so.
HOW DO I REPAY AN ADVANCE?
A copy of the signed contract, background check authorization, MLS ID, driver's license, copy of a voided check, and a copy of your MLS production report.
WHAT DOCUMENTS DO YOU NEED?
We know unexpected things happen all the time in real estate. For that reason, if your closing is delayed, we recommend that you apply for a Delayed Closing Agreement by informing our team of the new close of escrow date. This is our way of keeping your advance costs low. There are also other options available, listed below:
- Pay the purchased commission amount back in full.
- Submit a replacement sale or sales to Agent Funding.
- Pay a closing extension fee for a ten day extension of the grace period for Pending advances