Below you will
find a list of frequently asked questions. Please click a
topic to view the question and answer.
What is Agents
Advance?
Agents Advance is a factoring company specializing in purchasing
the commissions of licensed Realtors throughout the United
States. 70% of our customers have used our service more than
once.
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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 real estate commission
for a particular single family residence sale. Our service
has been available to licensed Realtors nationwide since Agents
Advance was founded in 1996.
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How
can Agents Advance help my business needs?
As a Realtor, projecting your monthly expenses is relatively
simple compared to forecasting your income. Agents Advance
assists you in managing your cash flow. We provide financial
services to Realtors and 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.
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How
can I apply for an advance on my commission?
Agents Advance’s commission advance service is immediate,
and very easy to use. The service is done by telephone and fax.
When you sell a single family residence and would like your
commission tomorrow:
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We fax you an acknowledgement and a Commission Sale
Agreement for signature.
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Upon receipt of the signed Commission Sale Agreement,
we directly deposit your money into your bank account
or overnight your money to you.
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How
much of my commission can I receive from Agents Advance?
Up to 100% of your net earned commission is available.
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How
soon can I get the money?
Your funds are usually available within 24 hours of receipt
of your commission advance request.
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How
is my commission advance delivered to me?
Agents Advance will deliver your money by
check or directly deposit the funds
into a bank account of your choice or you can receive your
check by overnight courier.
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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.
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Can
I get a commission advance on a HUD sale?
Agents Advance gladly accepts applications for advances for
commissions derived from HUD contracts.
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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.
Please review our partial fee schedule
for examples. If your transaction is not included in our sample
fee schedule, please call us at 972-761-0000 or toll-free
1-888-3AGENT3
(1-888-324-3683).
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What
happens if I repay early?
Agents Advance will send you a partial rebate if your advance
is repaid early.
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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.
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What
supporting documents do I need to provide?
Along with the signed Commission
Advance Request Form, you will need to include copies
of the sale contract and mortgage pre-approval letter.
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Who
do I call with questions about Agents Advance’s commission
advance services?
We would be pleased to answer any questions you may have and
we will be glad to discuss how an Agents Advance can assist
you with your cash flow. Please contact us:
Phone: 972-761-0000
Fax: 972-761-0007
Toll Free: 1-888-3AGENT3
Email: agentsadvanceinc@aol.com
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