If Real Estate Agents Had a Choice...
Would They Rather Be Paid In 2 Months or 2 Days?
Now They Have a Choice...
And You Have an Opportunity.
Traditionally, real estate agents and brokers earn a
commission when
they produce a buyer ready, willing and able to buy a property.
Unfortunately, they do not get paid until settlement occurs, often 30,
60, or 90 days in the future. But the ongoing business expenses that
must be paid by agents and brokers in order to operate their real
estate businesses can be substantial. The problem they face, as with
many small businesses, is that while these expenses tend to become due
on a steady monthly basis, the cash flow generated on the income side
of the business from commission receivables paid at settlement are far
more sporadic. Hence the value to real estate agents and brokers of
using a business factor such as COMMISSION EXPRESS to manage their cash
flow needs in order to meet their ongoing operating, marketing and
business development expenses.
COMMISSION EXPRESS® businesses provide commission advances to
real
estate agents and brokers by purchasing their earned but unsettled
commissions (accounts receivable) at a discount. It’s a business to
business factoring transaction by which a third party (Real Estate
Company or Settlement Agent) is directed under the Uniform Commercial
Code to pay Commission Express upon settlement, usually within 30 to 60
days from the purchase date.
The prototype, Commission Express of Northern Virginia, has
been
operating in the Washington, DC metropolitan area since 1992 and has
purchased thousands of accounts receivable. That experience enabled us
to develop the materials, software and protocols that constitute the
COMMISSION EXPRESS® system. We began franchising in 1996 and invite you
to review our web site and then click on the Qualification button to
submit a request for more information.
