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Answers for Brokers

Answers for Brokers

Questions asked by Real Estate Brokers

Will I need to sign anything?

Yes. As the Broker of Record it is required that you, or an appointed signing officer for the Brokerage, sign on each of our Commission Sale Agreements.

Will Agent’s Equity distribute or sell my personal information?

Absolutely not. We respect your privacy. Information submitted to Agent’s Equity will not be sold or distributed.

What if one of my Sales Representatives’ deals fall through?

This rarely happens, but when it does, Agent’s Equity will work through a repayment schedule that is suitable with us and the realtor. The Broker does not have any liability should this happen.

Is a commission advance cost effective?

YES – especially when you consider some of the alternatives such as:
•    Losing control of your business;
•    Losing profitable opportunities due to lack of finance;
•    Pledging your home and other personal assets;
•    Losing a marketing opportunity that would increase sales.

How large do I have to be to use commission advancing?

There is no “right” size. The Agent’s Equity program is designed to suit the needs of all realtors. Because we impose no maximum or minimum restrictions on the amount of business transacted, it is literally a “tailor made” program – just for you.

Does my broker need to register before I can apply for an Agent’s Equity Advance?

Yes, in order to apply for an Agent’s Equity advance, your broker must be registered in our database. This can be done quickly by calling 1-800-331-9756.

Can I collect outstanding fees that I am owed by my agents?

Yes! Our technology allows for you to collect any outstanding fees when an agent processes an advance. Simply apply the amount that you would like made payable to the brokerage, and we will either submit an Electronic Bank Transfer or send a cheque to you that day!

Can I advance on my own sales, or the office portion?

Yes! We can certainly help with your cash flow as well. Give us a call to discuss. It only takes a minute or two to get set up!

Are the fees for a commission advance tax deductible?

Many of our agents have received tax deductions when using a commission advance for business purposes. See your accountant for more information. Agent’s Equity provides tax receipts upon request.

Are commission advances a permanent way to finance my business?

That’s up to you. It is often best used as a short-term solution to your financial needs.

Get your commission advance in as little as 30 minutes.

Register now and get back to doing what makes you money - selling homes.

Or, give us a call and speak directly with our helpful staff:
1-800-331-9756

Attention: Brokerage Owners

* Agent’s Equity Offers Broker/Owners A Better Proposition For Using Their Surplus Capital * Which would be of more value to you? a) Revenue from recruiting a new agent?   OR    b) Revenue from providing a commission advance to an agent? Now imagine – a) Revenue from gained by recruiting 5 new agents   […]

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PAYDAY LOANS vs COMMISSION ADVANCES

Payday Loan or Commission Advance? Is There A Difference? YES! YES! YES!     PAYDAY LOAN   COMMISSION ADVANCE (not a loan)   Borrowing money and incurring unsecured debt   Sale of an asset – not borrowing   Huge interest cost: $1000 for 2 months can cost $500+   Less than $80 for the same […]

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The Cost of Running a Successful Real Estate Business….

Here is a partial list of fees and costs that many young and/or aspiring real estate salespeople may not realize is associated with running a successful real estate business (courtesy of Heath Applebaum, REM, May 2015 issue) – * CREA fees and dues * Monthly provincial real estate board dues and fees * Listing fees […]

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