Answers for Brokers
Answers for Brokers
Questions asked by Real Estate Brokers
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.
Absolutely not. We respect your privacy. Information submitted to Agent’s Equity will not be sold or distributed.
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.
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.
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.
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.
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!
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!
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.
That’s up to you. It is often best used as a short-term solution to your financial needs.