Hi! I've recently started looking into the topic of real estate commission advance and am trying to figure out how profitable and safe it really is for agents. What do you think, is it worth taking an advance payment for the commission from the transaction to cover current expenses, or is it better to do without it? I'd be especially interested to hear about your experience - have you encountered similar services, how quickly are payments made, and have you had any problems with interest or hidden commissions?
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In this post given a scenario about a real estate agent getting it commission in advance then agent will trying it to fulfil it deal properly.
Professional Home Seller in Glenpool OK
I also found myself in a similar situation and started using the service https://rocketadvance.ca/ to receive a commission advance. I will be honest - it turned out to be a very useful tool, especially when you need to cover current expenses: advertising of the property, marketing, gasoline, even partially renting an office. Payments are really fast - in my case, the money arrived within 24 hours after submitting the application. The conditions are transparent, the percentage is fixed, without hidden commissions, which was essential for me. It is convenient that you do not need to wait weeks or months for the deal to close - the money can be used immediately. This is especially helpful in the off-season or in periods when there are few deals, but expenses remain. I believe that taking an advance is a reasonable step if you approach it responsibly.