Commission Star makes it really convenient for real estate agents to apply and receive their commission advance swiftly. Here is a simple step by step breakdown of how this works:
1 Finalize an Agreement of Purchase and Sale with all conditions waived.
2 Apply Online
Using our secure online application portal, provide the details about yourself, your company and the sale on which you would like to advance. Also, email of fax us a copy of your Driver’s License and a void check to complete your profile.
Once registered into our database, any time you need a commission simply log in and provide us the details of your new pending sale.
3 Receive and sign your agreement
After you’ve provided the details, an electronic agreement will be emailed to you within one hour. Once you and the brokerage office digitally sign the agreement, send it back through our secure online channel.
4 Underwriting Review
Our underwriters will review and verify the details of your request right away and confirm your transaction with the settlement company closing the sale.
Your advanced commission is deposited directly into your bank account typically on the same business day.