Working on commission is risky business. On some days, you are flush with cash and, on others, your pockets are empty. California commission advances allow you to smooth your income stream. Instead of waiting to receive all your money when a transaction closes, you can receive part of your commission at the opening of escrow and another part of your commission when all contingencies have cleared. This allows you to have a steadier stream of income and to keep your business going. How Commission Advance Works But commission advance services cost money. Why would anyone pay a fee to get an advance on their commission? Can a system like this possibly be cost-effective? Yes! How? Simply put, it takes money to make money. Your business needs working capital to keep it going. Regular businesses can typically get this capital from banks, but banks are reluctant to lend to real estate agents due to the uncertainty of the income stream. The best alternative for agents is a commission advance. Prudent use of commission advances to invest in business opportunities can help you grow your business. If you compare the cost of other lending options, like cash advances from credit cards with their high interest rates, hidden fees, and lending limits, the cost of a commission advance begins to look more favorable. Additionally, advance fees are tax deductible when the proceeds are used to invest in your business, they will not affect your credit score, and they are completely confidential. Many of the best agents in the country use California commission advances to help them build their businesses. Top agents know they need to be proactive and invest in their business to stay at the top of their game—they never let a lack of immediate cash cause them to miss a great opportunity, and you shouldn't either. Get the money you need for your business today.
Related Articles -
California, commission, advances,
|