Frequently Asked Questions
Find answers to commonly asked questions about our commission advance services.
What is a commission advance?
A commission advance allows a real estate agent and broker to receive a portion of their pending commission before closing, in exchange for a fee. It’s a way to access earned income ahead of the settlement date—no loans, just early payment for work already done.
Why is a commission advance beneficial?
Whether you’re a top producer or just starting out, cash flow fluctuations are a common part of real estate—often tied to the unpredictable timing of closings. My Commission Now helps bridge those gaps by giving you access to your commission when you need it, not just when the deal closes.
How much will my commission advance cost?
The cost of an advance depends on the amount requested and the time until closing. For personalized pricing details, contact our customer service team.
Are the costs tax deductible?
Since commission advance funds are used for business-related expenses, the cost can be tax-deductible.
What happens if my closing is delayed?
Your fee includes a 20-day grace period, giving you extra time beyond the estimated closing date to repay the advance if needed.
How much of my commission can I receive from my advance?
You may qualify for up to 75% of your net earned commission. Final advance limits are determined through underwriting.
How do I receive my advanced commission?
You have the option to receive through an e-check, or a wire to your bank account for a nominal fee, once your advance is approved
How long does it take to receive my advanced commission?
Once your agreement is signed and your transaction is verified with the settlement company, funds are typically sent within one hour during regular business hours, depending on the method you’ve selected to receive funds. Transfers to credit unions may take up to one business day to process.
How do I apply?
Begin by submitting your info online. To apply, you’ll need the property’s sale details and contact information for the settlement company handling the closing. Once submitted, your commission advance agreement will be generated and sent to your broker for electronic signature.
After receiving the signed documents, we’ll review everything and notify you once your advance is approved. If additional information is needed or your request can’t be approved, an account manager will reach out to assist you directly.
Still have questions?
If you have any other queries, feel free to reach out to us.
Our knowledgeable team is here to help!