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Commission advances: for better or worse?

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Real Estate Professional | 03 Dec 2014, 09:33 AM Agree 0
Payday loan companies can be of benefit to agents, says one industry veteran. But could their use indicate a bigger problem in an agent’s business?
  • Ryan Suchet - Capital Growth | 03 Dec 2014, 10:56 AM Agree 0
    In a perfect world, of course no one would need an advance. However that is not reality and some months will be better than others, so you need a small bridge to cover the leaner times. I also feel that simply waiting months for your commission is not the most efficient use of your capital.
  • Menno van Driel - www.menno.ca | 03 Dec 2014, 04:55 PM Agree 0
    But holy smokes look at their fees and rates; this service must only be for the outright desperate. Otherwise, you'd simply apply for a bank line of credit. If the bank says you don't qualify for that, then you CERTAINLY should not engage in high-cost borrowing.
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