Frequently Asked Questions
Questions Realtors Frequently Ask About Real Estate Commission Advances
Question: Can you provide real estate commission funding to real estate agents and brokers anywhere in the United States?
Answer: There is no minimum size commission, but the minimum fee is $250.
Question: Do you work with any organizations or associations in real estate?
Answer: We work with settlement agents and mortgage brokers on a case-by-case basis for funding. We also have affiliate and partnership opportunities for organizations who work with real estate agents and brokers. Please contact us directly at aredcloud@acceladvance.com or give us a call at 267-769-0747 for more info.
Question: Do you provide real estate commission advance funding to realtors with fees from rentals?
Answer: We consider these on a case-by-case basis. Please contact us directly at aredcloud@acceladvance.com or give us a call at 267-769-0747 for more info.
Question: Do you provide real estate commission advance funding to real estate brokers, brokers of record or sponsoring brokers?
Answer: Yes, we do, however, our requirements are different. Please call us at 267-769-0747 if you are a broker.
Question: Are you able to provide commercial real estate commission advance funding to realtors?
Answer: No, we do not.
Question: Can you provide funding to realtors with land deals?
Answer: No, we do not fund on transactions for land.
Question: Do you provide advances to mortgage brokers or agents?
Answer: Yes, we do advance mortgage brokers, however, our requirements are different. Please call us at 267-769-0747 for more information.
Question: Do you advance on active listings?
Answer: Yes, we do fund on active listings. It must be an exclusive listing, our our max advance for active listings is $3,500. In most cases, you can convert the active advance to a regular advance once the property goes under contract to increase your advance amount.
Question: Do you advance on leases?
Answer: Yes, we do advance on leases. Please submit the application on our website and we will reach out to request additional information.
Question: Can applicants communicate with Accel via text message?
Answer: Yes, we are able to communicate via email, phone or text.
Question: Are you a broker or direct funder?
Answer: We are not a broker. We work directly with our clients to fund.
Question: Is there a minimum size commission that you advance real estate agents or brokers?
Answer: There is no minimum size commission, but the minimum fee is $250.
Question: Is there a maximum size commission that you advance?
Answer: Yes. The maximum amount is $30,000.
Question: Are there any reserve holdbacks?
Answer: Yes, there is a 10% reserve holdback on every advance.
Question: Are there any administration fees?
Answer: There is a $30 wire fee for any outgoing wires. Agents can opt to receive funds via eCheck for no charge.
Question: Are there any application fees?
Answer: No
Question: Does my broker have to sign the funding agreement?
Answer: Brokers do not need to sign off on you applying for or being approved for an advance with our company as long as you are a 1099 contractor. However, funds for approved advances will not be released until your managing broker has signed a commission disbursement agreement authorizing Accel to be paid directly from the closing company.
Question: Can I advance more than one deal at a time?
Answer: Yes
Question: How much of my Commission can I advance?
Answer: Up to 80% of net commission due to agent.
Question: How quickly can I get my advance processed?
Answer: Advances are processed in 48 hours or less – majority of advances fund same day.
Question: Are your advances restricted to a closing within 90 days?
Answer: Within 120 days.
Question: Do you require a minimum size deposit?
Answer: No.