Commission advances on new construction and pre-construction
New homes and pre-construction condos qualify for an advance of up to 80% of your net commission, even when the closing is many months away.
Why agents advance new-construction commissions
A new-construction commission can take many months to arrive, while the cost of finding the next buyer is paid today. An advance turns that future check into working capital without waiting for the certificate of occupancy.
Long closings are fine
There is no limit on how far away your closing can be. Closings within 120 days follow the standard fee table; longer ones are quoted individually.
Fees on new construction can differ from the standard table. We confirm the exact fee before you sign.
What we need
- The fully executed purchase agreement with the builder
- Any addenda that set the commission and when it is paid
- Your brokerage's commission statement or trade sheet, signed by you and your broker
Questions
Can I advance a pre-construction condo sale?
Yes. New homes and pre-construction condos both qualify, for up to 80% of your net commission.
Is there a limit on how far away the closing can be?
No. Closings more than 120 days away are quoted individually.
Example
- Net commission
- $18,000
- Advance (80%)
- $14,400
- Closing in
- 110 days
- Standard fee (16%)
- $2,304
- You receive today
- $12,096
Uses the standard fee table. Some exceptions may apply for co-ops, commercial deals, leases, new construction, multiple and large advances, and brokers of record. Minimum fees may apply.
Your commission is earned. Get it before closing.
Apply online in minutes. Funds go out the same day when your agreement is signed by 1 PM ET.