Commission advances on residential sales

When your deal qualifies

Apply once your purchase contract is fully executed and contingencies are removed, up to the day before closing. Single-family homes, condos and townhomes all qualify, and it does not matter whether you represent the buyer or the seller.

Co-op sales qualify too, though the fee on a co-op can differ from the standard table because board approval adds time and uncertainty. We confirm the exact fee before you sign.

How much you can advance

Up to 90% of your net commission, which is what you receive after your brokerage split, franchise fees and any transaction fees. You choose the amount; advancing less than the maximum lowers the fee in dollars because the fee is a percentage of the amount advanced.

What we need from you

• The fully executed purchase agreement
• Any contingency removals or addenda
• Your brokerage's commission statement or trade sheet, signed by you and your broker
• A copy of the deposit check or receipt, if you are the cooperating agent

If the closing date moves

Every advance includes a 14-day grace period after the scheduled closing date at no extra cost. Appraisal and financing delays are common on resales, which is why the grace period exists.