The short answer
Every Premier Commission advance includes a 14-day grace period after your scheduled closing date at no extra cost. Closings slip for ordinary reasons, such as appraisals, lender conditions and title issues, and the grace period covers most of them.
How the fee is set in the first place
Your fee is set by the number of days between the day you are funded and your scheduled closing date. A closing 25 days out falls in the 0–30 day tier; one 50 days out falls in the 46–60 day tier. The grace period is added on top of the scheduled date.
| Days from funding to closing | Flat fee | On a $10,000 advance |
|---|---|---|
| 0–30 days | 5% | $500 |
| 31–45 days | 8% | $800 |
| 46–60 days | 9% | $900 |
| 61–75 days | 11% | $1,100 |
| 76–90 days | 12% | $1,200 |
| 91–120 days | 16% | $1,600 |
| More than 120 days | Quoted individually | |
Why the scheduled date matters
Use the closing date in the purchase agreement or the latest written amendment. If you already know the date is moving, tell us before you are funded so the fee is set on the right date.
What to do when a closing slips
- Tell us as soon as you know. Send the amendment or a note from the closing attorney or title company.
- Keep your brokerage informed. Your brokerage pays us at closing, so they need the new date too.
- Ask before the grace period ends. If the new date may fall after the grace period, call us at the number below and we will go through your options.
How other companies handle delays
Grace periods differ from company to company, and so does the clock that starts after them. When you compare offers, ask how long the grace period is, what is charged after it, and from which date.