Providing a reliable source for real estate agents & brokers to quickly and easily covert commissions into cash.
Service:
COMMISSION EXPRESS® businesses advance real estate sales commissions to agents and brokers (customers) by factoring their commissions (accounts receivable). That is, we purchase pending commissions at a discount (usually 10%). The purchased commissions are usually redeemed within 30 to 60 days.
COMMISSION EXPRESS® businesses apply the general factoring process to the specialty of factoring real estate sales commissions. We purchase pending commissions on the basis of their quality as an asset, and the professionalism of our customers.
Why? Because real estate salespeople, even the most successful ones, are usually paid on a commission basis. Since commissions are not as predictable as salaries are, most traditional financial institutions are reluctant to deal with real estate salespeople.
As a COMMISION EXPRESS® franchisee, you will be helping customers manage their cash-flow in exchange for the opportunity to purchase pending commissions at a discount. It is a situation where a reasonable exchange of values takes place, and where everyone has an opportunity to benefit.
Benefits:
- State Licensed Professional Customers
- Customers are Members of Local, State and National REALTORS® Associations
- Highly Motivated Customers
- Business to Business – NOT Consumer Related
- Solid 80% Repeat Customer
- Little or No Competition
- Highly Defined Market
- State of the Art Web Site
- High Profit Margin
- Low Initial Investment
- Internet Based Operating System
- Minimal Staff Required
- Open or Protected Territory
- Quick Ramp Up
- Financing up to 50% of Franchise Fee Available
- Can Be Operated From Home Office
The Customers:
Our customers are real estate professionals: principal brokers, associate brokers and salespeople, many of whom are "top producers." These are business people who face the cash flow issues which impact every business. Specifically, real estate professionals are likely to have recurring expenses for promotion, marketing, advertising and staff assistants. Therefore, to operate their businesses, our customers must have a predictable cash flow to meet equally predictable expenses. Unfortunately, real estate incomes depend on unpredictable closings, and so it sometimes happens that cash flow is not sufficient to meet current expenses.
Our customers return time and again because doing business with us is quick, reliable, and does not involve lengthy application reviews or flawless credit histories. Instead, our customers know that we are primarily interested in the quality of the asset being purchased.
