Even with today’s interest rates rising, RealCommissions holds steady with the same low rates for real estate agents
Real estate agents are facing a number of factors impacting today’s residential housing market. Higher interest rates and housing prices are the latest shift making it more challenging for agents to get properties to the closing table. Interest rates are creeping up from earlier this year, with the 30-year fixed rate up from roughly 3.4% to 5.5% and the 15-year fixed up from 2.6% to around 4.7%. That, combined with overall higher prices have made it harder for buyers to qualify.
In addition, Redfin reported this week that almost 15% of pending home sale fell through last month due to these market shifts, compared to 11.2% last year.
Despite these current macroeconomic factors, RealCommissions remains committed to helping our clients navigate this new normal. “Even with our own costs rising, we are holding our rates the same,” said Andrew Mintz, VP of Marketing and Business Development for RealCommissions. “In fact, we’ve been offering commission advances on residential transactions at the same low rates for years,” added Mintz.
Agents can receive the funds they need immediately once they have a pending contract, reducing the stress of trying to smooth out the ups and downs of commission-based income. All RealCommissions advances include a 15-day grace period on top of the scheduled close date, so agents are not penalized for last-minute delays.
RealCommissions’ online application via DocuSign is easy, fast, and secure. To keep your business growing and avoid the high cost of loans or credit cards, please contact us about our RealCommissions commission advance service. You can apply or request a quote at RealCommissions.com, contact us via email at [email protected], or call us at (888) 610-0003.