One of the biggest challenges for agents that specialize in the luxury market is that the number of transactions you close per year may be fewer than the average agent. The price points are higher resulting in larger commissions, but the lower frequency can create long gaps in income between closings.
The cost of marketing these properties can also be a challenge since you are targeting an upscale clientele who demands maximum exposure of their property. To smooth out income luxury agents do a commission advance on part of a large commission, getting the cash they need now, and receiving the balance of the commission at closing.
This is a very cost-effective way to keep your business running smoothly and getting the working capital you need to promote your listings. And because RealCommissions has no cap on the size of a commission advance, we don’t limit your potential like other advance companies do.