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John S, Real Estate Pro in Contra Costa County,...

HELP - URGENT - Need advise on commission advances, specifically Commission Funding Solutions.

Asked by John S, Contra Costa County, CA Mon Jan 30, 2012

An agent is wanting to use this company to get an advance on their commission and wants to use this company. I'm trying to protect our agent and our broker.

Has anyone ever done this before? Have you ever used Commission Funding Solutions?

Feel free to send me private email at remax.johns@gmail.com

THANK YOU

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As a southern California real estate broker for more than 30 years, I have had a lot of experience with these commission lenders. Do yourself a favor and read the fine print in their contracts. For example, Commission Funding Solutions recently billed one of my agents $27,000 for a debt of $6,800. All of the extra fees totaled more than $20,000 in only a few months time. These companies are predatory lenders. Be wary is my advice.
0 votes Thank Flag Link Sat Aug 30, 2014
Good Day Sir/Madam,
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Flag Sat Feb 21, 2015
Yikes!
From the frying pan into the fire!

John, READ THE FINE PRINT! Pay day loans are expensive and seldom leave the borrower in a better position.

The solution is to give this agent a 'wake up' bump on the head. This isn't rocket science. If the agent is unwilling to do what needs to be done to create a successful business, they should be counseled to pursue other options. A dark cloud of despair is not healthy for anyone in the business.

Perhaps John, this is the door that has opened for you to walk through. Get this agent back on course and this problem goes away. We got into this business because, by nature, we are helpers. Sometimes we have to help each other.

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
0 votes Thank Flag Link Sun Oct 7, 2012
Hello,

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0 votes Thank Flag Link Sun Oct 7, 2012
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