FAQs

Commission Assist is a leading national provider of Commission Advances to Real Estate Professionals who broker both sales and leasing transactions. Commission Assist is a subsidiary of Legal Assistance Funding, LLC, a diversified specialty finance company with decades of experienced in creating customized non-recourse financing tools and factoring or receivables.

A commission advance is a financial service for Real Estate Agents and Brokers whereby such agents or brokers sell a portion of a pending commission on a real estate sales or lease transaction for a fee. In exchange, funds are advanced to the agent or broker before closing. It is not a loan as Commission Assist does not require any repayment guaranty or repurchase obligation on the part of the agent or broker.

All agents and brokers experience cash flow challenges at one or more times during the course of their careers or within any given year. A Real Estate Commission Advance provides a safe, responsible and secure alternative to traditional loan products for Agents and Brokers who wish to normalize their income by obtaining a portion of their commission prior to closing or to meet important business expense or business growth challenges at any given moment.

• Our advance terms do not contain hidden personal recourse in the form of repurchase obligations and similar terms
• We do not have a one size fits all approach. Agents and brokers with positive funding history and/or substantial sales/leasing activity will always receive competitively low rates
• No Maximum Funding Limits

Commission Assist funds both pending residential and commercial sales and lease transactions.

Unlike our competitors, we do not require you to repurchase an advance with personal funds for any real estate transaction that does not close or settle. We work with you at the time that you apply for an advance to identify replacement listings or pending transactions and will only satisfy the repayment of any advance from future net commissions on real estate transactions.

Yes. Commission Assist does not impose any maximums on the number of advances outstanding at any time. In fact, we may be able to offer you a lower rate if the money we advance to you is secured by multiple transactions.

On residential resales, you may be eligible to receive up to 90% of your net-commission. On all other pending sales transactions, advances will typically be up to 60-70% of your net commission. Advances on executed commercial lease transactions may be up to 70% of the net commission owed.

For pending sales transactions, we typically fund advances that have an expected closing date of up to 120 days, although closing dates in excess of such limitation will be considered on a case by case basis. For commercial lease transactions, we will advance funds against any net commission instalment that has an estimated payment date of up to 365 days from the date that the first commission installment is due.

Our commission advance product is Non-Recourse to your personal assets and secures our advance against your real estate commissions only. To maintain the Non-Recourse nature of a “Commission Assist Real Estate Commission Advance”, we do not at this time give advances on active listings alone, but limit advances on transactions that have been executed by the parties. To offer you the lowest rate possible, to advance you the maximum possible on a pending sale or transaction, and to help you qualify, we will identify and use your active listings as replacements in the event that a closing or a lease commission payment does not take place. For certain qualified agents, we may offer an advance listing in combination with a pending transaction listing.

We rely solely on your transaction history, prior funding history with us and the pending transaction you propose to secure the advance. As a result, our commission advance program is faster and more reliable than traditional bank loans, credit cards and other financial tools.

Once we receive your application and the required documentation that accompanies the application, you may receive a Commission Assist advance the same day or the next day.

Commission Assist has experience working with leading national, regional and local brokerage firms throughout the United States. Your broker will be required to confirm your pending transaction and the net commission payable to you and authorize the payment of your net commission directly to us at the closing. A Commission Assist real estate advance is at no risk to your broker.

Repayment of the advance typically occurs automatically when your sale closes. The settlement company/attorney or title company responsible for disbursing funds at closing receives a commission disbursement authorization signed by you and your broker instructing them to send the portion of the commission that has been sold directly to Commission Assist at close of escrow.

If you took a commercial lease commission advance, your broker will be required to turn over funds equal to the advance amount plus an accrued use-fee directly to us and any excess funds will be distributed to you.

Absolutely NOT! Commission Assist never contacts the buyer, seller, tenant or landlord.

We respect your privacy and any information received by us will never be sold or distributed.