Commission Express businesses provide commission advances to real estate agents and brokers by purchasing their earned but unsettled commissions (accounts receivable) at a discount. It’s a business-to-business factoring transaction by which a third party (Real Estate Company or Settlement Agent) is directed under the Uniform Commercial Code to pay Commission Express upon settlement, usually within 30 to 60 days from the purchase date.
Franchisees help customers manage their cash-flow in exchange for the opportunity to purchase pending receivables at a discount. Customers use the services because the process is easy, fast and reliable. It is a situation where a reasonable exchange of values takes place, and where everyone has an opportunity to benefit.
After completing an Application Packet, customers submit the necessary documents to Commission Express for review. When approved, they can come to the offices to get their advance check or it will be mailed or the funds will be wired. The process usually takes less than two days.
Franchisees receive an intensive five day comprehensive training period at the Commission Express National offices. In addition, franchisees receive a turn-key operation consisting of:
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