Commission Advance Information for Managing Brokers
Flexty allows your Agents to gain immediate access to working capital to keep their business running smoothly throughout the year.
Best of all, you can offer Flexty with no liability to your Brokerage.
Improved Cash Flow for Agents Is Good for Brokers
As independent contractors, Agents operate their own small businesses. But gaining access to working capital to pay bills and invest in growth opportunities can be complicated and time-consuming. That’s why Flexty developed an easy way for Agents to advance their future commissions. Here are a few reasons how our service benefits your Brokerage:
Stop Being “The Bank” – don’t complicate your relationships by being a funding source to your agents
Retention – solving cash flow challenges keeps your Agents happy and productive
Recruiting – attract new Agents offering a service to smooth out their cash flow
Control – commissions are advanced only after your approval
No Split Impact – advances are on the Agent’s net earned commission only, after split
Tax Deductible – the cost to advance is a deductible business expense for your Agents
No Liability to the Broker
In the unlikely event we advance a commission on a sale that falls through, the agent is asked to replace it using future earned commissions. As broker, your only responsibility is to direct any future commissions earned by the agent to Flexty. If no future commissions are ever earned or the agent leaves your Company for example, Flexty bears the risk of loss. The transaction is non-recourse.
One of the greatest challenges for those working in the real estate mediation field is treasury management, particularly for real estate consultants… Thanks to Flexty, this management has become easier.
One of the biggest barriers to starting out as a real estate agent is the time it takes for this new entrepreneur to generate cash flow. The FLEXTY service supports and assists during this challenging initial period, making it easier to decide to become a real estate agent.
