Requirements & 3 Easy Steps
Accelerated Commissions’ service enables real estate professionals to accelerate the payment of commissions from pending residential contracts. Contracts must be scheduled to close within 90 days for re-sales or 60 days for new construction.
- Simply fill out the Client Account Registration completely and fax to 1-864-271-8889 with a copy of your current real estate license and your previous years 1099 earnings statement. A representative will contact you within two business hours to verify your registration is complete.
- Once your registration is complete, it is time to submit a commission for processing. Simply complete the Brokerage Approval of Commission Assignment, have the broker-in-charge approve the transaction, and fax in with the following supporting documents for “Accelerated Commission” approval.
- Once all paperwork is received, processors review and approve acceptable commissions. Upon approval, the agent is faxed a Commission Assignment Agreement. This document summarizes the contract submitted and the terms of the “Accelerated Commission”. Once approved by the agent, the “Accelerated Commission” payment is funded and sent overnight to the brokerage for distribution to the agent.
