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Get free tools & tips Tell a colleague about us Who else uses Express Commission?In September 2010 Express Commission provides commission advance s to leading residential, commercial, and industrial real estate agencies and business brokers across Australia. Our clients are based in every state of Australia and include both independent agencies and members of Australia’s most successful real estate groups including:
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Express Agent News 6 May 2008 issue Selected article shown below. See all articles for this issue.
Commission Assist
Turn your pending Sales Commissions into cash within 4 hours Imagine the potential opportunities to your business from freeing up valuable working capital. Growing industry acceptance of cash flow finance as a key business tool has resulted in unprecedented demand for Express Commissions services over the past three years. In this article we answer some of your questions relating to cash flow finance and the benefits to real estate professionals.
What is Cash Flow Finance? The concept in Australia is relatively new, and hence it is not uncommon for a real estate agent to have had limited or no experience with a service such as Express Commission. However, cash flow finance, in one form or another, has been around for three thousand years. In North America it dates back to as early as the American Revolution. What we do is known as factoring, discounting, cash-flow or debtor finance. Put simply, however, all we do is purchase sales commission entitlements at a discount, much in the same way you would purchase a fixed asset, such as a car, or a house. The most common type of factoring transactions involve the use of MasterCard, Visa, or American Express Cards. In this instance the retailer creates a receivable, and then electronically sells the receivable to the credit card company at a discount. Worldwide today, factoring is used more than any other type of financing. So while most of the public does not understand it, they utilise it in their everyday lives. According to the Institute for Factors and Discounters, figures recently released show over 4800 business in Australia now use cash flow finance. In terms of dollar amounts the industry turned over a record $A41 billion ($US31.5 billion) in fiscal 2006, up 21 per cent on the previous year.
How can you as a Real Estate Principle or Agent benefit from this service?
In simple terms; no more waiting 30, 60, or 90 days to receive your real estate commission. With our innovative express commission service, funding is available in less than 4 hours. As a Real Estate Professional, you have control over your expenses and revenue. Cash flow finance allows you to use your own hard earned assets to create cash for the growth needs of your business today. As a Principal, offering immediate access to sales commissions is a useful tool in attracting and retaining salespeople, enabling the sales person to take the peaks and valleys out of the real estate sales profession. Other uses of the funds available include; increased marketing activities to drive listings and sales, sales team recruitment, office establishment and /or refurbishment costs or simply office operating costs such as BAS payment! Furthermore, all business fees are tax deductible if funds are used for business purposes. Cash flow finance is not a loan. There is no compromise to your balance sheet, no long-term agreements or delays associated with other methods of raising capital. By removing the headaches of juggling cash flow, cash flow financing frees up your time to focus on doing what you do best... making sales.
Who is Express Commission? Express Commission is Australia’s largest and most trusted provider of cash-flow finance to the Real Estate industry. Since commencing operations in 2005, Express Commission has experienced phenomenal growth and recently recorded a major milestone when it made its $30 millionth real estate commission advance. Clients include leading independent agencies as well as members of Australia’s most successful real estate franchise groups. Express Commission’s innovative offering, combined with outstanding service levels have proven a major hit with both new agencies in start-up mode and established agencies working to maximise growth opportunities. Whether $3,000, or $3 million is required to ignite your agency growth, Express Commsion can advance funds directly into an agent’s bank account within 4 hours. Visit the Express Commission Website for more information now: http://www.expresscommission.com.au/
Do you have any feedback on this article or ideas for a topic that you would like us to cover in future editions? Do you have any feedback on this article or ideas for a topic that you would like us to cover in future editions? |
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